Last checked at 10 Jan 2023 16:51
10 January 2023
AfriTin Mining Limited
("AfriTin" or the "Company")
Confirmation of Name Change
AfriTin Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, announces that, further to its announcement of 5 January 2023, the Registrar of Companies in Guernsey has confirmed the name change from Afritin Mining Limited to Andrada Mining Limited ("Andrada"). Accordingly, the change of name will take effect, and dealings under the new company name of Andrada Mining Limited (AIM:ATM), will commence from 8.00 a.m. on 11 January 2023.
As previously announced, the name Andrada reflects the Company's expanding lithium and tantalum resources alongside its existing tin production. The new name originates from José Bonifácio de Andrada e Silva, the Brazilian mineralogist and professor who first discovered petalite and spodumene, which are major lithium bearing minerals and a precursor to the identification of lithium. Management believes that the Uis licence could host a globally significant lithium resource.
The Company's ISIN will remain GG00BD95V148 and its trading mnemonic will remain ATM. The information required to be disclosed pursuant to AIM Rule 26 of the AIM Rules for Companies can still be accessed on https://afritinmining.com/investor-centre/aim-rule-26/. A new website address will be provided in due course.
Anthony Viljoen, CEO, commented: "I'm delighted to confirm the Company's change of name and we look forward to rebranding as Andrada Mining. The Company's potential lithium resource size in Namibia is extremely exciting, and the change of name reflects the importance of it within our growing production profile, beyond our existing tin operation. We look to the future with huge excitement as Andrada Mining plays its part in the energy transition."
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AfriTin Mining Limited | +27 (11) 268 6555 |
Anthony Viljoen, CEO Sakhile Ndlovu, Investor Relations | |
WH Ireland Limited (Nominated Advisor) Katy Mitchell | +44 (0) 207 220 1666 |
H&P Advisory Limited (Corporate Advisor and Joint Broker) | +44 (0) 20 7907 8500 |
Andrew Chubb Jay Ashfield | |
Stifel Nicolaus Europe (Joint Broker) | +44 (0) 20 7710 7600 |
Ashton Clanfield Callum Stewart Varun Talwar | |
Tavistock (PR) | + 44 20 7920 3150 |
Nick Elwes Adam Baynes | afritin@tavistock.co.uk |
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is a London-listed technology metals mining company with a vision to create a portfolio of globally significant, conflict-free, producing and exploration assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly the world's largest hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and management team with a current strategy to ramp-up production at the Uis Mine in Namibia to more than 10,000 tonnes of tin concentrate and 350,000 tonnes of lithium concentrate in a Phase 2 expansion, having reached Phase 1 commercial production in 2020. The Company strives to capitalise on the solid supply/demand fundamentals of tin and lithium by developing a critical mass of resource inventory, achieving production in the near term and further scaling production by consolidating assets in Africa.