Andrada Mining has secured US$2.5 million in funding from LC Abelheim Limited, as trustee of The Orange Trust, to construct a second tin processing jig plant at its Uis Mine.
The Orange Trust is Andrada’s largest shareholder, holding 15.81% of the company’s issued ordinary shares.
The US$2.5 million funding will enable the procurement of an additional 100 tons per hour of processing capacity at the Uis Mine. The new plant will allow for modular expansion into nearby pegmatites without disrupting current production, thereby significantly increasing tin output.
Andrada Mining CEO Anthony Viljoen highlighted the strategic nature of the investment, underscoring the company’s confidence in the abundant tin resources in Namibia’s Erongo region, particularly at the Uis mining license.
“We anticipate a surge in tin demand this year, which, combined with Andrada’s established position in the global tin supply chain, creates a unique competitive advantage for the company,” Viljoen stated.
He further noted that the additional plant will provide a modular pathway to scale operations within the company’s existing mining footprint, as it evaluates new pits and validates historical resources.
The new plant is designed to operate independently, ensuring no disruption to current mining activities or ongoing efforts to expand tantalum and lithium production at the primary plant.
“This expansion also opens up opportunities for Andrada to explore and initiate production from other high-grade ore bodies across the Erongo region. Our integrated approach of scaling up tin production while advancing the polymetallic potential of our ore body is expected to significantly enhance cash flow and improve profit margins,” Viljoen added.
He also emphasized that the strong support from existing shareholders, reflected in this financing, highlights the broad confidence in Andrada’s growth strategy and reinforces the company’s commitment to sustainable, scalable production and expansion.