Namib Minerals Reaffirms and Expands Collaboration with WSP for Feasibility Studies to Advance Expansion Plans
Rhea-AI Summary
Namib Minerals (Nasdaq: NAMM) announced on October 9, 2025 that it has reaffirmed and expanded its engagement with professional services firm WSP to conduct comprehensive feasibility studies for the Redwing and Mazowe gold mining assets in Zimbabwe.
The company said WSP will leverage prior experience with these assets to provide strategic insights aimed at accelerating development plans, advancing expansion objectives, and helping bring operations to full capacity while supporting a strategy of sustainable growth in gold and critical minerals production.
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News Market Reaction
On the day this news was published, NAMM gained 1.60%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $168M at that time.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”), (Nasdaq: NAMM), an established African Gold producer with a portfolio of mining and exploration assets in Zimbabwe and the Democratic Republic of Congo, is pleased to announce that it has re-engaged WSP, one of the world’s leading professional services firms, to conduct comprehensive feasibility studies for the Company’s Redwing and Mazowe Gold mining assets in Zimbabwe.
Namib Minerals has renewed and expanded its engagement with WSP, recognizing the firm’s in-depth knowledge of the Company’s portfolio and operational context. Leveraging its prior experience with these assets, WSP will provide strategic insights to guide Namib Minerals in achieving its expansion objectives.
“This engagement builds on our strong relationship with WSP and reflects our commitment to unlocking the full potential of our mines,” said Ibrahima Sory Tall, CEO of Namib Minerals. “Their expertise and familiarity with our assets will help us accelerate our development plans and deliver long-term value to our stakeholders.”
The studies will serve as a critical step towards bringing Namib Minerals’ operations to full capacity and supporting the Company’s strategy of sustainable growth in Gold and Critical Minerals production.
About Namib Minerals
Namib Minerals (NASDAQ: NAMM) is a Gold producer, developer and explorer with operations focused in Zimbabwe. Namib Minerals is a significant player in Africa’s mining industry, driving sustainable growth and innovation across the sector. Currently Namib Minerals operates the How Mine, an underground Gold mine in Zimbabwe, and aims to restart two assets in Zimbabwe, with additional exploration assets in the DRC.
For additional information, please visit namibminerals.com.
Contacts:
Namib Minerals:
Lamiaa Maniar
VP of Communications
lmaniar@namibminerals.com
Investor Relations:
Alliance Advisors IR
NamibIR@allianceadvisors.com
No Offer or Solicitation
This press release shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction.
FAQ
What did Namib Minerals (NAMM) announce on October 9, 2025 about WSP?
Which assets will WSP study for Namib Minerals (NAMM)?
How will the WSP feasibility studies affect Namib Minerals’ (NAMM) expansion plans?
Does the announcement state a timeline or cost for the WSP feasibility studies for NAMM?
What is the strategic goal Namib Minerals (NAMM) cites for re-engaging WSP?
Where can investors find more details about Namib Minerals’ (NAMM) WSP engagement?
