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Merida Minerals Holdings Inc ( (TSE:ESPN) ) has shared an update.
Hispania Resources has advanced its Lumbrales tin project in western Spain following a site visit and meetings with newly elected Mayor Carlos Pedraz, who was briefed on plans for the past-producing Mari Tere mine and the next phases of work. The mayor expressed full support for the project, highlighting its potential to create direct and indirect employment and acknowledging the company’s commitment to environmental, social and governmental standards.
Municipal authorities indicated that reclassifying the already designated “strategic mining” land to industrial use should be straightforward and that water access for drilling from an existing deposit would not present difficulties. Hispania’s chief executive Norman Brewster said the strong backing from local government and community is strategically important for advancing Lumbrales at a time of favourable tin market conditions, reinforcing the company’s ability to move the historic mine toward renewed development.
More about Merida Minerals Holdings Inc
Hispania Resources Inc. is a Toronto-based mineral exploration company focused on mining opportunities in Spain, with core assets including the copper-zinc Otero project, the formerly producing tin project at Lumbrales, and the copper-zinc Puebla de la Reina project. Its management team comprises industry veterans with more than 120 years of global mineral exploration and production experience, including prior success developing Spanish mining operations alongside local and regional governments.
Average Trading Volume: 145,877
Technical Sentiment Signal: Sell
Current Market Cap: C$6.04M
Learn more about ESPN stock on TipRanks’ Stock Analysis page.