Tin producer Andrada Mining achieved a record operational performance and positive free cash flows at its Uis mine, in Namibia, for the quarter ended February 28, providing a solid foundation for growth and the scaling of production over the coming year, CEO Anthony Viljoen notes in a business update to shareholders for the quarter and financial year ended February 28.

"Tin concentrate production increased by 20% year-on-year, reflecting continued operational improvements and supporting cash flow generation across the Group. The extension of our long-standing partnership with our tin offtaker, Thaisarco, as well as the injection of capital from the European Investment Bank‘s technical assistance facility for the integration of the lithium processing circuit, further adds value as we scale production at Uis," he comments.

Tin concentrate production increased to 453 t for the fourth quarter, while full-year tin concentrate production increased by 15% year-on-year to 1 740 t.

Andrada states that the quarter concluded a transformational financial year for the company, with it having established strategic partnerships that fully fund the accelerated development of its broader portfolio of critical minerals.

"We are delivering on our long-term strategy of consolidating highly prospective historic mining assets, attracting world-class partners to accelerate their development, at a time of record commodity prices and immense strategic significance for our critical minerals portfolio.

"The conclusion of the Brandberg West partnership with ACAM provides exposure to a high-grade, tungsten mine with associated tin and copper credits. This comes at a time of record high prices for tungsten and a strong support for these sustained price levels," says Viljoen.

Andrada in January announced that it had entered into an agreement with an affiliate company of long-term investment firm ACAM. Under the terms of the agreement, the ACAM affiliate may earn up to a 49% interest in the Brandberg West project, in Namibia, in exchange for $51-million in funding to accelerate exploration and development at the project.

"We are pleased that Andrada enters the 2027 financial year with institutional backing from world-class partners and a derisked growth pipeline. We have built the operational record and institutional partnerships necessary to deliver sustained value creation," Viljoen states.