Namib Minerals Receives Nasdaq Notification for MVPHS Non-Compliance Requirement

Namib Minerals received a letter from Nasdaq stating that the company's ordinary shares did not meet the minimum market value of publicly held shares requirement of $15,000,000 during a specific period. The company has 180 calendar days to regain compliance with the rule, and if successful, will receive written confirmation of compliance. Failure to comply will result in delisting, but the company can apply to transfer to the Nasdaq Capital Market.