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Elementos Limited ( (AU:ELT) ) has shared an announcement.
Elementos Limited’s quarterly report reveals significant advancements in its major projects, particularly the Oropesa Tin Project in Spain and the Cleveland Tin Project in Tasmania. The completion of a Definitive Feasibility Study for Oropesa is anticipated in March 2025, and the company is strategically positioning itself in the European Union with a prospective acquisition of a 50% stake in the Robledallano Tin Smelter. Additionally, Elementos has made notable progress in its Cleveland Project, discovering significant mineral deposits and securing financial backing through a $3.8 million capital raise. These developments are poised to enhance Elementos’ operational capacity and strengthen its market position in the tin industry.
More about Elementos Limited
Elementos Limited is an ASX-listed company specializing in tin mining, with development projects located in Andalucia, Spain, and Tasmania, Australia. The company is focused on meeting the rising global demand for tin, particularly for electronic solder, and aims to establish itself as a key mine-to-metal supplier within the European Union.
YTD Price Performance: -30.0%
Average Trading Volume: 19,000
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $9.13M
Find detailed analytics on ELT stock on TipRanks’ Stock Analysis page.
