Lofdal DFS Phase Approved
Analysis based on 6 articles · First reported Jul 20, 2026 · Last updated Jul 21, 2026
The approval of additional funding and contracts advances the Namibia — Lofdal project toward completion of the DFS, potentially increasing the project's value and attracting further investment. Positive sentiment for Critical Metals and its partners as the project moves closer to production.
Critical Metals announced that the Joint Management Committee overseeing the Namibia — Lofdal Heavy Rare Earth Project in Namibia approved the next phase of work under the Definitive Feasibility Study, including up to approximately C$11 million in additional funding. The company also awarded major metallurgical and geometallurgical contracts to SGS Canada Inc. The approved programs transition the project into full DFS execution, aiming to validate the complete processing flowsheet from run-of-mine ore to separate light and heavy rare earth carbonate products. This approach aligns with Namibia's goal of increasing domestic beneficiation of critical minerals. The work is expected to de-risk the processing component and generate engineering data for project financing.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard