Namib Minerals has amended its existing $3.5 million promissory note agreement with Cohen & Company Securities. Under the revised terms, Namib Minerals will make monthly payments over 12 months, which can be settled in either cash or company shares. The amendment also sets a limit on the number of shares that may be issued without shareholder approval and provides Cohen with rights to resell any shares received as payment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Namib Minerals published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-119650), on December 09, 2025, and is solely responsible for the information contained therein.