Namibia Critical Metals Grants Stock Options to Enhance Remuneration

Namibia Critical Metals Inc. (NCMI) has announced that its board of directors has approved the granting of 4,350,000 incentive stock options. These options are part of the company's overall remuneration and incentive program designed for employees, consultants, officers, and directors. The stock options are exercisable at a price of $0.105 per common share for a period of five years.

This move aligns with NCMI's strategic plans to motivate its workforce while advancing the development of the Lofdal Heavy Rare Earth Project. Lofdal, a significant source of dysprosium and terbium, is crucial in technologies for electric vehicles and wind turbines. The project operates under a joint venture with JOGMEC, which has earned a 40% interest by completing expenditure requirements.

NCMI remains listed on the TSX Venture Exchange and OTCQB Market, ensuring market presence and investor engagement. Further developments in their strategic joint venture aim to strengthen their position in rare earth metallurgy supply chains.