REG - Andrada Mining Ltd - Strategic Equity Placement To Accelerate Growth

Andrada MiningAnnouncement

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RNS Number : 0922B  Andrada Mining Limited  20 April 2026

THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ANDRADA MINING LIMITED.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

Andrada Mining Limited

("Andrada" or the "Company")

Strategic Equity Placement To Accelerate Growth
Investor Presentation
Andrada Secures USD11 million (£8.1 million) to Accelerate Growth Into Strong Commodity Markets

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a tin producer with a
portfolio of critical minerals mining and exploration assets in Namibia, has
successfully completed a private placement with strategic investors. The
Company has raised USD11 million (£8.1 million) * before expenses through a
placing (the "Fundraising") of 226,337,448 ordinary shares (the new
"Fundraising Shares") in the Company at a price of 3.6 pence per share
(the "Issue Price"). Zeus Capital Limited ("Zeus") and H&P Advisory
Limited ("Hannam") were joint-bookrunners (the "Joint Bookrunners") for the
Fundraising.

Anthony Viljoen, Chief Executive Officer, commented:

"The completion of this placement with some key strategic investors, comes at
a pivotal juncture for Andrada. The funding allows the Company to scale up
operations and advance various growth initiatives, whilst deriving maximum
benefit from the high commodity price environment. Importantly, this fundraise
completes the current equity financial requirements for the Group. This
funding, along with current tin prices and production provides the pathway for
the Company to complete its expansion programme at Uis, with the exploration
programmes at Lithium Ridge and Brandberg West already funded by strategic
partners SQM and BWCAM."

USE OF PROCEEDS

The financing comes at a well-timed inflection point for the Company. The goal
is to rapidly scale production capacity by enhancing exposure to strong
critical minerals prices, strengthening institutional backing, and
accelerating cash flow. Specifically, the proceeds of the fundraise will be
used to accelerate production growth at the Uis operation by funding key
operational upgrades and expansion initiatives, including the installation of
additional crushing capacity to increase throughput, accelerated stripping
activities to access ore more quickly, and updates to resource and reserve
estimates.

INVESTOR PRESENTATION VIA INVESTOR MEET COMPANY

Andrada's CEO, Anthony Viljoen and CFO, Hiten Ooka will host an investor
presentation via Investor Meet Company on 06 May 2026 at 9.00 a.m. BST. The
presentation is open to all existing and potential shareholders. Questions can
be submitted pre-event via the Investor Meet Company dashboard up until 05 May
2026, 9.00 a.m. BST, or at any time during the live presentation. Investors
can sign up to Investor Meet Company for free and register for Andrada's
presentation at:
https://www.investormeetcompany.com/andrada-mining-limited/register-investor
(https://www.investormeetcompany.com/andrada-mining-limited/register-investor)
.

Admission

Application has been made to the London Stock Exchange for the 226,337,448
Fundraising Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will take place and dealings in the Fundraising Shares
will commence at 8.00 a.m. BST on 23 April 2026. The Fundraising Shares,
when issued, will be fully paid and will rank pari passu in all respects
with the existing ordinary shares of the Company in issue, including the right
to receive all dividends and other distributions declared, made or paid after
the date of issue.

Additional Information

The Fundraising is conditional on, among other things, Admission of the
Fundraising Shares becoming effective at 8.00am BST on  23 April 2026 or such
later time and/or date as the Company and the Joint Bookrunners agree, not
being later than 8.00am BST on 20 May 2026 and the placing agreement entered
into between the Company and the Joint Bookrunners not being terminated in
accordance with its terms prior to Admission. The Issue Price represents a
discount of 10% to the Company's share price of 4.0p at close on 17 April
2026, being the last practicable date prior to the publication of this
announcement.

Total voting rights

Following Admission, the total number of Ordinary Shares in issue, with voting
rights, in the capital of the Company will be 2,198,914,748. This figure may
be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company's share capital pursuant to (i) the
Company's Articles, (ii) the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies
issued by the London Stock Exchange plc as amended from time to time.

*1£ = 1.35 USD

 CONTACT
 ANDRADA MINING LIMITED
 Anthony Viljoen, CEO                         +27 (11) 268 6555

 Sakhile Ndlovu, Head of Investor Relations

 NOMINATED ADVISOR & BROKER
 Zeus Capital Limited                         +44 (0) 20 2382 9500

Katy Mitchell

 Andrew de Andrade

 Harry Ansell

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

Andrew Chubb

 Jay Ashfield

 Matt Hasson

 Berenberg                                    +44 (0) 20 3753 3040

Jennifer Lee

 FINANCIAL PUBLIC RELATIONS
 Tavistock (United Kingdom)                   +44 (0) 207 920 3150

Emily Moss

                                            andrada@tavistock.co.uk
 Josephine Clerkin

 

About Andrada Mining Limited

Andrada Mining Limited, listed on the London Stock Exchange's AIM market, is a
tin producer with a portfolio of critical minerals mining and exploration
assets in Namibia, a premier investment destination in Africa. The Company's
strategy focuses on unlocking Namibia's abundant mineral resources via
best-in-class strategic partnerships across its resource base, enhancing the
country's reputation as a leading global hub for African critical mineral
investment. Andrada is actively scaling up tin production alongside lithium,
tantalum, tungsten and copper, steadily broadening its operational footprint
and output. The Company aims to supply critical raw materials from its
extensive resource portfolio to support a sustainable future, improve quality
of life, and uplift communities near its operations. These critical metals
play a crucial role in the green energy transition, serving as essential
components for electric vehicles, solar panels, and wind turbines.

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