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Energy Transition Minerals Ltd (ASX:ETM)
ALERT: Price-sensitive ASX Announcement for ETM
Current share price for ETM : $0.050 -0.018 (-26.47%)+
Announcement
Release
4 May 2026 8:25AM
Price at Release
$0.068
Full Release
Summary
Energy Transition Minerals Ltd (ETM) has announced an updated Mineral Resource Estimate (MRE) for the Penouta Tin-Tantalum-Niobium Mine in Spain, reported in accordance with the JORC Code as of May 1, 2026. The Penouta Mine, positioned as the only operating tin-tantalum mine in Europe, stands as a critical asset in the EU's strategic supply chain for critical minerals. The MRE lays the groundwork for future mining operations and supports ETM's plans to restart the mine, aiming to complete a detailed operational review and an Ore Reserve Estimate. The strategic acquisition of Penouta is set to provide ETM with a significant position within the European critical minerals market, aligning with the EU’s policy for strengthening domestic supply chains.
Key Points
- Energy Transition Minerals Ltd (ETM) announced a Mineral Resource Estimate (MRE) for the Penouta Tin-Tantalum-Niobium Mine.
- The MRE is reported in accordance with the JORC Code (2012) as of May 1, 2026.
- Penouta is strategically positioned as the only operating tin-tantalum mine in Europe.
- The MRE serves as a foundation for future mining operations and supports ETM's goals to restart the mine.
- ETM plans to complete a detailed operational review and an Ore Reserve Estimate.
- The MRE includes parameters such as long-term metal prices, metallurgical recoveries, and environmental considerations.
- Penouta's strategic value is highlighted by its potential contribution to the EU's critical minerals supply chain.
- ETM's acquisition of Penouta will provide a significant foothold in the European critical minerals sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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