Andrada Mining signs a legally binding agreement to acquire SMU's 15% stake in Namibia's Uis Tin Mining Co, aiming for 100% ownership and streamlined operations.
Andrada Mining signs a legally binding agreement to restructure Namibia's Uis Tin Mining Co (UTMC), aiming to increase its ownership from 85% to 100% by acquiring SMU's 15% stake. The restructuring simplifies ownership structure, streamlines operations, and introduces project-specific financing for rapid asset development. Andrada plans to collaborate with SMU to unlock critical minerals while empowering local Namibians.
June 27, 2024
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