Namib Minerals secures US$ 6.5 million term loan to fund Redwing Mine drilling, bankability work

• Namib Minerals secured a new term loan facility of USD 6.5 million from BancABC to support the Redwing Mine restart plan.
• The funding is earmarked to partially finance Step 3, including surface drilling for resource definition and advancing the DFS to bankability.
• The new facility consolidates the company’s existing term loan and overdraft facilities with BancABC into a single facility.
• Step 2, the DFS technical program, is underway and fully funded; Step 1 dewatering was completed on Sept. 21, 2026.
• Remaining Step 3 funding is expected to come from a sequenced, non-dilutive financing plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Namib Minerals published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609291926PRIMZONEFULLFEED9836539) on September 29, 2026, and is solely responsible for the information contained therein.