Welcome to our dedicated page for Namib Minerals SEC filings (Ticker: NAMMW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page is intended to provide access to U.S. Securities and Exchange Commission (SEC) filings related to Namib Minerals (warrants trading under NAMMW), once such documents become available. Namib Minerals is described as a gold producer, developer and explorer with operations focused in Zimbabwe and exploration interests in the Democratic Republic of Congo.
Public information notes that Namib completed a business combination with Hennessy Capital Investment Corp. VI, a special purpose acquisition company, with Namib’s ordinary shares and warrants expected to trade on the Nasdaq Stock Market under the symbols NAMM and NAMMW. When filed, SEC documents associated with this listing and transaction, such as registration statements and proxy materials, can provide detailed information about the business combination structure, risk factors and the company’s asset base.
Over time, investors typically look to SEC filings such as annual reports on Form 10-K or Form 20-F, quarterly reports on Form 10-Q (if applicable), and current reports on Form 8-K for updates on operations, mine development, exploration activities and material events. For a company like Namib Minerals, these filings can discuss its underground gold mine in Zimbabwe, historically producing mines being prepared for restart, and exploration permits in the DRC with copper and cobalt potential, as described in public statements.
Stock Titan’s platform is designed to surface SEC filings in real time as they are released on EDGAR and to pair them with AI-generated summaries. These summaries aim to explain the key points of lengthy documents, highlight important risk disclosures and help users navigate complex information about Namib Minerals’ business, capital structure and corporate transactions without reading every page manually.
Namib Minerals reported full-year 2025 results showing resilient profitability despite lower gold production and revenue. The company produced about 25,000 ounces of gold and generated $82.6 million of revenue versus $85.9 million in 2024. Adjusted EBITDA rose 18% to $29.0 million, and operating cash flow was $13.8 million.
Reported profit jumped to $101.2 million, mainly from large non-cash gains on revaluing earnout and warrant liabilities, partly offset by one-time listing expenses. Production costs fell to about $37 million, but C1 cash costs increased to $1,653 per ounce because volumes were lower.
The How Mine remains the core asset, with a mill expansion from 40,500 to 55,000 tonnes per month expected online in the second half of 2026. Redwing Mine restart work is progressing, with an eight-month dewatering program underway. Total assets increased to $62.8 million, and net debt was about $3.3 million.
For 2026, guidance at How Mine calls for 28,000–31,500 ounces of gold production, AISC of $2,400–$2,700 per ounce, and adjusted EBITDA of $50–62 million, based on a gold price of $4,500 per ounce. Leadership changes include the appointment of Tulani Sikwila as CEO, additions to the technical team, and the resignation of director Molly P. Zhang.
Namib Minerals files its Form 20-F annual report describing its Zimbabwe-focused gold mining business, recent SPAC-related restructuring and extensive operational risks. The company operates How Mine and plans to restart Mazowe and Redwing, which have been on care and maintenance since 2018–2019.
Management highlights large capital needs to rehabilitate Mazowe and Redwing, including dewatering, infrastructure upgrades and new feasibility studies. As of December 31, 2025, Namib Minerals held cash and cash equivalents of $1.9 million and had negative working capital of $(37.4) million, underscoring funding pressure.
The report details exposure to Zimbabwe- and DRC-specific political and economic risks, hyperinflation history and dependence on state-controlled buyer Fidelity for all gold sales, now paid roughly 70% in U.S. dollars and 30% in local currency. It also discusses mining hazards, past safety incidents, illegal mining, infrastructure constraints, regulatory uncertainty and complex legacy issues around prior ownership transfers and corporate rescue proceedings affecting key mines.
Namib Minerals director Tall Ibrahima Sory has filed an initial Form 3 reporting his beneficial ownership of Namib Minerals Ordinary Shares. He reports indirect ownership of 1,954,798 Ordinary Shares held by the South Rivers Foundation, over which he has voting and dispositive power. He also reports 174,336 Ordinary Shares tied to time-based RSUs granted in December 2025, which fully vested on March 13, 2026 under a settlement agreement, and 255,722 additional Ordinary Shares to be issued as part of that same settlement agreement.
Namib Minerals director Martins Junior Tito Botelho has filed an initial statement of ownership showing a compensation award of restricted stock units. The filing reports 38,344 time-based RSUs granted in October 2025 under the company’s equity incentive plan, vesting in April 2026 if he remains employed through that date.
The footnote explains that these RSUs will vest immediately if certain changes of control occur at Namib Minerals. The entry is recorded as a direct holding of ordinary shares for reporting purposes, and reflects an existing award rather than a new market purchase or sale.
Namib Minerals announced a leadership change as its Chief Executive Officer, Ibrahima Tall, resigned effective March 13, 2026, while remaining on the board. The company stated that his decision did not involve any disagreement with the board or management, operations, policies or practices.
Under a settlement agreement, Mr. Tall will receive a cash payment of $834,416.50 and an equivalent value in ordinary shares based on the 10-day VWAP, resulting in 255,722 shares, and all of his outstanding Restricted Stock Units vested on March 13, 2026. The Board appointed Tulani Sikwila, already Chief Financial Officer, to serve concurrently as Chief Executive Officer from the same date.
Namib Minerals has regained full compliance with Nasdaq listing rules, meaning its ordinary shares will continue trading on the Nasdaq Global Market. The company had fallen out of compliance with Nasdaq’s minimum market value of publicly held shares requirement of $15,000,000 under Listing Rule 5450(b)(2)(C).
Nasdaq notified the company on February 18, 2026 that it had maintained the required market value for more than ten consecutive trading days, resolving the issue and closing the matter. Namib Minerals emphasizes that future compliance with Nasdaq requirements remains subject to risks and uncertainties described in its SEC filings.
Namib Minerals (f/k/a Hennessy Capital Investment Corp VI) had a Schedule 13G reported by Polar Asset Management Partners Inc. The filing discloses beneficial ownership of 1,581,054 shares, including the exercise of warrants, representing 2.9% of the company’s ordinary shares. Polar reports sole voting and dispositive power over these shares and identifies itself as an investment adviser.
The statement notes the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The shares are directly held by Polar Multi-Strategy Master Fund, for which Polar serves as investment adviser. No group affiliations or control transactions are reported.
Namib Minerals f/k/a Hennessy Capital Investment Corp. VI shows three AQR entities reporting beneficial ownership of 492,574 ordinary shares, equal to 0.91% of the class. The filing states the reported amount includes warrants representing 422,574 ordinary shares. The AQR filers—AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC—report shared voting and shared dispositive power over the 492,574 shares and report no sole voting or sole dispositive power.
The position is reported under Schedule 13G for holdings of 5% or less and is classified in the filing as investment-adviser/holding-company types. The filing also certifies the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.