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(Sharecast News) - AfriTin Mining announced the completion of a fundraising totalling $22.8m on Friday, to expand its work at Uis and Brandberg, and for general working capital.
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(Alliance News) - AfriTin Mining Ltd shares were down on Friday said it has raised USD22.8 million via a placing and subscription.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read moreAfriTin Mining Ltd - technology metals mining company focused on Namibia - Negotiates funding package of USD48.3 million comprising debt, a convertible bond, equity and royalty funding.
Read moreAfriTin Mining Ltd - technology metals mining company focused on Namibia - Posts revenue of GBP13.6 million for the year to February 28, up significantly from GBP5.0 million the year before. Swings to pretax profit of GBP389,798 from a loss of GBP5.8 million. Says average tin price achieved for the year was USD38,680 per tonne, compared to USD22,150 per tonne the year before. Annual tin concentrate production increased 70% to 804 tonnes from 473 tonnes the year before following the ramp-up and expansion initiatives, AfriTin adds.
Read moreAfriTin Mining Ltd - technology metals mining company focused on Namibia - Completes construction for the phase one expansion of its processing plant at the Uis mine in Namibia. Notes this was achieved despite "challenging market conditions and a difficult construction environment." Commissioning is scheduled to complete by the end of September. Expansion is targeting a 67% increase to tin concentrate production per year, company says.
Read more(Alliance News) - AfriTin Mining Ltd on Thursday said it has appointed Hiten Ooka as its new chief financial officer.
Read moreAfriTin Mining Ltd - technology metals mining company focused on Namibia - Completes 32 drill holes to date as part of infill drill programme at its Uis Mine in Namimbia. Pegmatite is intersected at all holes, with "notable" intersections of lithium and tantalum mineralisation.
Read moreAfriTin Mining Ltd - technology metals mining company focused on Namibia - Enters, through its majority-owned subsidiary Uis Tin Mining Pty Ltd, into a conditional term sheet for a lending facility. The GBP5.5 million senior secured lending facility will be used to fund the Uis Phase 1 stage II continuous improvement project, which aims to increase plant throughput to 1 million tonnes per year from 840,000 tonnes per year. Company adds that the phase one expansion commissioning remains on track to complete in the third quarter of 2022.
Read moreAfriTin Mining Ltd - technology metals mining company focused on Namibia - In its first quarter ended May 31, increases tin contained in concentrate production by 13% against the previous quarter to 152 tonnes. Achieves record tin recovery of 67% and a record quarterly performance at its Uis mine, with tin concentrate production at 239 tonnes. Adds that its phase-one expansion project is on track for completion in the third quarter of the calendar year.
Read moreAfriTin Mining Ltd - Tin mining company which operates the Uis tin mine in Namibia - Says drilling results for lithium and tantalum at the Uis mine have surpassed expectations. The company says it is "pleased" with the lithium grades results seen the first four holes at the main V1/V2 pegmatite at Uis.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read moreAfriTin Mining Ltd - tin mining company which operates the Uis tin mine in Namibia - For the year ended February 28, annual ore processed rises 55% to 543,601 tonnes, allowing tin concentrate output to rise 70% to 804 tonnes, and also being 12% above nameplate capacity.
Read moreAfriTin Mining Ltd - tin mining company which operates the Uis tin mine in Namibia - Commences trading on the Namibian Stock Exchange with effect on Wednesday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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