Namib Minerals shares surge 15.48% after-hours on strategic partnership with BW Mining for How Mine sands retreatment.

Namib Minerals (NAMM) surged 15.48% in after-hours trading following the announcement of a strategic partnership with Bitumen World Mining to retreatment sands at How Mine in Zimbabwe. The collaboration, aimed at extracting additional gold from existing resources, is expected to boost EBITDA and enhance shareholder returns. The company highlighted mobilization of equipment and testing commencement, positioning the initiative as complementary to its capital projects. While forward-looking statements caution against uncertainties, the partnership signals operational progress and value creation, aligning with the sharp price increase. The second news item, unrelated to the company, was disregarded.