AfriTin Mining Ltd Lending Facility Update (0073S)
11 November 2021 - 4:29AM
UK Regulatory
TIDMATM
RNS Number : 0073S
AfriTin Mining Ltd
10 November 2021
10 November 2021
AfriTin Mining Limited
("AfriTin" or the "Company")
Lending Facility Update
AfriTin Mining Limited (AIM: ATM), an African tin mining company
with its flagship asset, the Uis Tin Mine ("Uis") in Namibia,
states that, further to the announcement dated 21 September 2021
(the "Announcement") the Company confirms it has agreed an extended
deadline to complete all legal documentation with Standard Bank
Namibia Limited (the "Bank"). It is agreed that the credit approved
terms already agreed with the Bank which were due to lapse end of
October 2021 are still valid until 30 November 2021. The Company
anticipates executing the banking facilities outlined in the
Announcement before this new deadline.
AfriTin Mining Limited +27 (11) 268 6555
Anthony Viljoen, CEO
Nominated Adviser +44 (0) 207 220 1666
WH Ireland Limited
Katy Mitchell
Corporate Advisor and Joint Broker
H&P Advisory Limited
Andrew Chubb
Jay Ashfield
Nilesh Patel +44 (0) 20 7907 8500
Turner Pope Investments
Andy Thacker
James Pope +44 (0) 20 3657 0050
Tavistock Financial PR (United
Kingdom) +44 (0) 207 920 3150
Jos Simson
Nick Elwes
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in
London and its vision is to create a portfolio of globally
significant, conflict-free, tin-producing assets. The Company's
flagship asset is the Uis Tin Mine in Namibia, formerly the world's
largest hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current strategy to ramp-up production at
the Uis Tin Mine in Namibia to 10,000 tonnes of concentrate in a
Phase 2 expansion, having reached Phase 1 commercial production in
2020. The Company strives to capitalise on the solid supply/demand
fundamentals of tin by developing a critical mass of tin resource
inventory, achieving production in the near term and further
scaling production by consolidating tin assets in Africa.
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END
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