Andrada Secures $11m to Accelerate Namibia Tin Expansion Amid Critical Minerals Boom

Andrada Mining has raised $11 million through a strategic equity placement to fast-track expansion at its Uis tin operation in Namibia, positioning itself to capitalise on strong global demand for critical minerals.

The AIM-listed miner issued 226.3 million new shares at 3.6 pence each—representing a 10% discount to its previous closing price—as it moves to scale production at one of the country’s largest tin assets.

Scaling production at a pivotal moment

The funding comes at what CEO Anthony Viljoen described as a “pivotal juncture” for the company, enabling it to accelerate operational upgrades and unlock higher output levels.

The capital injection will be directed toward:

• Expanding crushing capacity to increase throughput
• Accelerating stripping activities to access ore faster
• Updating resource and reserve estimates to support long-term planning

These upgrades are expected to improve operational efficiency and boost production volumes, strengthening Andrada’s cash flow profile in a favourable pricing environment.

Positioning within the global energy transition

The expansion of the Uis mine is part of a broader strategy to position Andrada within the global critical minerals supply chain, where tin—alongside lithium and other battery metals—is gaining importance in electronics and energy transition technologies.

Beyond tin, the company is advancing additional projects in lithium and other minerals through partnerships, allowing it to diversify without placing further strain on its balance sheet.

Strategic funding and market confidence

The placement, led by Zeus Capital and H&P Advisory, brings in strategic investors at a time when demand for critical minerals remains elevated. The new shares are expected to begin trading on the London Stock Exchange’s AIM market on 23 April 2026, increasing total issued share capital to around 2.2 billion shares.

Importantly, the raise effectively completes the company’s current equity funding requirements, providing a clear runway to execute its expansion programme.

A broader African minerals play

Andrada’s move reflects a wider trend across Africa, where mining companies are accelerating investments to meet rising global demand for critical minerals tied to electrification, renewable energy and advanced manufacturing.

For Namibia, the expansion reinforces its position as a growing hub for strategic minerals, while for Andrada, it marks a transition toward becoming a scaled, multi-commodity producer.