Andrada Mining Limited has announced a strategic partnership with Sociedad Química Minera de Chile SA (SQM) through SQM Australia to develop the Lithium Ridge asset, which spans approximately 3,300 hectares and is located 35 kilometers from the Uis Mine in Namibia. This collaboration is set to enhance local economic activity and job creation, with SQM committing to invest USD 20 million over the next 3.5 years for exploration and feasibility studies. Notably, 99% of Andrada's workforce is Namibian, and 95% of its supply expenditure is within Namibia, underscoring its commitment to local development. Additionally, Andrada has increased its ownership of the Uis Tin Mining Company from 85% to 100%, further solidifying its presence in the region. This partnership reflects a growing trend of international mining companies investing in local economies to foster sustainable development and renewable energy initiatives. [373269cd] [aaa60b63] [18b08ef0] [b6708759] [f43eafa9] [6a2bf2a9]