Bezant Resources

Namibian subsidiary Hope and Gorob Mining has signed an exclusive contract with Unitrans Namibia for mining and logistics services at the Hope-and-Gorob project. Unitrans will handle drilling, blasting, loading and haulage, road maintenance, short-term mine planning, and transport of copper-gold pre-concentrate to the NLZM processing plant. The initial term is five years with an optional three- to five-year extension, represents a significant portion of operating costs, and targets the start of commercial operations in the second half of 2026. » More on de.investing.com

Bezant Resources has signed a binding framework agreement for a senior secured prepayment facility of up to $7 million and an offtake agreement for 100% of the concentrate with a global commodity trader to finance the Hope-and-Gorob copper project in Namibia. The facility will be drawn in tranches, with an initial $3 million payment at signing and a further $4 million before commissioning, subject to conditions such as acquiring a 90% interest in Namib Lead and Zinc Mining, due diligence and final agreements. The funds are to be used for deposits for the processing plant and key components as well as for refurbishment and construction work on the mining site; the trader’s identity will be announced after contracts are signed. » More on de.investing.com