REG - AfriTin Mining Ltd - Lending Facility Update

Andrada MiningAnnouncement

10/11/2021 17:30

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RNS Number : 0073S  AfriTin Mining Ltd  10 November 2021

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                     +44 (0) 20 7907 8500

 Andrew Chubb

 Jay Ashfield

 Nilesh Patel
 Turner Pope Investments                  +44 (0) 20 3657 0050

 Andy Thacker

 James Pope

 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.

 

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