Andrada Mining Ltd. has secured a US$2.5 million loan from its largest shareholder, The Orange Trust, to fund the construction of a new tin processing plant at its Uis mine in Namibia.
The new plant will operate independently from the existing facility, allowing Andrada to expand production without disrupting current operations.
The additional plant will process up to 100 tonnes of tin ore per hour, significantly increasing output.
Andrada expects this expansion to enhance cash flow by extracting value from existing stockpiles and new high-grade ore sources.
Discussions are ongoing with regional tin miners in Namibia’s Erongo region to secure additional ore supply.
CEO Anthony Viljoen said the investment reflects confidence in Namibia’s tin resources and growing global demand.
Andrada’s long-term strategy involves scaling up operations while expanding tantalum and lithium production at its primary plant.
“We anticipate a surge in tin demand over the year which, when combined with Andrada’s entrenched position in the global tin supply chain, creates a unique competitive advantage for the company,” said Viljoen.
“The additional plant provides a modular pathway to scale up operations within our existing mining footprint as we evaluate new pits and validate historical resources.
“Importantly, the new plant will operate independently, ensuring there is no disruption to current mining activities or to the ongoing expansion aimed at boosting tantalum and lithium revenues at our primary plant.”
The six-month loan has no interest payments but includes a US$50,000 monthly facility fee, totalling US$300,000 over the term.
The new processing plant itself will serve as security for the loan.
Andrada will repay the full US$2.5 million principal at the end of the term, alongside a US$100,000 cumulative facility fee in the third month.
The company sees this funding as the fastest and most flexible way to accelerate its tin expansion strategy, ensuring it can increase production quickly while maintaining financial stability.
