It was a fairly good day in the markets for investors in Namibia Critical Metals Inc (OTCMKTS:NMREF) as the stock came into focus in a big way and ended up with gains of as much as 10% for the day. In light of the gains, it could be a good move to take a look at the development that led to the move in the stock.
Namibia Critical Metals Commences Final In-Fill Drilling for the Expanded “Lofdal 2B-4” Heavy Rare Earth Project
The company came into focus yesterday after it announced that it had started the resource in-fill drilling activities at the Lofdal 2B-4 Heavy Rare Earth Project as part of the Pre-Feasibility Study. It was a major new announcement from the company and one that led to a fair bit of attention from investors.
With support from The MSA Group the company had worked out a final drill program so as to boost the levels of resource categories as necessary for the Pre-Feasibility Study of the expanded project.
The first phase of the resource drilling initiative had started towards the end of January this year and the aim of the company in the first phase would be drill as many as 35 RC holes. It would be interesting to see if the Western Sierra stock can add to its gains today.