The latest announcement is out from Andrada Mining ( (GB:ATM) ).
Andrada Mining Limited has received approval from the Namibian Competition Commission for its earn-in agreement with Sociedad Química y Minera de Chile SA (SQM), marking a significant milestone in its lithium market strategy. This partnership, involving a potential USD40 million investment from SQM, is expected to accelerate the development of the Lithium Ridge project in Namibia, fostering socio-economic growth in the region and enhancing Andrada’s position as a key player in the critical raw materials sector.
More about Andrada Mining
Andrada Mining Limited, listed on the London Stock Exchange (AIM), New York (OTCQB), and Namibia Stock Exchange, operates mining assets in Namibia, a top-tier investment jurisdiction in Africa. The company focuses on producing critical raw materials such as tin, tantalum, and lithium, aiming to support sustainable development and community upliftment. Andrada is strategically positioned to become a leading African producer of critical metals essential for the green energy transition, including tin, lithium, tungsten, tantalum, and copper.
YTD Price Performance: -6.67%
Average Trading Volume: 13,382
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $43.47M
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