Industry & Mining · Funding signal

Japan backs $34 million Namibia rare earth project as race for Africa’s critical minerals intensifies

Japan backs $34 million Namibia rare earth project as race for Africa’s critical minerals intensifies — the desk wire, 30 July 2026. Japan is investing up to $34 million (C$47.7 million) in a heavy rare earth mining project in Namibia, strengthening Africa’s position in the global race to secure critical minerals used in electric vehicles, renewable energy and defence technologies.

Updated 30 July 2026 · First published 30 July 2026

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