Andrada today released the first drill results from the Lithium Ridge project in Namibia. The company operates the Uis tin–tantalum mine and is advancing Lithium Ridge in partnership with SQM (NYSE: SQM; Market Cap: $20.4bn). Under a staged earn‑in agreement, SQM will fund up to $40m of exploration to earn a 50% interest in the project. In Phase 1, SQM will provide up to $7m to secure an initial 30% stake.
