Business
Namib Minerals and Hennessy Capital Investment Corp. VI Announce Closing of Business Combination
- Namib Expected to Trade Under Ticker “NAMM” on Nasdaq on or About Friday, June 6, 2025, becoming the largest African company to go public through SPAC - - Transaction strengthens Namib Minerals’ position as a leading gold and green minerals company in sub-Saharan Africa - New York, New York, June 05, 2025 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib”), Greenstone Corporation (“Greenstone”), a subsidiary of Namib and an established African gold producer with an attractive portfolio of mining and
About this update from Namib Minerals
[{"type":"text","content":"- Namib Expected to Trade Under Ticker “NAMM” on Nasdaq on or About Friday, June 6, 2025, becoming the largest African company to go public through SPAC - - Transaction strengthens Namib Minerals’ position as a leading gold and green minerals company in sub-Saharan Africa -","length":275,"tagName":"p"},{"type":"text","content":"New York, New York, June 05, 2025 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib”), Greenstone Corporation (“Greenstone”), a subsidiary of Namib and an established African gold producer with an attractive portfolio of mining and exploration assets in Zimbabwe and the Democratic Republic of Congo (“DRC”), and Hennessy Capital Investment Corp. VI (“HCVI”) (OTC: HCVI, HCVIU, HCVIW), a special purpose acquisition company, today announced the completion of their business combination (the “Business Combination”). The Business Combination was approved by HCVI stockholders at a special meeting held on May 6, 2025. Namib’s ordinary shares and warrants are expected to commence trading on the Nasdaq Stock Market under the ticker symbols “NAMM” and “NAMMW,” respectively, on or about June 6, 2025.","length":792,"tagName":"p"},{"type":"text","content":"Ibrahima Tall, Chief Executive Officer of Namib said, “Today is an important milestone in Namib Minerals’ journey. Becoming a publicly listed company positions us to accelerate development across our portfolio and deepen our role in the future of African mining. We are excited to continue the momentum as we advance our mining platform, create lasting value for our stakeholders, and shape Africa’s future with gold and green minerals, marking a new era of resource discovery.”","length":478,"tagName":"p"},{"type":"text","content":"Namib’s historical track record of owning and operating gold mines spans over two decades, and its strategic footprint consists of one producing gold mine and two historically producing gold mines that Namib is currently positioning to restart operations. Namib’s How Mine is an established, high-grade, underground gold mine with a strong track record of operations having produced an aggregate of approximately 1.82Moz of gold from 1941 through December 31, 2024. How Mine also has a history of consistently operating within budget with one of the lowest production cost profiles amongst its publicly reporting peers. Namib’s other principal assets, Mazowe ...