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AfriTin 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.
Current stock price: 5.32 pence, down 1.6% in London on Tuesday
12-month change: down 7.6%
By Heather Rydings; heatherrydings@alliancenews.com
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