Namibia Critical Metals Inc (NMI) Financials
TSXV: NMI · REE · Development stage
- Market cap$24.5M
- Share price$0.105
- 52-week range$0.100 – $0.395
- Shares outstanding233,586,779
- ExchangeTSXV
- Websitenamibiacriticalmetals.com
Namibia Critical Metals Inc. is developing the Lofdal Heavy Rare Earth Project in Namibia, one of the few advanced heavy rare earth projects globally and among the largest known undeveloped sources of dysprosium, terbium and yttrium. The fully permitted project is being advanced through a strategic partnership with JOGMEC and Toyota Tsusho to establish secure, diversified supply chains for critical rare earth materials required for electric vehicles, renewable energy and advanced defense technologies.
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Namibia Critical Metals Inc financial statements
Key figures read from 39 of 39 financial statement filings, Oct 6, 2016 to Oct 22, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,120,481 | C$1,252,327 | — | — | — |
| Short-term investments | — | — | C$1,235,705 | C$1,035,869 | C$1,163,035 |
| Total current assets | C$1,275,255* | C$1,367,606* | C$1,520,555* | C$1,720,668* | C$1,606,522* |
| Total current liabilities | C$459,598 | C$896,895 | C$1,473,103 | C$1,247,070 | C$2,159,813 |
| Working capital | C$815,657 | C$470,711 | C$47,452 | C$473,598 | (C$553,291) |
| Exploration and evaluation assets | C$23,910,965 | C$24,060,965 | C$24,160,965 | C$25,719,495 | C$26,031,612 |
| Property, plant and equipment | C$0 | C$11,733 | C$21,748 | C$46,667 | C$43,281 |
| Total assets | C$25,186,220 | C$25,440,304 | C$25,703,268 | C$27,602,693 | C$27,947,224 |
| Debt | — | C$0 | C$40,000 | C$39,324 | C$34,650 |
| Total liabilities | — | C$896,895 | C$1,513,103 | C$1,286,394 | C$2,194,463 |
| Shareholders' equity | C$24,726,622 | C$24,543,409 | C$24,190,165 | C$26,316,299 | C$25,752,761 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Nov 2025 | FY Nov 2024 | FY Nov 2023 | FY Nov 2022 | FY Nov 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$213,611 | C$244,893 | C$178,869 | C$163,642 | C$171,325 |
| Share-based compensation | C$214,730 | C$0 | C$161,868 | C$243,560 | C$56,700 |
| Net income (loss) | (C$809,276) | (C$582,313) | (C$2,368,654) | (C$651,709) | (C$5,473,973) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Nov 2025 | FY Nov 2024 | FY Nov 2023 | FY Nov 2022 | FY Nov 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,049,542)* | (C$910,819)* | — | (C$827,198)* | — |
| Investing cash flow | C$309,948* | C$25,308* | — | (C$64,813)* | — |
| Financing cash flow | C$576,428* | C$895,557* | — | C$736,638* | — |
| Exploration spending (capitalized) | (C$122,735) | (C$3,508) | — | (C$401,751) | — |
| Property, plant and equipment spending | — | — | — | (C$23,716) | — |
| Change in cash | (C$131,846) | C$16,622 | C$199,836 | (C$127,166) | C$569,339 |
| Cash at end of period | C$1,120,481 | C$1,252,327 | C$1,235,705 | C$1,035,869 | C$1,163,035 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Namibia Critical Metals Inc yet.