Namibia Critical Metals Reports Successful AGM and Stock Option Issuance

Namibia Critical Metals Inc. announced the outcomes of its Annual General Meeting held on May 14, 2026. Representing 68.04% of shares, shareholders approved all proposals. Key decisions included the re-election of directors and approval of a stock option plan permitting grants up to 10% of the company's outstanding shares. PricewaterhouseCoopers LLP was appointed as the auditor for the following year.

The board confirmed the issuance of 1,000,000 incentive stock options as part of the employees’ remuneration program. These options, priced at $0.20 per share (the closing price as of May 13), are exercisable over five years and vest quarterly.

Namibia Critical Metals trades on the TSX Venture Exchange and the OTCQB Market, focusing on heavy rare earth projects in a partnership with JOGMEC and Toyota Tsusho.