**Summary**
Andrada Mining Limited has announced a USD51 million partnership with ACAM LP to accelerate the development of the Brandberg West (BW) polymetallic project in Namibia. The agreement is structured as a staged earn-in, allowing ACAM to acquire up to 49% of Andrada’s subsidiary, Andrada Investments (Mauritius) Limited (AIML), which holds the BW license. The initial investment of USD10 million grants ACAM a 30% stake, with an additional USD40 million for a further 19% contingent on meeting specific milestones. BW, a historical mine with significant copper, tungsten, and tin deposits, is strategically important due to the growing demand for these critical minerals in the global energy transition. Andrada retains operational control, leveraging its expertise in large-scale project implementation. The partnership aims to unlock BW’s potential, enhance Andrada’s diversified critical mineral portfolio, and align both parties through clearly defined milestones. The transaction is subject to regulatory approvals, including the Namibian Competition Commission (NaCC), with a put option for ACAM if conditions are not met. This collaboration marks a significant step in Andrada’s growth strategy, positioning it as a leading critical minerals producer in Africa.