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An update from Andrada Mining ( (GB:ATM) ) is now available.
Andrada Mining Limited announced securing a USD2.5 million funding facility to construct a second tin processing plant at its Uis mine in Namibia. This strategic move is expected to significantly boost tin production capacity and enhance cash flow without disrupting current operations. The new plant will allow modular expansion into nearby pegmatites and support increased production from higher-grade ore sources in the Erongo region. The initiative is part of Andrada’s broader strategy to strengthen its position in the global tin supply chain while advancing potential revenue from tantalum and lithium. The funding underscores shareholder confidence in Andrada’s growth strategy and commitment to scalable, sustainable production.
More about Andrada Mining
Andrada Mining Limited is an African-focused mining company listed on the London Stock Exchange (AIM), New York (OTCQB), and Namibia Stock Exchange. The company operates mining assets in Namibia, a prime investment region in Africa, and focuses on producing critical raw materials like tin, lithium, tungsten, tantalum, and copper. These metals are essential for the green energy transition, used in electric vehicles, solar panels, and wind turbines. Andrada aims to enhance sustainability and contribute to community upliftment through its operations.
Average Trading Volume: 10,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $51.49M
Find detailed analytics on ATM stock on TipRanks’ Stock Analysis page.
