Andrada Mining (GB:ATM) has released an update.
Andrada Mining Limited has secured a substantial NAD 175 million funding agreement with Bank Windhoek Limited, aiming to bolster its mining operations in Namibia. The deal, meant to replace existing facilities, will be directed towards retiring previous debts, funding growth initiatives, and providing working capital. The investment is set to enhance production, accelerate exploration, and contribute to Namibia’s economic growth, reflecting both Andrada’s and Bank Windhoek’s commitment to the country’s mining sector and sustainable development.
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