Lithium concentrate production

The European Investment Bank (EIB) has approved up to €2 million ($2.4 million) in non-dilutive funding to support Andrada Mining’s lithium expansion at Namibia’s Uis Mine, strengthening Europe’s push to secure critical raw materials for electric vehicle batteries and renewable energy storage.

EIB strengthens Namibia lithium push
The funding, provided under the European Union’s Critical Raw Materials Technical Assistance Facility, will accelerate feasibility work on the Uis Lithium Expansion Project.

The initiative is expected to move the project toward bankable feasibility, a key milestone for unlocking long-term project financing.

Uis Mine expansion gains momentum
Through its subsidiary, Uis Tin Mining Company, Andrada Mining aims to produce up to 50,000 tonnes per annum of lithium (petalite) concentrate. The lithium will be recovered from existing processing waste streams, reinforcing the project’s sustainability profile.

Chief Executive Officer Anthony Viljoen described the EIB partnership as a strategic validation of Uis Mine’s importance within the global critical minerals ecosystem.

EU secures battery metal supply
As the European Union intensifies efforts to reduce dependence on concentrated supply chains for battery metals, Namibia is emerging as a strategic African partner in lithium production.

The project is also expected to generate local employment, strengthen Namibia’s mining sector, and deepen Europe–Africa cooperation in the energy transition.

Africa’s role in energy transition
With institutional backing from the EIB, Andrada Mining is positioning itself as a long-term supplier of lithium into global green energy markets, enhancing shareholder value while advancing EU decarbonization goals.