AfriTin Mining announce EGM to discuss proposed name change
Published by Joe Toft,
Editorial Assistant
Global Mining Review,
As part of the EGM, the company is seeking to change its name to Andrada Mining Limited, reflecting the company’s expanding lithium and tantalum resources alongside its existing tin production. The new name originates from Jose Bonifacio de Andrada e Silva, 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. Management believes that the Uis licence could host a globally significant lithium resource.
In addition, the company is pleased to re-propose an extraordinary resolution which relates to the right to issue shares and options for management. This extraordinary resolution was proposed as resolution nine at the company's 2022 AGM but was not passed at that meeting. The re-proposal of the resolution follows engagement and consultation with investors regarding its remuneration policy.
Commenting on the proposed name change, Anthony Viljoen, CEO, commented:
“The change of name proposed reflects the importance that our lithium resource will bring to our 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 still remain a key part of our strategy, whilst signalling to investors our purpose to deliver materials key to the energy transition.”
Read the article online at: https://www.globalminingreview.com/mining/06122022/afritin-mining-announce-egm-to-discuss-proposed-name-change/
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