AfriTin Mining expands in Namibia with Tantalum Investment acquisition

Writer, Stock Market Wire
Tuesday, October 2, 2018 - 14:28

AfriTin Mining said it had agreed to acquire Tantalum Investment from Jan Jonathan Serfontein for £850k.

Tantalum Investment owned two exploration licenses in Namibia for tin, tantalum and other associated minerals.

One of the licences was for the Brandberg West tin-tungsten mine, which was mined by SWACO until the 1980's.

The deal would be funded via the issue of 25m new AfriTin shares at 3.4p each.

At 2:28pm: (LON:ATM) Afritin Mining Limited Ord Npv share price was -0.05p at 3.45p


Related content

AfriTin Ming reveals maiden resource estimate at Uis tin mine in Namibia

AfriTin Mining announced a maiden resource estimate for its Uis tin mine in Namibia of 71.5m tonnes of ore.

The ore was estimated to have...

Mon, 16/09/2019 - 14:04


AfriTin achieves first tin concentrate production; inks 1-year offtake agreement with Thaisarco

Tin mining company AfriTin Mining said it had achieved first production of tin concentrate at its flagship Uis Tin Mine in Namibia. The company also...

Mon, 19/08/2019 - 07:41


AfriTin Mining secures £2.4m working capital facility from Nedbank Namibia

Tin miner AfriTin Mining said it had secured a £2.4m working capital facility with Nedbank Namibia to help it develop the Uis mine in Namibia....

Fri, 16/08/2019 - 13:38


AfriTin Mining reports encouraging test result from Namibia tin play

AfriTin Mining reported positive assay results related to a drilling programme at its flagship Uis tine mine in Namibia.

Highglits included intersecting 40.5 metres of...

Wed, 26/06/2019 - 14:18


AfriTin Mining 'encouraged' by drilling results at Uis mine

AfriTin Mining said it was 'encouraged' by the second batch of drilling results at its Uis mine, which included a 109m intersection of mineralised pegmatite,...

Mon, 10/06/2019 - 09:21