Bezant Resources (AIM:BZT) completed on 10 June definitive documentation for a US$7 million secured and convertible finance facility and an offtake agreement with Hartree Metals LLC.
The facility will fund construction of the Hope & Gorob mine site and commissioning activities at the NLZM Processing Plant, giving Bezant, the developer of the Hope & Gorob copper project in Namibia, immediate funding ahead of first concentrate production.
Under the commercial terms Hartree Metals will provide the prepayment facility and will purchase 100% of the copper concentrates produced for the life of the operation on normal market terms.
Bezant’s implementation splits work across two sites, with run-of-mine ore crushed and waste separated by multi-sensor dry ore sorting at the Hope & Gorob mine and an existing flotation plant at NLZM being repurposed to produce export concentrate.
First concentrate production is scheduled for the third quarter of 2026, with monthly shipments expected to scale progressively as operations ramp and exports routed via Walvis Bay, roughly 60 km from the NLZM Processing Plant.
