AfriTin secures £2.05m loan facility

Aim-listed AfriTin Mining has secured £2.05-million in a new loan note facility, with the funds to be used to improve its financial position as production ramps up at its flagship Uis tin mine, in Namibia, and to mitigate any potential effects of the Covid-19 pandemic on future tin shipments or the company’s wider supply chain. The loan note facility includes the entering into of unsecured loan notes with Yellow Dragon Holdings, a private, strategic investor in African resource projects.