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# Namibian Copper Producer Bezant Resources Secures £4M Debt Facility for Hope & Gorob Expansion
- URL: https://www.africainvestorreview.com/namibian-copper-producer-bezant-resources-secures-4m-debt-facility-for-hope-gorob-expansion/
- Published: 2026-10-25T18:07:26.000Z
- Updated: 2026-10-25T18:07:26.000Z
- Description: The AIM-listed mining firm secures non-convertible debt financing from US-based YA II PN Ltd as copper concentrate production begins at its Namibian asset ahead of a November 2026 maiden shipment.
- Author: Charles S.
- Tags: Macro & Markets, Debt & Financing, Southern Africa

**ERONGO & LONDON** — AIM-listed copper-gold exploration and development company [**Bezant Resources Plc**](https://www.linkedin.com/company/bezant-resources-plc/about/?ref=africainvestorreview.com)(AIM: BZT) has entered into an agreement with US-based institutional investor **YA II PN Ltd** (managed by Yorkville Advisors Global, LP) for a **£4.0 million.**

The facility will be drawn down in full to support operational expansion and fund working capital as the company prepares to initiate regular commercial copper concentrate sales from its flagship **Hope & Gorob Copper-Gold Project** in Central Namibia.

## Facility Terms & Capital Structure

The financing provides working capital while avoiding immediate discounted equity dilution:

- **Facility Structure:** Unsecured, non-convertible debt facility carrying an annual interest rate of **5%**.
- **Amortization Schedule:** Repayable in **10 equal monthly installments of £400,000** plus accrued interest,commencing on January 15, 2027, and maturing on October 15, 2027.
- **Warrants Issuance:** In connection with the facility, the lender will receive three-year warrants with an aggregate subscription value of **£3.0 million**, exercisable at **0.16 pence per share**.
- **Repayment Plan:** Bezant anticipates servicing the debt through operational cash flows generated from ongoing concentrate off-take and potential exercise of in-the-money warrants.

## Operational Scale & Asset Backlog

The capital injection coincides with key operational milestones at the Namibian production site:

- **Production Status:** Copper concentrate production is now underway at the Hope & Gorob mine, with the first commercial shipment scheduled for **November 2026**.
- **Asset Location & Ownership:** Located within the Matchless Copper Belt in Namibia's Erongo region, Bezant holds a **90% interest** in the project.
- **Processing Infrastructure:** Run-of-mine (ROM) ore undergoes on-site ore sorting before transportation to the Tsoaxaub Metals flotation facility for processing into copper-gold concentrate.
- **Long-Term Production Target:** Planned expansion phases aim to scale the project toward a minimum annual production capacity of **25,000 tonnes of contained copper**.

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