https://newsletter.mw.creamermedia.com

Andrada to receive first $10m under BWCAM earn-in imminently

Andrada CEO Anthony Viljoen

Andrada CEO Anthony Viljoen

4th February 2026

By: Marleny Arnoldi

Senior Deputy Editor Online

     

Font size: - +

Aim-listed tin, tantalum and lithium producer Andrada Mining has confirmed that it will receive an amount of $10-million from BWCAM for the initial development of the Brandberg West project, in Namibia, in the next few days.

This follows the completion of two key conditions triggering the initial BWCAM investment as part of a staged earn-in partnership.

Andrada entered into an agreement with an affiliate company of long-term investment firm ACAM that will result in Andrada receiving up to $51-million in funding to develop Brandberg West.

The agreement involves ACAM’s affiliate, BWCAM, earning up to 49% ownership of the project.

As per the agreement between the companies, Andrada has adopted a constitution formulated by ACAM, while BWCAM has attained a 30% shareholding in Brandberg West following the initial investment.  

BWCAM also opted to invest an additional $1-million in respect of an equity subscription for 24.2-million new Andrada shares.

"The receipt of the initial investment from BWCAM represents an important milestone for Andrada and marks the successful transition of the Brandberg West partnership from agreement to execution,” says Andrada CEO Anthony Viljoen.

He adds that the company is pleased to have fulfilled the key conditions enabling funding and to formally welcome BWCAM as a strategic partner at both the project and corporate level.

“This investment provides immediate momentum to advance the assessment of tailings recovery potential and broader exploration opportunities at Brandberg West.”

Brandberg West is a historical tungsten-, copper- and tin-producing mine, with the investments aimed at investigating tailings recovery potential and wider exploration studies over the licence area.

Andrada will be progressing various work programmes in coming months as it builds up to become a diversified critical metals producer in Namibia.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (30/01/2026)
30th January 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.134 0.219s - 129pq - 2rq
Subscribe Now