Shares of Namib Minerals (NASDAQ: NAMM) experienced a sharp upswing on Friday after the company released its latest corporate update. As of the most recent check, NAMM stock climbed 13.64% to trade at $4.50.
Following its successful business combination with Hennessy Capital Investment Corp. VI and its initial listing on the Nasdaq Stock Exchange with the ticker NAMM, the surge took place. The business also commemorated the milestone by ringing the Closing Bell at Nasdaq on July 25, 2025.
Strategic Milestone and Vision for Growth
More than just a structural change, the company combination supports Namib Minerals’ goal of becoming a major multi-asset producer of green and gold minerals. The deal opens doors for strategic alliances, which helps the business realize its goal of making Africa a major worldwide center for mineral production.
Strong Asset Base Anchored by How Mine
Namib Minerals’ operations are underpinned by a portfolio of revenue-generating assets. Its main project, the How Mine in Zimbabwe, is an underground gold mine that is fully producing. In 2024, it produced 36.6 koz of gold and brought in around US$86 million. The firm has created infrastructure and demonstrated operating capacity, and it expects to expand production in the future, provided it receives adequate finance.
Complementing How Mine, restart initiatives for the Mazowe and Redwing mines are progressing. Enabling works are underway, with Redwing’s dewatering expected to commence this fiscal year, while infrastructure upgrades continue at Mazowe.
Robust Reserves and Exploration Expansion
The total gold assets held by Namib Minerals as of December 31, 2023, are 1.6 moz of gold in measured and indicated reserves with an average grade of 3.92 g/t Au and 2.4 moz in inferred resources with an average grade of 3.57 g/t Au. In order to increase reserves and resources and provide the technological foundation for future production development, the firm is completing feasibility studies.
Furthermore, Namib Minerals has 13 permits in the Democratic Republic of the Congo for exploration aimed at copper and cobalt, two essential minerals for the world’s energy transition.
Dedication to Operational Excellence and Sustainability
With its ISO 14001, 9001, and 45001 certifications, Namib Minerals guarantees that strict guidelines for quality, occupational safety, and environmental management are followed. Through cooperation with regional governments and communities, the company’s Operational Excellence framework places a strong emphasis on sustainability, environmental stewardship, and shared prosperity.
