Andrada Mining Limited has reinforced its long-standing partnership with Thailand Smelting & Refining Co., securing both extended offtake terms and fresh funding to support the expansion of its Uis tin operation in Namibia. Under the revised agreement, Thaisarco will retain exclusive rights to purchase all tin concentrate produced, while providing a $3mn unsecured, interest-free advance structured as a prepayment against future deliveries. The flexible repayment terms will, largely at the company’s discretion, offer additional liquidity as Andrada scales production in response to strengthening demand.
The move underscores the strategic importance of Uis within global tin supply chains and highlights growing confidence from industrial partners in the asset’s expansion potential. By combining secured offtake with non-dilutive funding, the agreement reflects a broader trend among smaller miners to leverage commercial relationships to fund growth, reducing balance sheet strain while maintaining exposure to rising commodity prices.