Namib Minerals (NAMM) director Tall Ibrahima Sory details initial share ownership

Rhea-AI Filing Summary

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.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Tall Ibrahima Sory

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 1,954,798 shares (Indirect, Held by the South Rivers Foundation); Ordinary Shares — 174,336 shares (Direct)

Footnotes (1)

1. Represents Ordinary Shares held by the South Rivers Foundation for which the reporting person has voting and dispositive power over. Represents Ordinary Shares to be received from an award granted in December 2025 under the Issuer's Equity Incentive Plan ("Incentive Plan") of 174,336 time-based restricted stock units ("RSUs"), half of which were to vest in December 2026 and the remaining half was to vest in December 2027. Pursuant to a settlement agreement with the issuer (the "settlement agreement"), all of the 174,336 RSUs vested immediately as of March 13, 2026. Represents Ordinary Shares to be issued as part of the settlement agreement.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Tall Ibrahima Sory

(Last) (First) (Middle)

STE 210 WINWARD III REGATTA OFFICE PARK

(Street)

GRAND CAYMAN KY1-1106

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Namib Minerals [ NAMM ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	1,954,798(1)	I	Held by the South Rivers Foundation(1)
Ordinary Shares	174,336(2)	D
Ordinary Shares	255,722(3)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Ordinary Shares held by the South Rivers Foundation for which the reporting person has voting and dispositive power over.

2. Represents Ordinary Shares to be received from an award granted in December 2025 under the Issuer's Equity Incentive Plan ("Incentive Plan") of 174,336 time-based restricted stock units ("RSUs"), half of which were to vest in December 2026 and the remaining half was to vest in December 2027. Pursuant to a settlement agreement with the issuer (the "settlement agreement"), all of the 174,336 RSUs vested immediately as of March 13, 2026.

3. Represents Ordinary Shares to be issued as part of the settlement agreement.

	/s/ Ibrahima Tall	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Namib Minerals (NAMM) director Tall Ibrahima Sory report on this Form 3?

He reports his initial beneficial ownership of Namib Minerals Ordinary Shares. This includes indirect holdings through the South Rivers Foundation and shares linked to vested RSUs and a settlement agreement, establishing his equity exposure as a director at the time of the filing.

How many Namib Minerals shares does the South Rivers Foundation hold for Tall Ibrahima Sory?

The South Rivers Foundation holds 1,954,798 Namib Minerals Ordinary Shares. Footnotes state the reporting person has voting and dispositive power over these shares, meaning he controls how they are voted and whether they are sold or retained.

What are the 174,336 Namib Minerals RSU-related shares reported on the Form 3?

The 174,336 shares arise from time-based RSUs granted in December 2025 under Namib Minerals’ equity incentive plan. These RSUs were scheduled to vest in two tranches in 2026 and 2027 but instead fully vested immediately on March 13, 2026 under a settlement agreement.

What is the 255,722-share position Namib Minerals reports for Tall Ibrahima Sory?

The 255,722 Ordinary Shares are to be issued as part of a settlement agreement with Namib Minerals. This reflects an additional equity component linked to the settlement, separate from the vested RSUs, and will increase his direct share position when issued.

Does this Namib Minerals (NAMM) Form 3 show any insider buying or selling activity?

The Form 3 functions as an initial ownership report and does not show buy or sell transactions. It lists existing and settlement-related share positions, including indirect holdings through the South Rivers Foundation and shares associated with RSUs and a settlement agreement.

How is Tall Ibrahima Sory’s ownership in Namib Minerals structured between direct and indirect holdings?

His reported holdings include 1,954,798 shares held indirectly through the South Rivers Foundation and two direct positions of 174,336 and 255,722 shares. The direct positions relate to vested RSUs and shares to be issued under a settlement agreement with Namib Minerals.