Building a Critical-Minerals Project Pipeline

TSX-V:REE
FSE: K2i

Our Philosophy

Our goal is to discover large-scale critical mineral resources through a disciplined and responsible exploration approach. We apply a mineral-systems approach to exploration that integrates geoscience, data, and predictive modeling to identify the right place, time, and conditions where ore systems can form and be preserved.

The Martini-Glass Model

We visualize our exploration pipeline as an martini glass:

  • The wide rim represents a large pool of geological opportunities and conceptual targets that are assessed through regional studies, data synthesis, and analog modeling.
  • Moving down into the stem, priority projects generated are filtered through early reconnaissance exploration – geophysics / geochemistry / mapping – to ensure technical criteria are met and discovery probability is high.
  • At the base of the glass are the few, high-conviction projects for advancement that demonstrate clear potential for scale and strategic value creation in the critical-minerals space.

This method ensures disciplined, evidence-based progression, advancing only projects that meet our geological and strategic thresholds.

Applying a Mineral-System Framework

Borrowing from the petroleum industry’s success in predictive modeling, we structure our exploration around the four critical elements of any mineral system:

For REEs, this includes carbonatite and alkaline magmatic systems capable of concentrating light rare earths such as Nd and Pr. For uranium, it includes fertile granitic or sedimentary basins with the right oxidation-reduction interfaces.

Large-scale crustal features, lineaments, faults, or shear zones, that provide the pathways that focus magmas, fluids, and heat flow.

The tectonic conditions (compression, extension, or rifting) that drive fluid movement and create the energy for mineral concentration.

The physical or chemical environment that locks the metals in place, such as structural traps, reactive lithologies, or impermeable caps that preserve mineralization near surface.

This framework helps identify areas where potential fertile mineral systems can exist even before fieldwork begins.

What We Look For

In critical minerals such as REEs, mineralogy determines viability, and grade and tonnage determines scale. As we often say: “Mineralogy is the winning hand, grade and tonnage is the bet.”

We seek mineral systems that:

Host simple, low-risk mineralogy (e.g., monazite- or bastnäsite-hosted REEs, low-uranium monazite, or clean uranium oxides).

Have predictable processing paths compatible with existing or emerging separation technologies.

Occur in stable, mining-friendly jurisdictions with strong infrastructure, like Namibia.

Offer early geological signals of scalability, through geochemistry, geophysical signatures, fertile magmatism, or favorable alteration halos.

Eureka as a Case Study

Our Eureka Project in Namibia illustrates this philosophy in action. 

Eureka stands out not for its grade alone but for the quality of its mineral system, a technically sound, low-complexity foundation on which value can be built. 

Mineralogy

Clean, monazite-hosted NdPr mineralization with low deleterious elements, ideal for efficient beneficiation and hydrometallurgical recovery.

Architecture

Located along a well-defined structural corridor within the Damara Belt, providing the necessary lithospheric architecture for REE-bearing fluids. 

Preservation

Shallow erosional exposure, allowing direct exploration access and long-term potential for resource expansion. 

Evaluation Framework

Each project is evaluated based on five core technical criteria:

Evidence of a source capable of generating REE or uranium mineralization.

Favourable host minerals that enable efficient, low-impact processing.

Proven architecture to focus fluids or magmas.

Stable policy, infrastructure, and ESG alignment.

Geological settings that enhance concentration and retention.

Creating Value Through Discipline

This structured, multi-scale approach allows us to de-risk early-stage exploration, allocate capital where geological fundamentals support long-term value, and maintain a pipeline of opportunities that can evolve into discoveries aligned with the world’s demand for clean energy materials. 

By combining systems-based science with strategic focus on mineralogy and technical quality, we position ourselves to capture value at the front end of the global supply chain for the green economy. 

Qualified Person

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information on this webpage. Mrs. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.