Andrada Mining (ATM) has announced a conditional, staged earn-in agreement with ACAM LP (“ACAM”) to advance exploration and development at Brandberg West (“BW”). The US$51m partnership will enable ACAM to earn up to a 49% stake in BW, with ATM retaining operational control of the asset. The earn-in structure includes an Initial Investment of US$10m for a 30% interest, an equity subscription valued at US$1m and, an optional Follow-on Investment of US$40m for an additional 19% interest. ACAM is an ....
