AIM-listed Andrada Mining Limited, a tin producer with a portfolio of critical minerals mining and exploration assets in Namibia, has confirmed that following the announcement of 21 January 2026, the two key conditions that trigger the initial investment by BWCAM Limited (BWCAM) an affiliate of ACAM LP as part of its staged earn-in partnership, have now been satisfied.
HIGHLIGHTS
- Andrada will receive the USD10 million (£7.3million) ¹ towards the initial development of Brandberg West in the next few days.
- The AIML constitution has been adopted and officers to the AIML Board of Directors (the Board) have been appointed.
- BWCAM will attain 30% shareholding in AIML a soon as the funds are received.
- Proceeds to expedite investigation of tailings recovery potential
- BWCAM has invested USD1million (£728 863) for equity subscription in Andrada through the issue of 24 295 432 new Ordinary Shares (the Subscription Shares).
Anthony Viljoen, Chief Executive Officer, commented: “The receipt of the initial investment from BWCAM represents an important milestone for Andrada and marks the successful transition of the Brandberg West partnership from agreement to execution. We are pleased to have fulfilled these key conditions enabling funding and to formally welcome BWCAM as a strategic partner at both the project and corporate level. This investment provides immediate momentum to advance the assessment of tailings recovery potential and broader exploration opportunities at Brandberg West. The concurrent equity subscription further aligns interests and reinforces ACAM’s confidence in our team, our assets and our disciplined approach to value creation. We look forward to progressing the agreed work programmes over the coming months as we continue to build Andrada into a diversified critical metals producer positioned to benefit from the potentially long-term structural demand.”
