Namibia Critical Metals Inc. (TSXV:NMI) announced a private placement of up to 2,000,000 units at a price of CAD 0.25 per unit for gross proceeds of up to CAD 500,000 on March 3, 2021. Each unit consists of one common share and one warrant. Each whole warrant will be exercisable for one common share at a price of CAD 0.35 for a period of 12 months. A maximum of 4,000,000 common shares of the company will be issued assuming full exercise of all warrants. The transaction is subject to the approval of the TSX Venture Exchange. All securities issued in the transaction will be subject to a four-month hold period.