Namibia Critical Metals Inc (TSE:NMI) has released an update.
Namibia Critical Metals Inc. has entered into a Memorandum of Understanding with Copenhagen Atomics to negotiate the sale of thorium from its Lofdal Heavy Rare Earth Project, which could provide a new revenue stream by supplying an estimated 100 tonnes of thorium oxide annually. This strategic move will potentially turn a by-product into a profitable opportunity for the company and its stakeholders. Copenhagen Atomics is preparing for mass production of a thorium molten salt reactor, with commercial deployment expected by 2029.
For further insights into TSE:NMI stock, check out TipRanks’ Stock Analysis page.