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Andrada Mining
(OTC:ATM)
Andrada Mining (ATM) vs. S&P 500 (SPY)
Andrada Mining Business Overview & Revenue Model
Andrada Mining Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 19.94M | 17.97M | 9.83M | 13.62M | 4.99M | 69.03K | Gross Profit |
| 2.16M | 1.72M | -681.94K | 4.31M | -2.59K | -106.43K | EBIT |
| -8.31M | -8.14M | -8.34M | 699.62K | -5.61M | -1.79M | EBITDA |
| -3.51M | -4.35M | -5.91M | 2.56M | -4.76M | -1.66M | Net Income Common Stockholders |
| -8.90M | -8.44M | -7.75M | -815.64K | -5.69M | -1.78M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 8.21M | 14.51M | 8.21M | 7.37M | 1.35M | 574.60K | Total Assets |
| 47.47M | 66.20M | 47.47M | 37.07M | 22.41M | 21.38M | Total Debt |
| 7.18M | 14.66M | 7.18M | 5.48M | 4.26M | 1.45M | Net Debt |
| -1.03M | 156.93K | -1.03M | -1.89M | 2.90M | 880.03K | Total Liabilities |
| 11.80M | 34.14M | 11.80M | 9.61M | 5.92M | 2.44M | Stockholders Equity |
| 35.82M | 32.61M | 35.82M | 27.28M | 16.64M | 19.00M |
| Cash Flow | Free Cash Flow | ||||
| -19.49M | -18.87M | -18.19M | -5.42M | -4.46M | -8.41M | Operating Cash Flow |
| -5.89M | -3.74M | -4.93M | 569.06K | -1.50M | -1.25M | Investing Cash Flow |
| -16.98M | -14.92M | -13.26M | -5.99M | -2.96M | -7.76M | Financing Cash Flow |
| 22.90M | 25.22M | 19.04M | 11.46M | 5.16M | 7.81M |
Andrada Mining Technical Analysis
Andrada Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $7.37B | 66.80 | 3.70% | 2.39% | 25.76% | -41.10% | |
73 Outperform | £1.34B | 17.62 | 15.70% | ― | 31.84% | ― | |
62 Neutral | £31.79B | ― | -3.81% | 3.81% | 3.11% | -137.83% | |
54 Neutral | £51.82M | ― | -26.64% | ― | 42.93% | -7.55% | |
50 Neutral | $1.98B | -1.08 | -21.29% | 3.61% | 1.96% | -30.59% |
Andrada Mining Corporate Events
Andrada Mining Limited reported a 5.4% increase in annual ore processing and a 2.2% rise in tin concentrate production for FY2025, reflecting steady growth in its operations. The company secured USD2.5 million funding for a new jig plant to expand tin production and received approval for a lithium project partnership, positioning itself for future growth in critical minerals. The operational improvements, including enhanced plant utilization and increased shipments, underscore Andrada’s commitment to sustainable growth. The company’s strategic initiatives, such as the lithium project and diversified sales approach for tantalum, aim to strengthen its market position and optimize profitability.
Andrada Mining Limited announced that its Chief Strategy Officer, Frans Van Daalen, and Chief Operational Officer, Chris Smith, sold a significant number of shares to meet taxation obligations. Van Daalen sold 7,382,811 shares, while Smith sold 655,673 shares, both at a price of 1.96 pence. This move is part of routine financial management and is not expected to impact the company’s operations or market positioning significantly.
Andrada Mining Limited has received approval from the Namibian Competition Commission for its earn-in agreement with Sociedad Química y Minera de Chile SA (SQM), marking a significant milestone in its lithium market strategy. This partnership, involving a potential USD40 million investment from SQM, is expected to accelerate the development of the Lithium Ridge project in Namibia, fostering socio-economic growth in the region and enhancing Andrada’s position as a key player in the critical raw materials sector.
Andrada Mining Limited has updated its employee incentive scheme, offering employees the choice between cash bonuses and shares, and has issued a significant number of ordinary shares. This move reflects the company’s strategic focus on cash preservation while aligning employee interests with company performance. The issuance of shares is part of a broader incentive plan, including long-term and employee share schemes, designed to retain key talent and ensure alignment with shareholder value creation.
Andrada Mining Limited has announced a change in its voting rights positions, with FIL Limited reducing its stake to below 5% from a previous holding of 5.14%. This adjustment in voting rights could potentially impact the company’s shareholder dynamics and market perception, although the immediate implications for stakeholders remain unspecified.
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.
Andrada Mining Limited has updated its Mineral Resource Estimate (MRE) for the V1V2 pegmatite at the Uis tin mine, reflecting an increase in the average lithium grade to 0.79% Li2O and a rise in contained lithium oxide from 587,000 tonnes to 610,000 tonnes. This update, which takes into account the final results from the 2022 drilling program, enhances the project’s economics by allowing the company to better quantify potential lithium concentrate credits and optimize overall project profitability. The updated MRE, informed by extensive historical and recent drilling data, underscores the significant lithium potential at the Uis mine and supports Andrada’s aim to be a leading African producer in its field.