Last checked at 10 Nov 2021 17:29
10 November 2021
AfriTin Mining Limited
("AfriTin" or the "Company")
Lending Facility Update
AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine ("Uis") in Namibia, states that, further to the announcement dated 21 September 2021 (the "Announcement") the Company confirms it has agreed an extended deadline to complete all legal documentation with Standard Bank Namibia Limited (the "Bank"). It is agreed that the credit approved terms already agreed with the Bank which were due to lapse end of October 2021 are still valid until 30 November 2021. The Company anticipates executing the banking facilities outlined in the Announcement before this new deadline.
AfriTin Mining Limited | +27 (11) 268 6555 |
Anthony Viljoen, CEO | |
Nominated Adviser | +44 (0) 207 220 1666 |
WH Ireland Limited Katy Mitchell | |
Corporate Advisor and Joint Broker | |
H&P Advisory Limited Andrew Chubb Jay Ashfield Nilesh Patel | +44 (0) 20 7907 8500 |
Turner Pope Investments Andy Thacker James Pope
| +44 (0) 20 3657 0050 |
Tavistock Financial PR (United Kingdom) | +44 (0) 207 920 3150 |
Jos Simson Nick Elwes |
|
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in London and its vision is to create a portfolio of globally significant, conflict-free, tin-producing 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 Tin Mine in Namibia to 10,000 tonnes of 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 by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.