Namibia Critical Metals Inc. announced that its JV Partner, Japan Oil, Gas and Metals National Corporation("JOGMEC") has officially elected to move to Term 2 of the JV Agreement and provide additional funding of $2,063,000 for further exploration and development programs at Lofdal through to July 31, 2021. The terms of the JOGMEC JV Agreement contemplate that JOGMEC provides $3,000,000 in Term 1 and $7,000,000 in Term 2 to earn a 40% interest in the Lofdal project. Term 3 calls for a further $10,000,000 of expenditures to earn an additional 10% interest. With announcement the total approved expenditures for Terms 1 and 2 are $6,163,000. The JV Agreement is structured such that no NMI equity will be issued and it is totally non-dilutive to NMI shareholders.