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Namib Minerals will list on NASDAQ through a $500 million merger with Hennessy Capital Investment Corp. VI, expected to close in early 2025.
The deal, valuing the entity at $609 million, will fund operations at Zimbabwe’s How Mine and restart Mazowe and Redwing mines, which boast over 3.7 million ounces in gold resources.
The How Mine, a key asset, has generated $107 million since 2023. Namib is also expanding into battery metals with copper and cobalt projects in the Democratic Republic of the Congo. The new entity will trade as NAMM.
