Namib Minerals (NAMM) AI Dilution Summary

Cash was $1,754,000 at the 2026-06-30 balance-sheet date. On 2026-07-31 the company drew a $5,000,000 net Ecobank Zimbabwe 36-month term loan, which is debt rather than equity. Dilution here is driven mainly by the Amended and Restated Promissory Note to Cohen & Company Securities, LLC, with $1,100,000 outstanding.