4 items across 4 digests
Kendrick Resources raised £1.76 million through issuing 25.2 million shares to advance its Bonya rare earths project in Namibia. The funding will support ongoing drilling programs aimed at developing the rare earths deposit, adding to global supply chain diversification efforts.
Appian Capital Advisory acquired a 95% stake in Namibia's Omitiomire copper project, requiring $400 million in development capital to produce 300,000 tons of copper annually. This investment highlights growing private equity interest in African copper assets amid rising demand for the metal in renewable energy and electric vehicle applications.
Namibia Critical Metals Inc. has amended its joint venture agreement with JOGMEC for the Lofdal Heavy Rare Earths Project in Namibia. This partnership adjustment could affect the development timeline and investment structure for one of the few heavy rare earth projects outside China.
Bezant Resources increased its stake in the Hope and Gorob mining project in Namibia to 90% by acquiring an additional 20% from its local partner. This consolidation gives Bezant greater control over a critical mineral asset in a politically stable jurisdiction.
DailySand