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Namibia Critical Metals Provides Update on Lofdal Joint Venture Transaction

HALIFAX, NS / ACCESS Newswire / August 31, 2026 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) provides the following update regarding the previously announced transaction relating to the Lofdal Heavy Rare Earth Project ("Lofdal" or the "Project"), as disclosed in the Company's news release dated July 30, 2026. The Company continues to work with its joint venture partners, Japan Organization for Metals and Energy Security ("JOGMEC") and Toyota Tsusho Corporation ("Toyota Tsusho"), to complete the remaining conditions required to implement the transaction, including obtaining the required shareholder consent and regulatory approvals, including final approval of the TSX Venture Exchange.