SCHEDULE: Hennessy Capital Discloses 9% Stake in Namib Minerals

Sentiment:

Beneficial Ownership Report 14 November 2025 4:15 PM

Hennessy Capital entities and individuals report beneficial ownership of up to 9% of Namib Minerals' Ordinary Shares, including warrants.

Capital raiseHennessy Capital Partners VI LLC has the right to acquire 2,359,217 Ordinary Shares upon exercise of warrants at a price of $11.50 per share.Hennessy Capital Group LLC has the right to acquire an additional 100,000 Ordinary Shares upon exercise of warrants.The exercise of these warrants would result in the issuance of new shares, representing a potential capital inflow for Namib Minerals.

Summary

Hennessy Capital Partners VI LLC, Hennessy Capital Group LLC, Daniel J. Hennessy, and Thomas D. Hennessy (collectively, the "Reporting Persons") have filed an amended Schedule 13G for Namib Minerals.
Hennessy Capital Partners VI LLC beneficially owns 4,954,217 Ordinary Shares, representing 8.8% of the class.
This ownership for Hennessy Capital Partners VI LLC includes 2,595,000 directly held Ordinary Shares and 2,359,217 Ordinary Shares acquirable upon exercise of warrants at $11.50 per share.
Hennessy Capital Group LLC, Daniel J. Hennessy, and Thomas D. Hennessy each beneficially own 5,054,217 Ordinary Shares, representing 9.0% of the class.
Their ownership includes the shares held by Hennessy Capital Partners VI LLC, plus an additional 100,000 Ordinary Shares Hennessy Capital Group LLC has the right to acquire via warrants.
The percentages are calculated based on 53,677,429 Ordinary Shares outstanding as of September 30, 2025, plus the shares underlying the warrants held by the respective reporting persons.
The Reporting Persons share both voting and dispositive power over their reported shares.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: The disclosure of a significant ownership stake (9%) by a group of related entities and individuals could signal confidence or potential influence over company decisions.
Company Management: Awareness of a significant shareholder group may influence strategic considerations.

Key Dates

Date	Description
2025-09-30	Date of event requiring the filing of this statement; also the date for outstanding shares calculation.
2025-11-14	Date of signing the Schedule 13G filing.

Keywords

Namib Minerals, Hennessy Capital, beneficial ownership, Schedule 13G, Ordinary Shares, warrants, institutional ownership, SEC filing, equity stake

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