Midas Gains Final Regulatory Clearance for Otavi Copper Project in Namibia.

Midas Minerals Ltd (ASX: MM1) has received unconditional approval from the Namibian Competition Commission (NaCC) for its acquisition of the Otavi Copper Project, completing the final step toward closing the deal. The transaction is expected to be finalized in November 2025, after which drilling will commence in the fourth quarter of 2025. The company plans to deploy four rigs to advance exploration across the expansive 1,776km² project area, which contains multiple promising copper deposits, including T13 and Deblin.

Strengthened by an AU$11.5 million placement, Midas holds around AU$15.3 million in cash as of 30 September 2025, supporting its aggressive drilling and development plans. The Otavi Project acquisition adds a major growth opportunity in one of Namibia’s most prospective copper regions, positioning Midas for strong exploration momentum alongside its established gold and lithium assets in Australia and Canada.

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