-+ 0.00%
-+ 0.00%
-+ 0.00%

Andrada Mining, ACAM's Earn-in Deal for Namibia Project Wins Regulatory Nod

MT Newswires·08/05/2026 04:07:27
Listen to the news
04:07 AM EDT, 08/05/2026 (MT Newswires) -- Andrada Mining (ATM.L) said the earn-in agreement between its subsidiary Andrada Investments (Mauritius) and ACAM unit BWCAM for the Brandberg West polymetallic project in Namibia secured clearance from the Namibian Competition Commission. BWCAM will provide up to $51 million in staged funding to fast-track exploration and development work at the Brandberg West polymetallic prospecting license in exchange for up to a 49% stake in Andrada Investments, according to a Wednesday filing. Andrada's subsidiary Grace Timon Investments (Proprietary) holds the prospecting license. The London-listed tin producer added that diamond drilling at Brandenburg West is ongoing and it has started the sampling of waste-stream minerals from the site.