Modern Mining February 2025

TIN

Andrada targets next phase of growth AIM-listed critical metals miner, Andrada Mining’s recent restructuring activities and emphasis on consolidating ownership of its Uis and Lithium Ridge licences underpin a focus targeting its next phase of growth.

A ndrada’s fully permitted assets, endowed with deposits containing base, critical and precious metals, are in the Erongo region, in northwest Namibia. The company owns two mining licences namely Uis (ML134) and Lithium Ridge (ML133) and an exploration licence, Brandberg West (EPL 5445). The Uis Tin Mining Company, the operational entity that holds the company’s licenses, was restructured in June 2024 as part of a broader portfolio enhancement strategy: in this restructuring, Andrada effectively relinquished its Spodumene Hill mining license (now 100% owned by Small Miners of Uis) and increased its holding in the Lithium Ridge and Uis mining licenses to 100%. This ensures a more efficient corporate structure and streamlines operations to accelerate

development across the portfolio. “Owning 100% of our producing Uis tin mine is a particularly favorable development and, full ownership of Lithium Ridge expedited our partnership with SQM,” the company said. More recently, Andrada announced a partnership with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (SQM), a leader in the global lithium market, to develop its Lithium Ridge asset. “This partnership is not only an endorsement of our asset, and of Namibia as a tier one mining jurisdiction but, with the three stage earn-in agreement, it will expedite Lithium Ridge’s development and bring it to feasibility study. Aside from capital, SQM brings a wealth of technical and market expertise,

12  MODERN MINING  www.modernminingmagazine.co.za | February 2025