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Greenland Minerals Limited ( (AU:ETM) ) has shared an announcement.
Energy Transition Minerals has completed an updated JORC-compliant Mineral Resource Estimate for the Penouta tin-tantalum-niobium mine in north-west Spain, replacing an earlier foreign resource statement. The Penouta asset, which ETM is in the process of acquiring outright, is positioned as a rare EU-based source of tin and tantalum and a key contributor to Europe’s drive for secure, domestic critical mineral supplies.
The new resource forms the foundation for detailed mine planning and an operational review aimed at restarting production at the previously operating site. ETM plans to use the updated data to build a refreshed economic model and declare an Ore Reserve Estimate, steps that could reinforce its role in the European critical minerals sector and support long-term operations benefiting local stakeholders and regional supply chain resilience.
More about Greenland Minerals Limited
Energy Transition Minerals Ltd is an Australian-listed resources company focused on critical minerals, with assets including the Penouta tin-tantalum-niobium mine in Galicia, Spain. The company targets metals such as tin and tantalum that are essential for electronics, high-technology applications and the energy transition, with a strategic emphasis on supplying the European Union’s critical minerals value chain.
YTD Price Performance: -25.27%
Average Trading Volume: 6,835,576
Technical Sentiment Signal: Sell
Current Market Cap: A$149.5M
For an in-depth examination of ETM stock, go to TipRanks’ Overview page.