Zeus acted as Joint Bookrunner and Broker in the $11m placing for Andrada Mining

Zeus is pleased to announce that it has acted as Joint Bookrunner and Broker in $11m (£8.1m) placing for Andrada Mining.

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF) is  a tin producer with a portfolio of critical minerals mining and exploration assets in Namibia, a premier investment destination in Africa.

The proceeds of the placing will be used to accelerate production growth at the Uis operation by funding key operational upgrades and expansion initiatives, including the installation of additional crushing capacity to increase throughput, accelerated stripping activities to access ore more quickly, and updates to resource and reserve estimates.

This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.