From GlobeNewswire: 2024-06-18 07:30:00

Namib Minerals, an African gold producer, is set to combine with Hennessy Capital Investment Corp. VI in a business combination agreement valued at $500 million. This move will help Namib expand its mining operations in Zimbabwe and the Democratic Republic of the Congo. Namib, led by CEO Ibrahima Tall, aims to create a multi-asset, multi-jurisdiction platform through gold mine restarts and battery metal development. The Proposed Business Combination is expected to deliver net proceeds of approximately $91 million to Namib, marking the largest African deSPAC to date. The transaction is set to close in the fourth quarter of 2024 pending regulatory and stockholder approvals.



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