Namib Minerals Regains Compliance with Nasdaq Listing Rules

Rhea-AI Summary

Namib Minerals (Nasdaq: NAMM) announced it has regained compliance with Nasdaq Listing Rule 5450(b)(2)(C) on February 18, 2026. The company met the $15,000,000 MVPHS requirement by maintaining that market value for at least 10 consecutive trading days.

As a result, Namib Minerals is in compliance with all applicable Nasdaq listing standards and its ordinary shares will remain listed on the Nasdaq Global Market.

Positive

• Regained Nasdaq compliance on February 18, 2026
• Maintained required $15,000,000 MVPHS for 10 days
• Ordinary shares remain listed on the Nasdaq Global Market

Negative

• Received non‑compliance notice on January 30, 2026
• Prior MVPHS shortfall indicated market‑value vulnerability

Key Figures

MVPHS requirement: $15,000,000 Compliance period length: 10 consecutive trading days Nasdaq non-compliance notice date: January 30, 2026 +1 more

4 metrics

MVPHS requirement $15,000,000 Nasdaq Listing Rule 5450(b)(2)(C) minimum market value of publicly held shares

Compliance period length 10 consecutive trading days Required period maintaining MVPHS ≥ $15,000,000 to regain compliance

Nasdaq non-compliance notice date January 30, 2026 Date Nasdaq notified company of MVPHS deficiency

Compliance confirmation date February 18, 2026 Date Nasdaq confirmed Namib Minerals regained compliance

Market Reality Check

Price: $2.64 Vol: Volume 4,084,367 vs 20-da...

low vol

$2.64 Last Close

Volume Volume 4,084,367 vs 20-day average 19,175,586 (relative volume 0.21x). low

Technical Price $2.64 trading below 200-day MA at $4.22.

Peers on Argus

NAMM up 29.55% with sector momentum flagged: 2 peers (e.g., USAU, BGL) also movi...

2 Up

NAMM up 29.55% with sector momentum flagged: 2 peers (e.g., USAU, BGL) also moving up (median move around 10.0%) without stock-specific news, suggesting broader Basic Materials/Gold strength alongside this compliance update.

Historical Context

5 past events · Latest: Feb 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 12	Redwing dewatering	Positive	-14.2%	Start of Redwing Mine dewatering to support feasibility and restart work.
Feb 05	Nasdaq deficiency	Negative	-16.9%	Nasdaq notice for failing minimum MVPHS listing requirement and compliance timeline.
Dec 15	Operational update	Positive	-5.1%	Reported improved stability, cost reductions and strong safety performance.
Nov 24	Business update	Positive	-10.7%	Outlined growth steps toward becoming multi-asset mid-tier gold producer.
Nov 20	Update call scheduled	Neutral	-1.1%	Announced upcoming webcast and conference call to review developments.

Pattern Detected

Recent news, even when operationally positive, often coincided with negative 24h price reactions, indicating a pattern of selling into announcements.

Recent Company History

Over the last few months, Namib Minerals has focused on operational progress and strategic growth. A Nov 24, 2025 business update outlined plans to expand How Mine capacity and advance Redwing and Mazowe studies, followed by a Dec 15, 2025 operational update highlighting lower AISC. In early Feb 2026, Nasdaq notified the company of a minimum MVPHS deficiency, then on Feb 12, 2026 Namib reported dewatering progress at Redwing. Today’s notice that Nasdaq compliance has been regained directly follows that earlier deficiency notice and closes that specific listing risk.

Market Pulse Summary

This announcement confirms Namib Minerals has regained compliance with Nasdaq’s minimum MVPHS requir...

Analysis

This announcement confirms Namib Minerals has regained compliance with Nasdaq’s minimum MVPHS requirement, removing the specific listing deficiency disclosed in late January. It follows a period of operational updates, including Redwing dewatering progress and growth plans toward mid-tier producer status. Investors may focus on how sustained market value, upcoming feasibility studies, and funding structures evolve. Key future markers include adherence to listing standards and delivery against stated mine expansion and restart timelines.

Key Terms

market value of publicly held shares, Nasdaq Global Market, ordinary shares

3 terms

market value of publicly held shares financial

"not in compliance with the MVPHS requirement because its ordinary shares had failed to maintain an MVPHS of at least $15,000,000"

The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.

Nasdaq Global Market regulatory

"its ordinary shares will continue to be listed on the Nasdaq Global Market"

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

ordinary shares financial

"its ordinary shares had failed to maintain an MVPHS of at least $15,000,000"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

AI-generated analysis. Not financial advice.

NEW YORK, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”) (Nasdaq: NAMM) today announced that on February 18, 2026 the Company received a letter from the Nasdaq Stock Market LLC (”Nasdaq”) stating that the Company has regained compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C) (the “Rule”).  Accordingly, the Company is now in compliance with all applicable listing standards, and its ordinary shares will continue to be listed on the Nasdaq Global Market.

The Company was previously notified by Nasdaq on January 30, 2026, that it was not in compliance with the MVPHS requirement because its ordinary shares had failed to maintain an MVPHS of at least $15,000,000 as required by the Rule.  In order to regain compliance with the Rule, the Company was required to maintain an MVPHS of $15,000,000 or more for at least 10 consecutive trading days, and Nasdaq determined that this requirement was met. 

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. For additional information, please visit namibminerals.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts contained in this update are forward-looking statements. Any statements that refer to estimates or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. Forward-looking statements include, without limitation, future compliance with Nasdaq requirements. The forward-looking statements are based on our current expectations and are inherently subject to uncertainties and changes in circumstance and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks and uncertainties. You should carefully consider the risks and uncertainties described in the filings we make with Securities and Exchange Commission. We caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made.

Contacts:

Investor Relations:
ir@namibminerals.com 

FAQ

What did Namib Minerals (NAMM) announce about Nasdaq compliance on February 18, 2026?

Namib Minerals announced it regained compliance with Nasdaq Listing Rule 5450(b)(2)(C) on February 18, 2026. According to the company, it met the $15,000,000 MVPHS threshold for at least 10 consecutive trading days, restoring compliance with all applicable Nasdaq listing standards.

How did Namib Minerals (NAMM) satisfy the MVPHS requirement to remain listed on Nasdaq?

The company satisfied the MVPHS requirement by maintaining at least $15,000,000 in public float for 10 consecutive trading days. According to the company, Nasdaq determined that the 10‑day condition was met, enabling continued listing on the Nasdaq Global Market.

When was Namib Minerals (NAMM) first notified of MVPHS non‑compliance by Nasdaq?

Namib Minerals was notified of non‑compliance on January 30, 2026. According to the company, that notice reflected a failure to maintain the required $15,000,000 MVPHS under Nasdaq Listing Rule 5450(b)(2)(C).

Does the February 18, 2026 notice affect Namib Minerals' Nasdaq listing status?

Yes. The February 18, 2026 notice confirms the company regained compliance and will remain listed on the Nasdaq Global Market. According to the company, all applicable Nasdaq listing standards are now met.

What is the MVPHS threshold Namib Minerals (NAMM) needed to meet for Nasdaq compliance?

The required MVPHS threshold was $15,000,000 under Nasdaq Listing Rule 5450(b)(2)(C). According to the company, maintaining that public float amount for 10 consecutive trading days restored compliance.