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Sign InIn a move reflecting the global race to secure critical mineral supply chains, Namibia Critical Metals has announced the formation of TJ Namibia Rare Earths Corporation in partnership with Toyota Tsusho. This new entity will hold Japan's interests in the Lofdal Heavy Rare Earth Project following the successful completion of required investment milestones.
According to the reports, the Japanese side completed a C$23 million earn-in commitment to secure a 50% participating interest in the project. This strategic partnership with a Japanese mega-cap firm like Toyota Tsusho provides essential non-dilutive funding and technical validation for the advancement of the Lofdal project toward full-scale development.
Market data shows that Toyota Tsusho (8015.T) shares stood at 6625 JPY at the close of July 30, 2026. Investors are also monitoring broader economic signals from Japan, where recent data from July 23 showed the annual inflation rate holding steady at 1.7%, matching market forecasts and providing a stable backdrop for major industrial players.