LE BRIEF

Namibia: Bezant secures a £4 million loan to support the Hope & Gorob production ramp-up

LE BRIEF • 2026-10-26

The financing is intended to support working capital ahead of initial commercial shipments expected in November. A target of 25,000 tonnes of contained copper a year remains an expansion ambition, not current production.

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LE BRIEF — Monday, 26 October 2026 edition By the LE BRIEF newsroom Country : Namibia Source publication : 23 October 2026 Event : Agreement completed on 22 October 2026; regulatory announcement on 23 October. Drilling in an arid area: illustrative photograph supplied for the Hope & Gorob story. The precise site has not been independently confirmed. Bezant Resources is adding working-capital headroom as its Namibian Hope & Gorob project enters a critical stage. On 23 October, the UK company announced a £4 million gross financing facility agreed with YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global. The facility is a non-convertible, unsecured loan repayable in cash. It is intended to support operations and development requirements during the copper-concentrate production ramp-up, before regular commercial revenues are established. Repayments linked to expected cash generation The announced terms include annual interest of 5% and ten monthly repayments of £400,000, plus interest. The first repayment is scheduled for January 2027. The gross facility amount should not be confused with a grant or revenue from copper sales. The structure provides financial flexibility but also creates a repayment obligation. Its sustainability will depend on cash availability and the pace at which production can be marketed. From first shipments to industrial ex...