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Namib Minerals Secures US$6.5 Million Term Loan Facility to Partially Fund Resource Definition and Bankability

GlobeNewswire Inc.·
Namib Minerals Secures US$6.5 Million Term Loan Facility to Partially Fund Resource Definition and Bankability

Namib Minerals secured a US$6.5 million non-dilutive term loan facility from African Banking Corporation of Zimbabwe Limited to partially fund Step 3 of its Redwing Mine restart, which includes surface exploration drilling and advancing the Definitive Feasibility Study to full bankability. The company completed Step 1 (dewatering) ahead of schedule and has Step 2 (DFS technical programme) fully funded and underway.

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