Namib Minerals Receives Nasdaq Notification Regarding Minimum Market Value of Publicly Held Shares Requirement

Core Viewpoint - Namib Minerals has received a notification from Nasdaq regarding non-compliance with the minimum market value of publicly held shares requirement, which is set at $15,000,000 [1][2] Group 1: Compliance Notification - The Company was informed that from December 5, 2025, to January 20, 2026, its ordinary shares did not meet the minimum market value requirement for continued listing on Nasdaq [1] - The Company has until July 29, 2026, to regain compliance with the minimum market value requirement [2] - If the Company meets the requirement for at least ten consecutive business days during the compliance period, it will receive confirmation of compliance [2] Group 2: Listing Status and Trading - The notification does not have an immediate effect on the Company's Nasdaq listing or the trading of its ordinary shares and warrants [3] - During the compliance period, the ordinary shares will continue to trade on Nasdaq under the symbol "NAMM" [3] Group 3: Company Overview - Namib Minerals is a gold producer, developer, and explorer with operations primarily in Zimbabwe [3] - The Company operates the How Mine, an underground gold mine in Zimbabwe, and aims to restart two additional assets in Zimbabwe, along with exploration assets in the DRC [3]