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Pin to quick picksAndrada Mining. Share News (ATM)

Share Price Information for Andrada Mining. (ATM)

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Share Price: 4.90
Bid: 4.80
Ask: 5.00
Change: 0.00 (0.00%)
Spread: 0.20 (4.167%)
Open: 4.90
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TRADING UPDATES: Pembridge Resources gets payment; Genflow gets award

Fri, 14th Oct 2022 20:22

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Notes its portfolio company, PDS Biotechnology Corp, expanded its interim data in phase 2 clinical trial that investigates the PDS0101-based triple combination therapy in advanced human papillomavirus-positive cancers. "The expanded interim data investigating the PDS0101-based triple combination therapy in advanced HPV-positive cancers continue to appear to show clinical signs of efficacy, durability and safety in an extremely challenging patient population with very few available treatment options," PDS Biotechnology Chief Executive Officer Frank Bedu-Addo comments.

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Genflow Biosciences PLC - A london-based biotechnology company - Says its research and development programme in Estonian, which operates in collaboration with IVEX lab OU, received a non-dilutive grant award of EUR250,000 from the Applied Research Programme of Enterprise Estonia. "The grant will enhance Genflow's future therapeutic developments and boost the Company's pre-clinical drug discovery and research initiatives, aimed at assisting people to live longer, healthier lives," CEO & Founder Eric Leire comments.

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AfriTin Mining Ltd - technology metals mining company focused on Namibia - Finds "significant pegmatite intersections" in its Uis mine in Namibia. Finds up to 5.154% of tin and 0.94% lithium oxide. "The infill drill programme continues to deliver results that we believe confirm the scale and quality of the deposit. We look forward to upgrading our mineral resource estimate and bringing on tantalum and lithium by-product revenue streams alongside our existing tin production," CEO Anthony Viljoen comments.

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Pembridge Resources PLC - London-based copper-focused mining company - Gets part of the third instalment of repayments from Minto Metals Corp. Agrees to a revised schedule for the remaining payments due. Pembridge lent CAD4 million in total to Minto to fund Minto's surety account, in 2019 and 2020. The loan has an interest rate of 8%, and is due in quarterly instalments of CAD1 million over 2022.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Andrada Mining subsidiary inks financing deal with Bank Windhoek

(Sharecast News) - Andrada Mining announced a financing deal through subsidiary Uis Tin Mining Company (UTMC) Tuesday, with Bank Windhoek.

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12 Mar 2024 15:32

IN BRIEF: Andrada shares down as company optimises Uis operations

Andrada Mining Ltd - Technology metals mining company focused on exploration licences in Namibia - Says it is implementing an "ore sorting circuit" at its flagship Uis Mine in Nambia, which will help to increase tin concentrate to 2,000 tonnes per annum from 1,500. The company has also optimised the mine's tantalum circuit, and expects to make the first shipment of concentrate to Afrimet Resources AG, a Switzerland-based company focused on African-sourced metals and minerals, by the end of March. Andrada says it has received several non-binding offers for a partnership interest at the lithium project level, and that these discussions are "progressing well".

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12 Mar 2024 13:09

Andrada Mining reports progress across its expansion plans

(Sharecast News) - Andrada Mining announced significant advancements in its expansion plans for lithium, tin, and tantalum production at the Uis Mine in Namibia on Tuesday, alongside updates on its strategic process.

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5 Dec 2023 14:21

IN BRIEF: Andrada sees high-grade lithium spodumene at Lithium Ridge

Andrada Mining Ltd - African technology metals mining company with a portfolio of mining and exploration assets in Namibia - Says that it has produced high-grade lithium spodumene concentrate from its Lithium Ridge licence, which is 35 kilometres southeast of the town of Uis in Namibia. High-grade spodumene concentrate, at a grade of 6.8% lithium oxide, was produced from two Lithium Ridge exploration samples through laboratory-scale flotation. Adds that the flotation test work achieved a lithium oxide recovery of 76%.

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29 Nov 2023 14:27

IN BRIEF: Andrada Mining revenue jumps on higher production

Andrada Mining Ltd - African technology metals mining company with a portfolio of mining and exploration assets in Namibia - Says in the six months to August 31, revenue grew by 87% to GBP8.8 million from GBP4.7 million the year before. Says revenue growth was driven by a 67% increase in tin concentrate production to 758 tonnes, resulting in a 58% increase in contained tin to 454 tonnes compared to the first six months of financial 2023. Meanwhile, pretax loss narrowed to GBP2.8 million from GBP3.7 million the year before.

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IN BRIEF: Andrada Mining renews deals with Thaisarco and AfriMet

Andrada Mining Ltd - African technology metals mining company with a portfolio of mining and exploration assets in Namibia - Renews off-take agreements with the Thailand Smelting & Refining Co Ltd and AfriMet Resources AG for tin concentrate and tantalum concentrate, respectively. The Thaisarco off-take agreement has been renewed for a further three years, starting December 1, for a minimum supply of 90 metric tonnes per month, and up to 100% of the expanded production. Meanwhile, the AfriMet off-take agreement has been renewed for a plant production period of 12 months, starting January 1, with an option to receive advance payment.

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12 Oct 2023 14:22

IN BRIEF: Andrada begins exploration programme at Brandberg West

Andrada Mining Ltd - African technology metals mining company with a portfolio of mining and exploration assets in Namibia - Confirms that it has begun an initial exploration programme for the Brandberg West exploration licence in Namibia. Historically, the mine produced tin and tungsten, with strong indications of copper mineralisation. Andrada has started a programme which includes the evaluation of the polymetallic mineralisation of the historical opencast operation, and an investigation of the mineralised extensions beyond the previously mined site. Adds that it has plans for a 3,000 metre drill programme, starting in the second half of this calendar year.

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