**Summary**
Bezant Resources PLC announced on October 31, 2025, that it has secured a conditional prepayment facility of up to USD 7 million and a life-of-mine concentrate offtake agreement with a globally recognized commodities trading company. These agreements are intended to support the development of the Hope and Gorob copper project in Namibia. The financing is structured as a senior secured facility, with an initial advance of USD 3 million at closing and the remaining USD 4 million to be disbursed in tranches based on agreed conditions. The offtake agreement covers 100% of the projects concentrate production at competitive rates.
The agreements are contingent on the completion of Bezants acquisition of a 90% stake in Namib Lead and Zinc Mining (Proprietary) Limited (NLZM), standard due diligence, and the execution of definitive agreements. The financiers identity will be disclosed upon signing the final agreements.
Colin Bird, Executive Chairman of Bezant, highlighted that the financing framework aligns with the projects development schedule and will fund critical aspects such as the NLZM processing plant downpayment and supplier deposits for plant upgrades and mine site infrastructure.
The announcement includes forward-looking statements and a disclaimer regarding the responsibilities of Beaumont Cornish, the Companys Nominated Adviser, and compliance with regulatory requirements. The information was disseminated via RNS, the London Stock Exchanges news service.