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Namib MineralsBullish
Namib Minerals has secured a $6.5 million term loan facility from BancABC to fund the resource definition and bankability studies for its Redwing Mine in Zimbabwe. This new facility, consolidated with existing debt into a total of $13.218 million, provides non-dilutive capital to advance the company's multi-asset gold production strategy.…more
Namib Minerals
Namib Minerals has completed the dewatering program at the Redwing Mine ahead of schedule, marking the first milestone of its five-step restart pathway. This achievement restores safe access to underground workings, allowing the company to proceed with the second step, which is the ongoing technical program for the Definitive Feasibility Study (DFS).…more
Namib Minerals
Southern Selliben Trust, a shareholder of Namib Minerals (NAMM), entered into a share loan agreement on June 29, 2026, to lend up to 14 million shares to Mzi Khumalo. The borrower is required to pay a $50,000 lending fee plus 13% annual interest and must redeliver the shares by June 11, 2031, using assets including 3 million earnout shares.…more
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Namib Minerals Signs Nonbinding Term Sheet for $30M Loan for Redwing Mine…more
Namib Minerals has signed a nonbinding term sheet with Ecobank for a $30 million loan to fund resource definition and bankability programs at the Redwing Mine. As the agreement is nonbinding, the finalization of the financing remains subject to further negotiations.…more
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Namib Minerals has signed a non-binding term sheet with Ecobank for a $30 million loan facility to support resource definition and bankability studies at its Redwing Mine. The agreement remains subject to final documentation and customary conditions, with no guarantee of completion.…more
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Namib Minerals has completed the expansion of its milling plant at How Mine ahead of schedule, increasing monthly processing capacity by approximately 36%. While this marks a significant operational milestone, the company must now focus on ramping up to full capacity by December 2026.…more
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