Afritin shareholders approve company name change to Andrada Mining Ltd



Afritin Limited shareholders approved changing the company's name to Andrada Mining Limited.

The London-listed technology metals mining company owns Uis Tin Mine in Namibia.

The company announced the news in a statement dated 5 January 2023 after an extraordinary general meeting held at its headquarters in Guernsey.

After approval, Afritin applied to the Registrar of Companies in Guernsey to register this name change. 

The change takes effect upon receipt of confirmation from the registrar of companies. 

Afritin announced in December 2022 that it would seek the shareholders' approval to change its to Andrada Mining Limited.

Jose Bonifacio de Andrada e Silva is 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. 

According to Afritin, the reason for changing its name was because the management believes that the Uis licence could host a globally significant lithium resource.

Afritin chief executive officer Anthony Viljoen said the change of name proposed reflects the importance the lithium resource would bring to the company's 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 remain a key part of our strategy, whilst signalling to investors our purpose to deliver materials key to the energy transition."

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