London Stock Exchange welcomes AfriTin to AIM
London Stock Exchange today welcomes AfriTin Mining Ltd ("AfriTin"). AfriTin was formed in 2017, to acquire Greenhills Resources Limited, a wholly owned subsidiary of Bushveld, an AIM quoted diversified mineral development company. AfriTin's key assets include an 85% interest in the Uis Tin Project in Namibia, a brownfield near term production opportunity, which was once the largest open cast tin mine of its kind in the world. Uis is located in the Erongo Region, north west of Windhoek Namibia, and is comprised of three separate mining licenses. Uis contains a historic non JORC compliant resource of 70,000 tonnes of tin (Sn). The area was extensively mined by South African state owned ISCOR up until the collapse of the tin price in the late 80's. The Company also holds a portfolio of tin assets in South Africa which include the Mokopane tin project and the Zaaiplaats Tin Tailings project.
AfriTin's strategy is to take advantage of the current global deficit for tin and become the first AIM quoted, conflict-free tin mining company and an African tin champion.
Commenting on the listing, CEO Anthony Vijoen, CEO commented:
"Today's listing of AfriTin marks the start of an exciting new phase in our journey. In de-merging from Bushveld and admitting to AIM as a separate entity, we have become the only pure play tin company listed on AIM.
"Having been first discovered in 1911, our flagship project, Uis, was once the largest hard-rock tin mine in the world. There is significant infrastructure already in place at site in a mining friendly jurisdiction of Namibia. Tin has been one of the best performing commodities of late driven by the growth in demand for lead-free solder alloys as well as new markets such as electric vehicles.
"We have an extremely experienced management team with deep knowledge of mine production on board, as well a board of directors with a track record of realising value for minerals resources project. We believe all of these factors will help to establish the Company as the African tin champion."
AfriTins' Broker and Nominated Advisor is WH Ireland. Other advisers include Gowling WLG (legal adviser), ENSafrica (legal adviser, South Africa) and Tavistock Communications (PR adviser).