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Andrada Mining
(LSE:ATM)
Andrada Mining (ATM) vs. iShares MSCI United Kingdom ETF (EWC)
Andrada Mining Business Overview & Revenue Model
Andrada Mining Financial Statement Overview
| Breakdown | TTM | Feb 2024 | Aug 2022 | Feb 2021 | Feb 2020 | Feb 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.16M | 23.81M | 9.83M | 13.62M | 4.99M | 26.78K |
| Gross Profit | 1.49M | 2.96M | -681.94K | 4.31M | -2.59K | 0.00 |
| EBITDA | 222.05K | -1.25M | -5.91M | 2.56M | -4.76M | -1.03M |
| Net Income | -9.56M | -9.77M | -7.75M | -815.64K | -5.69M | -1.05M |
Balance Sheet | ||||||
| Total Assets | 69.06M | 69.57M | 47.47M | 37.07M | 22.41M | 15.08M |
| Cash, Cash Equivalents and Short-Term Investments | 1.60M | 2.70M | 8.21M | 7.37M | 1.35M | 1.78M |
| Total Debt | 21.10M | 22.21M | 7.18M | 5.48M | 4.26M | 0.00 |
| Total Liabilities | 43.56M | 45.86M | 11.80M | 9.61M | 5.92M | 454.63K |
| Stockholders Equity | 25.51M | 23.71M | 35.82M | 27.28M | 16.64M | 14.63M |
Cash Flow | ||||||
| Free Cash Flow | -10.27M | -18.92M | -18.19M | -5.42M | -4.46M | -6.26M |
| Operating Cash Flow | -3.99M | -4.00M | -4.93M | 569.06K | -1.50M | -1.35M |
| Investing Cash Flow | -6.77M | -12.86M | -13.26M | -5.99M | -2.96M | -5.47M |
| Financing Cash Flow | 5.49M | 4.25M | 19.04M | 11.46M | 5.16M | 5.68M |
Andrada Mining Technical Analysis
Andrada Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £37.15M | -9.13 | -7.78% | ― | ― | -19.57% | |
51 Neutral | £77.38M | -4.96 | -33.80% | ― | 26.18% | ― | |
51 Neutral | £123.54M | ― | -17.14% | ― | ― | 54.72% | |
50 Neutral | £20.29M | -1.11 | -35.54% | ― | ― | ― | |
32 Underperform | £2.51M | -0.32 | ― | ― | ― | 17.65% |
Andrada Mining Corporate Events
Andrada Mining has strengthened its commercial relationship with Thailand Smelting & Refining Co. by extending an exclusive offtake arrangement for all tin concentrate produced by its Uis Tin Mining Company operations in Namibia. Thaisarco, a leading global tin smelter, will retain discretion over purchases while Andrada continues to scale up production to meet growing tin demand.
Under the expanded agreement, Thaisarco will provide an unsecured USD3 million advance to Uis Tin Mining Company, repayable at UTMC’s discretion and with no interest, in exchange for exclusivity and a minor marketing discount on future tin concentrate sales priced off the LME tin benchmark. The flexible prepayment structure and continuation of this long-term partnership are expected to support Andrada’s operational growth and underscore the strategic importance of the Uis mine in the global tin market.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining’s Uis Tin Mining Company has signed a cooperation agreement with the European Investment Bank to accelerate the feasibility study for its Uis Lithium Expansion Project in Namibia. The project seeks to turn Andrada into a long-term lithium supplier to global green-energy supply chains by integrating lithium recovery into its existing tin and tantalum processing operations.
Under the agreement, Andrada will receive up to €2 million of non-dilutive, EU-funded technical assistance to advance the project to bankable feasibility level, with a target output of 50,000 tonnes a year of petalite concentrate recovered from existing waste streams. The EIB-administered support underscores Uis’s strategic role in diversifying critical raw material supply for Europe, while promising local economic benefits for Namibia and potential long-term value creation for Andrada’s stakeholders.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining reported inaugural diamond drilling results from its Lithium Ridge project in Namibia, confirming consistent, high-grade lithium mineralisation from surface to depths of around 160 metres, alongside significant tin and tantalum credits. The early results from the first 15 holes of the Stage 1 programme support Lithium Ridge’s potential as a large-scale, long-life polymetallic asset and mark a strategic step in Andrada’s entry into Africa’s emerging lithium sector under its earn-in partnership with SQM, with drilling progressing on schedule and further updates expected as exploration advances.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining has satisfied the last two conditions to unlock an initial USD10 million investment from BWCAM toward Brandberg West, giving the ACAM affiliate a 30% stake in the project vehicle and accelerating tailings investigations while the Namibian Competition Commission approval remains outstanding. The partner also subscribed USD1 million for 24.3 million new shares at 3p, with admission to AIM set for 9 February, bolstering Andrada’s balance sheet and strengthening its strategic alignment as it pursues broader exploration and production growth in Namibia.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining has reported exceptional surface sampling results from its Lithium Ridge project in Namibia, confirming multiple high-grade lithium-bearing pegmatites with grab samples exceeding 4% Li2O and a peak of 4.67% Li2O. The comprehensive mapping and sampling campaign has identified more than 1,500 outcropping pegmatites and significantly expanded the known 6km mineralised trend, while also confirming meaningful tin and tantalum mineralisation that could provide valuable by‑product credits. Lithium has been confirmed as primarily spodumene, and the results validate the ongoing SQM-funded Stage 1 drilling programme of 14,000 metres aimed at defining the depth and continuity of the mineralisation. The findings underscore Lithium Ridge as a potentially large-scale, polymetallic system that could materially enhance Andrada’s growth pipeline and strengthen its strategic position in the global critical minerals supply chain alongside ongoing expansion at the Uis Mine.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining has entered into a conditional, staged earn-in partnership with ACAM’s affiliate BWCAM worth up to USD51 million to fast-track the exploration and development of the historic Brandberg West polymetallic project in Namibia. The deal will see BWCAM initially invest USD10 million for a 30% stake in Andrada Investments (Mauritius) Limited, with an option to commit a further USD40 million to increase its interest to 49%, while Andrada retains operational control. Funds will be used to investigate tailings recovery, expand exploration, and advance metallurgy and feasibility studies to definitive feasibility level, targeting the development of Brandberg West as a major new source of copper, tungsten and tin. The transaction introduces copper and tungsten as standalone revenue streams alongside tin, deepens Andrada’s exposure to critical minerals amid rising prices and strong demand from the energy transition, and brings in a prominent natural resources investor under a milestone-based structure that aims to de-risk development and accelerate project timelines for shareholders.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining has agreed to convert a US$3.06 million loan and unpaid fees owed to major shareholder The Orange Trust into 59.36 million new ordinary shares, de-leveraging its balance sheet and avoiding any cash outflow. The deal, priced at a roughly 10% discount to the recent share price and treated as a related-party transaction under AIM rules, releases security over the company’s second tin processing plant, thereby improving operational flexibility and future financing options while signalling continued long-term support from a key institutional investor; following admission of the new shares to trading on AIM on 22 January 2026, Andrada’s issued share capital will rise to about 1.93 billion ordinary shares.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining Limited reported a strong operational performance for the third quarter ended November 2025, driven by increased processing rates and tin production, alongside a favorable pricing environment. The company’s continuous improvement program has led to enhanced throughput and recovery rates, positioning Andrada to capitalize on the rising tin market, which has seen a 40% price increase year-to-date. The deployment of a third drill rig at the Lithium Ridge JV with SQM and the ongoing commissioning of the jig plant are expected to support future growth. With a focus on optimizing product mix and exploring new partnerships, Andrada aims to unlock further value from its operations and expand its portfolio.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.
Andrada Mining Limited announced its unaudited interim financial results for the six months ended 31 August 2025, highlighting significant operational and financial improvements. The company reported a 10% increase in ore processed and a 14% rise in tin concentrate production, alongside a 12% revenue growth to £12.2 million. The company’s strategic initiatives, including engineering investments and corporate restructuring, have led to improved margins and a reduction in operating losses by 35%. Key projects, such as the Uis Mine Ore Sorter and lithium expansion, are set to enhance production capacity and financial performance, supporting Andrada’s growth strategy and strengthening its market position.
The most recent analyst rating on (GB:ATM) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.