Exhibit 10.10

PROMISSORY NOTE

September 30, 2025

FOR VALUE RECEIVED, Namib Minerals, an exempted company limited by shares incorporated under the laws of the Cayman Islands (and any successor entity) (the “Borrower”), promises to pay to the order of Cohen & Company Securities, LLC ( “CCS”), at its office in New York, NY, or at such other place as the holder hereof may hereafter from time to time designate in writing, on November 1, 2026 (the “Maturity Date”), in lawful money of the United States of America, the principal sum of $3,500,000.00 (the “Principal Balance”). No interest shall accrue on the unpaid Principal Balance of this Note.

Reference is hereby made to that certain Engagement Letter dated as of February 5, 2024 by and between CCS and the Borrower (the “Sellside Engagement Letter”) and that certain Engagement Letter dated September 29, 2023 by and between CCS and the Hennessy Capital Investment Corp. VI (the “Buyside Engagement Letter” and together with the Sellside Engagement Letter, the “Engagement Letter”). In consideration of the covenants, agreements, and undertakings of the Borrower and CCS under this promissory note (this “Note”), effective as of the date hereof, CCS, on behalf of itself and its respective present and former parents, subsidiaries, affiliates, officers, directors, shareholders, members, successors, and assigns (collectively, “Releasors”) hereby releases, waives, and forever discharges the Borrower and its respective present and former, direct and indirect, parents, subsidiaries, affiliates, employees, officers, directors, shareholders, members, agents, representatives, permitted successors, and permitted assigns (collectively, “Releasees”) of and from any and all actions, causes of action, suits, losses, liabilities, rights, debts, dues, sums of money, accounts, reckonings, obligations, costs, expenses, liens, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands, of every kind and nature whatsoever, whether now known or unknown, foreseen or unforeseen, matured or unmatured, suspected or unsuspected, in law, admiralty, or equity, which any of such Releasors ever had, now have, or hereafter can, shall, or may have against any of such Releasees for, upon, or by reason of any matter, cause, or thing whatsoever arising out of or relating to Section 1 “Fees and Expenses” or Section 8 “Right of First Refusal” of the Sellside Engagement Letter and Section 1 “Fees and Expenses” of the Buyside Engagement Letter, under which sections of the Engagement Letter, for the avoidance of doubt, the Releasees shall have no further obligations. During the Term (as defined in the Sellside Engagement Letter) and for twelve (12) months thereafter, the Borrower shall evaluate in good faith the candidacy of CCS as the Borrower’s book-running lead managing or co-managing underwriter, book-running lead arranger or placement agent in connection with any “underwritten” Rule 144A offering, underwritten public offering (including, without limitation, for convertible securities and preferred stock) or private placement, or other financing that may be undertaken by the Borrower; provided that, however, for the avoidance of doubt, any engagement of CCS for any aforementioned role upon such evaluation shall be in the sole discretion of the Borrower.

All unpaid Principal Balance under this Note shall be due and payable on the Maturity Date unless earlier converted into Shares (as defined below) in accordance with the terms set forth herein or accelerated upon the occurrence of an Event of Default (as defined below). The Borrower may prepay this Note in whole or in part at any time or from time to time without penalty or premium by paying the unpaid Principal Balance, which prepayment may, in the Borrower’s sole discretion, be made in cash or by issuance of its ordinary shares (“Shares”) to CCS; provided, however, that such prepayment in Shares may only be made on or after the Initial Payment Due Date (as defined below) and if the Registration Statement is effective on the date of such issuance.

Whenever any payment to be made hereunder shall be due on a day that is not a Business Day (as defined below), such payment shall be made on the next succeeding Business Day. For purposes of this Note, “Business Day” means a day other than a Saturday, Sunday, or other day on which commercial banks in New York City are authorized or required by law to close.

All payments hereunder shall be applied to the Principal Balance.

Beginning on November 1, 2025 (the “Initial Payment Due Date”), and on the first of the month of each month thereafter until and including September 1, 2026 (and if such date is not a Business Day, the next Business Day thereafter) (each such date, including the Maturity Date, a “Payment Due Date”), the Borrower shall make an amortization payment in an amount equal to $300,000.00; provided, however, that on the Maturity Date, the Borrower shall make an amortization payment in the amount of $200,000.00 (each such payment, an “Amortization Payment”). For the avoidance of doubt, each such Amortization Payment shall be in satisfaction of any related Amortization Payment obligation. The Amortization Payment is payable to CCS in U.S. dollars by wire transfer of immediately available funds (provided, however, on the Maturity Date all amounts due under this Note shall be due and payable). Notwithstanding the foregoing and except as otherwise provided herein, the Borrower may, in its sole discretion, elect to pay all or any portion of any Amortization Payment or prepay the unpaid Principal Balance in Shares by providing written notice to CCS at least five (5) Business Days prior to the Payment Due Date or the measuring date of the prepayment of the unpaid Principal Balance (such prepayment date, the “Share Prepayment Measuring Date”), as applicable (such notice, a “Share Issuance Notice”). In the event on any Payment Due Date, a Registration Statement (as defined below) registering the resale of Shares issuable hereunder has not been declared effective by the Securities and Exchange Commission (the “SEC”) or the Borrower has failed to maintain its effectiveness pursuant to the terms of this Note, any Amortization Payment due and payable on such Payment Due Date shall be payable by Borrower to CCS in U.S. dollars by wire transfer of immediately available funds and shall not be payable in Shares. If Borrower elects to make any such Amortization Payment or prepayment of the unpaid Principal Balance in Shares, Borrower shall deliver a number of Shares no later than two (2) Business Days following the Payment Due Date or the Share Prepayment Measuring Date, as applicable (any such date of issuance, the “Issue Date”), equal to: (i) the amount of the Amortization Payment or unpaid Principal Balance, as applicable, the Borrower elects to convert divided by (ii) a dollar amount (the “Conversion Purchase Price”) equal to the lesser of (A) 95% of the closing price of the Shares on the Trading Day immediately preceding the applicable Payment Due Date or Share Prepayment Measuring Date and (B) the arithmetic average of the Daily VWAP (defined below) for the five (5) Trading Days (defined below) ending on the Trading Day immediately preceding the applicable Payment Due Date or Share Prepayment Measuring Date.

The Shares, when issued, shall be duly authorized, validly issued, fully paid and non-assessable and shall be registered for resale under the Securities Act, or otherwise freely tradeable, as of the Issue Date, and shall be delivered in book entry form in the name of, and delivered to, CCS (or its designee) on the Issue Date.

After receipt by CCS of any Share Issuance Notice, which shall include a proposed Share total to be issued (the “Proposed Share Total”), if the delivery of the Proposed Share Total would cause CCS, together with any other person with which CCS is considered to be part of a group under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or with which CCS otherwise files reports under Sections 13 and/or 16 of the Exchange Act, to become, directly or indirectly, a “beneficial owner” (within the meaning of Section 13(d) of the Act and the rules and regulations promulgated thereunder) of a number of shares of the Borrower that exceeds 9.9% of the number of shares of the Borrower that are outstanding as of the Issue Date (such excess, the “Excess Shares”), then CCS shall notify the Borrower no later than three (3) Business Days after its receipt of the Share Issuance Notice of Excess Shares. On the Issue Date, in lieu of issuing the Excess Shares, the Borrower shall make a payment in cash equal to (i) the product of the amount of the applicable Amortization Payment multiplied by the number of Excess Shares, divided by (ii) the Proposed Share Total (such amount the “Excess Cash Amount”). The delivery of the Proposed Share Total less the Excess Shares and the payment of the Excess Cash Amount shall fully satisfy the then applicable Amortization Payment obligation.

For purposes of this Note, the following capitalized terms have the following meanings:

“Daily VWAP” means, for any Trading Day, the per share volume-weighted average price of the Borrower’s ordinary shares as displayed under the heading “Bloomberg VWAP” on Bloomberg page for the Borrower (or, if such page is not available, its equivalent successor page) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or, if such volume-weighted average price is unavailable, the market value of one share of the Borrower’s ordinary shares on such Trading Day, determined, using a volume-weighted average price method, by a nationally recognized independent investment banking firm selected by CCS). The Daily VWAP will be determined without regard to after-hours trading or any other trading outside of the regular trading session.

“Trading Day” means a day on which trading in the Borrower ordinary shares generally occurs on the principal U.S. national or regional securities exchange on which the Borrower’s ordinary shares are then listed or, if the Borrower’s ordinary shares are not then listed on a U.S. national or regional securities exchange, on the principal other market on which the shares of the Borrower’s ordinary shares are then traded.

“Trading Volume” means, for any Trading Day, the daily trading volume for the ordinary shares of the Borrower, as reported by Bloomberg on such Trading Day.

All unpaid Principal Balance that is not then converted into Shares, shall continue to remain outstanding and to be subject to the conditions of this Note. No fractional Shares shall be issued upon conversion of any portion of this Note. In lieu of any fractional Shares to CCS upon conversion of this Note, the Borrower shall pay to CCS an amount equal to the product obtained by multiplying the Conversion Purchase Price by the fraction of a Share not issued pursuant to the previous sentence.

The Borrower agrees to use its best efforts to prepare and file with the SEC a registration statement on Form F-1 registering the resale of the Shares (the “Registration Statement”) by October 1, 2025, and shall use its best efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof. The Borrower agrees to use its best efforts to cause the Registration Statement, or another shelf registration statement that includes the Shares, to remain effective (except for customary blackout periods) and during the pendency of effectiveness of any post-effective amendment that the Borrower is required by law to file with the SEC until the earliest of (i) the date on which CCS ceases to hold any Shares covered by such Registration Statement, or (ii) the first date on which CCS is able to sell all of the Shares issued hereunder under Rule 144 without limitation as to the manner of sale or the amount of such securities that may be sold.

CCS agrees on its own behalf and on behalf of its affiliates that Shares it receives pursuant to the terms hereunder shall not be sold on any Trading Day in excess of 5.0% of the Trading Volume, without the prior written consent of the Borrower (such consent not to be unreasonably withheld, conditioned or delayed).

As used herein, “Event of Default” means any of the following:

Upon the occurrence of an Event of Default, the holder of this Note may, at such holder’s option, by notice in writing to the Borrower declare this Note to be immediately due and payable, whereupon the Principal Balance shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding; provided, however, that upon the occurrence of an Event of Default specified in paragraph (iv) or (v) above, the Principal Balance thereon shall become automatically due and payable without notice or demand.

The Borrower shall pay all costs of collection, including reasonable attorneys’ fees and legal expenses, if this Note is not paid when due, whether or not legal proceedings are commenced.

The Borrower hereby represents and warrants to CCS on the date hereof as follows: (a) the Borrower is an exempted company duly incorporated, validly existing, and in good standing under the laws of the state of its jurisdiction of organization; (b) the Borrower has the requisite power and authority, and the legal right, to execute and deliver this Note, and to perform its obligations hereunder; (c) the execution and delivery of this Note by the Borrower and the performance of its obligations hereunder have been duly authorized by all necessary corporate action in accordance with all applicable laws; the Borrower has duly executed and delivered this Note; (d) no consent or authorization of, filing with, notice to, or other act by, or in respect of, any governmental authority or any other person or entity is required in order for Borrower to execute, deliver, or perform any of its obligations under this Note; (e) the execution and delivery of this Note and the consummation by the Borrower of the transactions contemplated hereby do not and will not (i) violate any law applicable to the Borrower or by which any of its properties or assets may be bound or (ii) constitute a default under any agreement or contract by which the Borrower may be bound; (f) this Note is a valid, legal, and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms; and (g) no action, suit, litigation, investigation, or proceeding of, or before, any arbitrator or governmental authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its property or assets (i) with respect to this Note or any of the transactions contemplated hereby or (ii) that could reasonably be expected to materially adversely affect the Borrower’s financial condition or the ability of the Borrower to perform its obligations under this Note.

No amendment, modification or waiver of any provision of this Note or any related document or consent to any departure by the Borrower therefrom shall be effective unless the same is in writing and signed by CCS. Any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given, and shall not be construed as a waiver of any right or remedy on any future occasion. No delay or omission on the part of any holder hereof in exercising any right or remedy hereunder shall operate as a waiver of any right or remedy under this Note.

All payments under this Note shall be made without setoff, counterclaim or deduction of any kind including, without limitation, for any applicable taxes. Any amount owing by the Borrower to CCS shall not be reduced in any way by any outstanding obligations of CCS to the Borrower or the undersigned, whether such obligations are monetary or otherwise.

All makers, endorsers, sureties, guarantors and accommodation parties hereby waive presentment, dishonor, notice of dishonor and protest, and consent to any and all extensions, renewals, substitutions and alterations of any of the terms of this Note and any other documents related hereto and to the release of or failure by CCS to exercise any rights against any party liable for or any property securing payment thereof.

This Note shall be governed by the substantive law of New York.

THE BORROWER HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF, BASED ON OR PERTAINING TO THIS NOTE OR ANY OTHER RELATED DOCUMENT. FOR ITSELF AND ITS PROPERTY, THE BORROWER IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR NEW YORK (AND ANY APPELLATE COURT FROM SUCH COURTS) IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE.

The Borrower has caused this Note to be issued as of the date first written above.

-6-