Financing ·
On June 5, 2026, Namib Minerals' wholly owned subsidiary, Bulawayo Mining Company (Private) Limited, entered into a…
NAMMNamib Minerals
On June 5, 2026, Namib Minerals' wholly owned subsidiary, Bulawayo Mining Company (Private) Limited, entered into a $5.0 million term-loan facility with Ecobank Zimbabwe Limited. The loan has a 36-month term expiring May 31, 2029, with an interest rate of 11% per annum (12% base minus 1% margin). To secure the loan, the subsidiary provided a $7.5 million security interest in plant and machinery and a tripartite agreement with Fidelity Gold Refinery to route at least $3 million monthly from gold sales to Ecobank. Proceeds will fund mining development, including milling plant expansion and drilling equipment. The company operates in the mining industry and extracts mineral resources.