Diversified miner Namib Minerals, Greenstone Corporation – a subsidiary of Namib – and Nasdaq-listed Hennessy Capital Investment Corporation VI (HCVI) – a special purpose acquisition company – have completed their business combination.

The business combination was approved by HCVI stockholders at a special meeting on May 6.

Namib says its ordinary shares and warrants are expected to begin trading on the Nasdaq Stock Market under the ticker symbols ‘NAMM’ and ‘NAMMW,’ respectively, on or about June 6.

“Today is an important milestone in Namib Minerals’ journey. Becoming a publicly listed company positions us to accelerate development across our portfolio and deepen our role in the future of African mining.

“We are excited to continue the momentum as we advance our mining platform, create lasting value for our stakeholders, and shape Africa’s future with gold and green minerals, marking a new era of resource discovery,” says Namib CEO Ibrahima Tall.

Namib’s record of owning and operating gold mines spans over two decades and its strategic footprint consists of one producing gold mine and two historically producing gold mines that Namib is currently positioning to restart.

Namib’s How mine, in Zimbabwe, is an established, high-grade, underground gold mine with a strong record of operations, having produced about 1.82-million ounces of gold from 1941 through to December 31, 2024.

Namib says How also has a history of consistently operating within budget with one of the lowest production cost profiles among its publicly reporting peers.

Namib’s other principal assets, Mazowe mine and Redwing mine, are also historically producing gold mines with significant mineral resources.

The company says these assets provide Namib with an identified pathway to operate as a multi-asset gold producer in Africa, as preparatory work is currently under way to restart operations at both mines.

In the Democratic Republic of Congo, an established mining jurisdiction for these metals, Namib says it has an interest in 13 exploration permits, which includes six initial drill holes with identified copper and cobalt potential.

“We are excited to see this merger successfully realized and congratulate Namib on this milestone,” says HCVI chairperson and CEO Daniel J Hennessy.

“As a public company, Namib is well-positioned to further expand its mining assets and explore strategic investments to complete its growth plans and create significant and sustained value for all stakeholders.”

Cohen & Company Capital Markets, a division of JVB. Financial Group is serving as exclusive financial adviser and lead capital markets adviser; Greenberg Traurig is serving as US legal adviser; Appleby (Cayman) is serving as Cayman Islands’ legal adviser; and Alliance Advisors Investor Relations is serving as investor relations adviser to Namib.

Jett Capital Advisors, is serving as exclusive financial adviser, and Sidley Austin is serving as legal adviser to HCVI.