REG - AfriTin Mining Ltd - Notice of EGM and Proposed Change of Name

Andrada MiningAnnouncement

06/12/2022 07:00

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RNS Number : 6769I  AfriTin Mining Ltd  06 December 2022

6 December 2022

AfriTin Mining Limited

("AfriTin" or the "Company")

Notice of EGM and Proposed Change of Name

Proposal to rebrand to Andrada Mining Limited reflecting significant lithium
discovery

AfriTin Mining Limited (AIM: ATM), an African technology metals mining company
with a portfolio of mining and exploration assets in Namibia, provides notice
of an Extraordinary General Meeting ("EGM") of AfriTin Mining Limited to be
held at 11:00am on 5 January 2023 at the Company's offices at PO Box 282, Oak
House, Hirzel Street, St Peter Port, Guernsey GY1 3RH.

As part of the EGM, the Company is seeking to change its name to Andrada
Mining Limited, reflecting the Company's expanding lithium and tantalum
resources alongside its existing tin production. The new name originates from
Jose Bonifacio de Andrada e Silva, the Brazilian mineralogist and professor
who first discovered petalite and spodumene which are major lithium bearing
minerals and a precursor to the identification of lithium.  Management
believes that the Uis licence could host a globally significant lithium
resource.

In addition, the Company is pleased to re-propose an extraordinary resolution
which relates to the right to issue shares and options for Management. This
extraordinary resolution was proposed as resolution 9 at the Company's 2022
AGM but was not passed at that meeting. The re-proposal of the resolution
follows engagement and consultation with investors regarding its remuneration
policy.

Commenting on the proposed name change, Anthony Viljoen, CEO, commented: "The
change of name proposed reflects the importance that our lithium resource will
bring to our expanding production base. The name change pays homage to an
individual who discovered what is now such an important lithium mineral. It
also marks the expanded production for us in Namibia beyond our existing tin
operations, which still remain a key part of our strategy, whilst signalling
to investors our purpose to deliver materials key to the energy transition."

 

Additional Details

A copy of the notice of Extraordinary General Meeting and associated proxy
form will be posted to shareholders today to those who have elected to receive
hard copies of all documents and otherwise copies will be available on the
Company's website www.afrtinmining.com.

 

For a direct link to details of the proposal and the notice of the General
Meeting please click on, or paste the following link into your web browser:

https://afritinmining.com/company-reports/EGM-Notice-12.2022.pdf
(https://afritinmining.com/company-reports/EGM-Notice-12.2022.pdf)

https://afritinmining.com/company-reports/EGM-Form-of-Proxy-12.2022.pdf
(https://afritinmining.com/company-reports/EGM-Form-of-Proxy-12.2022.pdf)

ENDS

 

 

 AfriTin Mining Limited              +27 (11) 268 6555

 Anthony Viljoen, CEO
 Nominated Adviser

 WH Ireland Limited                  +44 (0) 207 220 1666

 Katy Mitchell

 Andrew de Andrade
 Corporate Advisor and Joint Broker

 H&P Advisory Limited                +44 (0) 20 7907 8500

 Andrew Chubb

 Jay Ashfield

 Stifel Nicolaus Europe Limited      +44 (0) 20 7710 7600

 Ashton Clanfield

 Callum Stewart

 Varun Talwar
 Financial PR (United Kingdom)

 Tavistock                           +44 (0) 207 920 3150

 Emily Moss

 Catherine Drummond

 Adam Baynes

 

 

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining Limited is a London-listed technology metals mining company
with a vision to create a portfolio of globally significant, conflict-free,
producing and exploration 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 Mine in Namibia to
more than 10,000 tonnes of tin concentrate and 350,000 tonnes of lithium
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 and lithium by developing a critical mass of
resource inventory, achieving production in the near term and further scaling
production by consolidating assets in Africa.

 

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