Gowling WLG has advised AIM‑listed Andrada Mining Limited on its conditional, staged earn‑in partnership with global investment firm ACAM, which will provide up to USD $51 million in funding to advance the Brandberg West polymetallic project in Namibia.

Under the agreement, ACAM’s affiliate BWCAM Limited will make an initial USD $10 million investment for a 30% interest in Andrada Investments (Mauritius) Limited, followed by a USD $1 million subscription into Andrada Mining. BWCAM then has the option to invest a further USD $40 million for an additional 19% stake, subject to defined milestones and regulatory approvals.

The staged funding will support expanded exploration, tailings‑recovery assessment, metallurgical studies and feasibility work at Brandberg West, a historical tin, tungsten and copper mine in Namibia’s Erongo region. Andrada will retain operational control throughout the earn‑in period, drawing on its established technical expertise, including the successful development and operation of the Uis processing facility.

Legal Director Sue Johnston led the Gowling WLG team, supported by Natural Resources Sector Leader (UK) Charles Bond.

Gowling WLG’s Natural Resources team is recognised for its deep sector expertise across the mining lifecycle and its ability to deliver pragmatic, commercially focused advice across jurisdictions. The team advises on capital markets transactions, M&A, regulatory matters and project development for clients operating in key commodity markets worldwide.