STOCK TITAN

Namib Minerals Reaffirms and Expands Collaboration with WSP for Feasibility Studies to Advance Expansion Plans

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
partnership

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.

Namib Minerals (Nasdaq: NAMM) ha annunciato il 9 ottobre 2025 che ha riaffermato e ampliato il proprio impegno con la società di servizi professionali WSP per condurre studi di fattibilità completi per gli asset minerari d'oro Redwing e Mazowe in Zimbabwe.

L'azienda ha detto che WSP sfrutterà l'esperienza pregressa con tali asset per fornire intuizioni strategiche volte ad accelerare i piani di sviluppo, avanzare gli obiettivi di espansione e aiutare a portare le operazioni a piena capacità, sostenendo una strategia di crescita sostenibile nella produzione di oro e minerali critici.

Namib Minerals (Nasdaq: NAMM) anunció el 9 de octubre de 2025 que ha reafirmado y ampliado su compromiso con la firma de servicios profesionales WSP para realizar estudios de viabilidad integrales para los activos mineros de oro Redwing y Mazowe en Zimbabue.

La empresa dijo que WSP aprovechará la experiencia previa con estos activos para proporcionar ideas estratégicas destinadas a acelerar los planes de desarrollo, avanzar en los objetivos de expansión y ayudar a llevar las operaciones a su plena capacidad, apoyando una estrategia de crecimiento sostenible en la producción de oro y minerales críticos.

Namib Minerals (Nasdaq: NAMM)2025년 10월 9일에 자사의 전문 서비스 회사 WSP와의 협력을 재확인하고 확장했다고 발표했습니다. 이는 짐바브웨의 RedwingMazowe 금광 자산에 대한 포괄적 타당성 조사를 수행하기 위한 것입니다.

회사는 WSP가 이 자산들에 대한 이전 경험을 활용해 개발 계획의 가속화, 확장 목표의 진전에 도움을 주고 운영을 최대 용량으로 끌어올리는 동시에 금과 중요한 광물 생산의 지속 가능한 성장 전략을 지원하는 전략적 통찰력을 제공할 것이라고 밝혔습니다.

Namib Minerals (Nasdaq : NAMM) a annoncé le 9 octobre 2025 avoir réaffirmé et élargi son engagement auprès du cabinet de services professionnels WSP afin de réaliser des études de faisabilité approfondies pour les actifs miniers d'or Redwing et Mazowe au Zimbabwe.

L'entreprise a indiqué que WSP s'appuiera sur l'expérience préalable avec ces actifs pour fournir des informations stratégiques visant à accélérer les plans de développement, faire progresser les objectifs d'expansion et aider à porter les opérations à pleine capacité, tout en soutenant une stratégie de croissance durable dans la production d'or et de minéraux critiques.

Namib Minerals (Nasdaq: NAMM) gab am 9. Oktober 2025 bekannt, dass es seine Zusammenarbeit mit dem professionellen Dienstleistungsunternehmen WSP bekräftigt und ausgebaut hat, um umfassende Machbarkeitsstudien für die Goldabbau-Assets Redwing und Mazowe in Simbabwe durchzuführen.

Das Unternehmen sagte, WSP werde frühere Erfahrungen mit diesen Assets nutzen, um strategische Einblicke zu liefern, die darauf abzielen, Entwicklungspläne zu beschleunigen, Expansionsziele voranzutreiben und den Betrieb auf volle Kapazität zu bringen, während eine Strategie nachhaltigen Wachstums in Gold- und kritischen Mineralienproduktionen unterstützt werde.

Namib Minerals (Nasdaq: NAMM) أعلنت في 9 أكتوبر 2025 أنها أكّدت وعززت تعاقدها مع شركة WSP للخدمات المهنية لإجراء دراسات جدوى شاملة لأصول منجمي الذهب Redwing وMazowe في زيمبابوي.

قالت الشركة إن WSP ستستفيد من خبرتها السابقة مع هذه الأصول لتقديم رؤى استراتيجية تهدف إلى تسريع خطط التطوير، وتقدم أهداف التوسع، والمساعدة في رفع العمليات إلى طاقتها الكاملة مع دعم استراتيجية النمو المستدام في إنتاج الذهب والمعادن الحيوية.

Namib Minerals(纳斯达克股票代码:NAMM)2025年10月9日宣布重申并扩大与专业服务公司WSP的合作,以对津巴布韦的RedwingMazowe金矿资产进行全面可行性研究。

公司表示,WSP将利用此前在这些资产上的经验,提供战略洞见,旨在加速开发计划、推进扩张目标,并帮助使运营达到满负荷产能,同时支持金矿及关键矿产生产的可持续增长战略。

Positive
  • None.
Negative
  • None.

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?

Namib Minerals announced it renewed and expanded an engagement with WSP to run feasibility studies for the Redwing and Mazowe gold assets.

Which assets will WSP study for Namib Minerals (NAMM)?

WSP will conduct comprehensive feasibility studies for the Redwing and Mazowe gold mining assets in Zimbabwe.

How will the WSP feasibility studies affect Namib Minerals’ (NAMM) expansion plans?

The studies are intended to provide strategic insights to accelerate development plans and support efforts to bring operations to full capacity.

Does the announcement state a timeline or cost for the WSP feasibility studies for NAMM?

No; the announcement confirms the engagement and scope but does not disclose timelines or costs.

What is the strategic goal Namib Minerals (NAMM) cites for re-engaging WSP?

The company said the engagement aims to unlock the full potential of its mines and support sustainable growth in gold and critical minerals production.

Where can investors find more details about Namib Minerals’ (NAMM) WSP engagement?

Investors should refer to Namib Minerals’ public disclosures and investor relations materials for further details, as the announcement summarizes the engagement without detailed terms.
Hennessy Capital

NASDAQ:NAMM

NAMM Rankings

NAMM Latest News

NAMM Latest SEC Filings

NAMM Stock Data

167.47M
2.52M
94.2%
5.22%
0.26%
Gold
Basic Materials
Link
Cayman Islands
Grand Cayman