TIDMATM

RNS Number : 6769I

AfriTin Mining Ltd

06 December 2022

6 December 2022

AfriTin Mining Limited

("AfriTin" or the "Company")

Notice of EGM and Proposed Change of Name

Proposal to rebrand to Andrada Mining Limited reflecting significant lithium discovery

AfriTin Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, provides notice of an Extraordinary General Meeting ("EGM") of AfriTin Mining Limited to be held at 11:00am on 5 January 2023 at the Company's offices at PO Box 282, Oak House, Hirzel Street, St Peter Port, Guernsey GY1 3RH.

As part of the EGM, the Company is seeking to change its name to Andrada Mining Limited, reflecting the Company's expanding lithium and tantalum resources alongside its existing tin production. The new name originates from Jose Bonifacio de Andrada e Silva, the Brazilian mineralogist and professor who first discovered petalite and spodumene which are major lithium bearing minerals and a precursor to the identification of lithium. Management believes that the Uis licence could host a globally significant lithium resource.

In addition, the Company is pleased to re-propose an extraordinary resolution which relates to the right to issue shares and options for Management. This extraordinary resolution was proposed as resolution 9 at the Company's 2022 AGM but was not passed at that meeting. The re-proposal of the resolution follows engagement and consultation with investors regarding its remuneration policy.

Commenting on the proposed name change, Anthony Viljoen, CEO, commented: "The change of name proposed reflects the importance that our lithium resource will bring to our expanding production base. The name change pays homage to an individual who discovered what is now such an important lithium mineral. It also marks the expanded production for us in Namibia beyond our existing tin operations, which still remain a key part of our strategy, whilst signalling to investors our purpose to deliver materials key to the energy transition. "

Additional Details

A copy of the notice of Extraordinary General Meeting and associated proxy form will be posted to shareholders today to those who have elected to receive hard copies of all documents and otherwise copies will be available on the Company's website www.afrtinmining.com.

For a direct link to details of the proposal and the notice of the General Meeting please click on, or paste the following link into your web browser:

https://afritinmining.com/company-reports/EGM-Notice-12.2022.pdf

https://afritinmining.com/company-reports/EGM-Form-of-Proxy-12.2022.pdf

ENDS

 
 AfriTin Mining Limited 
  Anthony Viljoen, CEO                 +27 (11) 268 6555 
 Nominated Adviser 
  WH Ireland Limited 
  Katy Mitchell                          +44 (0) 207 220 
  Andrew de Andrade                                 1666 
 Corporate Advisor and Joint Broker 
  H&P Advisory Limited 
  Andrew Chubb                           +44 (0) 20 7907 
  Jay Ashfield                                      8500 
 Stifel Nicolaus Europe Limited 
  Ashton Clanfield 
  Callum Stewart                         +44 (0) 20 7710 
  Varun Talwar                                      7600 
 Financial PR (United Kingdom) 
  Tavistock 
  Emily Moss 
  Catherine Drummond                     +44 (0) 207 920 
  Adam Baynes                                       3150

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining Limited is a London-listed technology metals mining company with a vision to create a portfolio of globally significant, conflict-free, producing and exploration 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 Mine in Namibia to more than 10,000 tonnes of tin concentrate and 350,000 tonnes of lithium 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 and lithium by developing a critical mass of resource inventory, achieving production in the near term and further scaling production by consolidating assets in Africa.

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END

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