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Energy Transition Minerals Ltd (ASX:ETM)

ALERT: Price-sensitive ASX Announcement for ETM
Current share price for ETM : $0.039 -0.028 (-41.79%)+
Announcement
Release
12 May 2026 8:22AM
Price at Release
$0.067
Full Release
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Summary
Energy Transition Minerals Ltd has entered into a non-binding Memorandum of Understanding (MOU) with Traxys Europe S.A. for the offtake of tin, tantalum, and niobium concentrates from the Penouta mine in Spain. The MOU, which can lead to a binding agreement, allows Traxys to acquire up to 100% of the offtake with the exclusive right to market and distribute the products, subject to ETM's consent. The agreement, valid for 12 months, focuses on establishing both direct and third-party funding opportunities. Key provisions include exclusivity and confidentiality clauses, and the MOU is subject to board and shareholder approvals.
Key Points
  • Non-binding MOU signed with Traxys Europe S.A.
  • Traxys to acquire up to 100% of offtake from Penouta mine.
  • The MOU has a term of 12 months, renewable or convertible.
  • Focus on tin, tantalum, and niobium concentrates.
  • MOU includes exclusivity and confidentiality provisions.
  • ETM to evaluate funding opportunities including debt/equity.
  • Traxys to market, distribute, and sell products with ETM consent.
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.