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Andrada Mining, a tin producer with a portfolio of critical metals mining and exploration assets in Namibia, announces that further to the announcement of 27 May 2026, its subsidiary,
Uis Tin Mining Company (UTMC) has executed definitive agreements for loan facilities totaling NAD98 million with Bank Windhoek and the Development Bank of Namibia Limited.
According to the Andrada Mining subsidiary, the loan facilities comprise two equal NAD49 million tranches and all conditions precedent governing loan disbursement have been met to the satisfaction of both lenders.
The loan facilities complete UTMC’s funding requirements for the planned operational upgrades at the Uis Mine and enable the Company to progress the ore-sorting expansion into execution.
“The strengthening of the collaboration with two of Namibia’s leading financial institutions, has enabled Andrada to complete the funding required to materially de-risk the delivery of the Uis ore-sorting expansion,” Anthony Viljoen, Andrada Chief Executive Officer.
Viljoen said the company can now continue to move decisively into project execution mode to further unlock the mine’s operational and cash-generating potential through increased throughput and processing efficiency.
“The appointment of two well-known engineering firms to fabricate and execute on this project, has enabled the early work required, to meet the project delivery timelines.”
