Namib Minerals Signs Indicative US$30 Million Ecobank Term Sheet for Redwing Mine

Namib Minerals has signed a nonbinding term sheet with Ecobank Zimbabwe Limited for a proposed $30 million loan facility over 36 months. The financing aims to support resource-definition and bankability programs at the Redwing Mine in Zimbabwe, focusing on hoist-related expenditures, milling plant maintenance, and further exploration drilling. The facility is subject to customary conditions and the execution of definitive documentation.