About the company AfriTin Mining is a mining company with a portfolio of near production tin assets in Namibia (Uis project) and South Africa (Mokopane Tin). How it is doing 12 May 2021 AfriTin Mining Ltd (LON:ATM) said it has raised fresh funds in an oversubscribed share placing to expedite expansion and exploration at its flagship Uis tin mine in Namibia. The AIM-listed firm said it raised £13mln through the placing of around 216.7mln new shares at a price of 6p each, a 12.5% discount to its closing price on Tuesday, through an accelerated bookbuild process. Announcing plans for the placing after yesterday’s close, AfriTin said the funds will be used to accelerate the expansion of the Phase 1 plant at Uis which is aiming to increase nameplate production by 67% from 60 tonnes of tin concentrate per month to 100 tonnes.