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The latest update is out from Greenland Minerals Limited ( (AU:ETM) ).
Energy Transition Minerals Limited has successfully acquired the Penouta tin-tantalum-niobium mine in Galicia, Spain, marking a significant strategic move as it becomes the only producer of these critical metals in Europe. The acquisition, valued at €5.2 million, is expected to strengthen ETM’s position in the critical minerals market, aligning with Europe’s industrial and technological goals. The company also secured a $10 million strategic placement from OCJ Investment to support this acquisition and further its growth strategy. This move enhances ETM’s portfolio by adding a near-term European asset, contributing to supply chain resilience and ethical sourcing of conflict-free minerals.
More about Greenland Minerals Limited
Energy Transition Minerals Limited (ASX:ETM) is a company focused on critical minerals, with a particular emphasis on tin, tantalum, and niobium. The company aims to enhance its jurisdictional and asset diversity by acquiring strategic assets in Europe, complementing its existing focus on Greenland.
Average Trading Volume: 1,530,256
Technical Sentiment Signal: Sell
Current Market Cap: A$68.26M
For a thorough assessment of ETM stock, go to TipRanks’ Stock Analysis page.