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Alphamin Resources Corp
Symbol AFM
Shares Issued 1,278,710,479
Close 2025-04-08 C$ 0.60
Market Cap C$ 767,226,287
Recent Sedar Documents

Alphamin resuming Bisie ops as armed rebels retreat

2025-04-09 09:00 ET - News Release

Mr. Maritz Smith reports

ALPHAMIN ANNOUNCES DECISION TO RESUME MINING OPERATIONS

Alphamin Resources Corp. is initiating a phased resumption of operations at the company's Bisie tin mine in Walikale district, North Kivu province, east-central Democratic Republic of the Congo (DRC). This decision was made after the withdrawal of insurgents eastward from the town of Walikale toward the towns of Nyabiondo and Masisi, more than 130 kilometres to the east of the company's mine site. The company intends to redeploy employees as part of a plan to restart tin production in phases while it continues to monitor the security situation. The mine is adequately supplied with consumables and spares to support the resumption of production.

Following the orderly evacuation of the mine during mid-March, 2025, the care-and-maintenance activities and tin concentrate export logistics continued without interruption. During the period Jan. 1, 2025, to April 8, 2025, approximately 4,500 tonnes of contained tin was sold and exported, with roughly 280 tonnes still in transit and limited concentrate stock currently on hand. Contained tin production of 4,270 tonnes was achieved during the first quarter of 2025 until operations ceased on March 13, 2025, due to security concerns.

Alphamin's audited consolidated financial statements and accompanying management's discussion and analysis for the year and quarter ended Dec. 31, 2024, are expected to be released on or about April 17, 2025.

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