RE: ⬆️⬆️ STRONG BUY....20 Apr 2026 11:35
Anthony Viljoen, Chief Executive Officer, commented:
"The completion of this placement with some key strategic investors, comes at a pivotal juncture for Andrada. The funding allows the Company to scale up operations and advance various growth initiatives, whilst deriving maximum benefit from the high commodity price environment. Importantly, this fundraise completes the current equity financial requirements for the Group. This funding, along with current tin prices and production provides the pathway for the Company to complete its expansion programme at Uis, with the exploration programmes at Lithium Ridge and Brandberg West already funded by strategic partners SQM and BWCAM."
USE OF PROCEEDS
The financing comes at a well-timed inflection point for the Company. The goal is to rapidly scale production capacity by enhancing exposure to strong critical minerals prices, strengthening institutional backing, and accelerating cash flow. Specifically, the proceeds of the fundraise will be used to accelerate production growth at the Uis operation by funding key operational upgrades and expansion initiatives, including the installation of additional crushing capacity to increase throughput, accelerated stripping activities to access ore more quickly, and updates to resource and reserve estimates.