Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Variscan Mines Limited ( (AU:VAR) ) has issued an announcement.
Variscan Mines Limited has received approval from the Government of Cantabria for its Restoration Plan over the San Jose and Udias Mines, part of the Novales-Udias Zinc Project. This approval, which includes the management of mining waste and rehabilitation of affected areas, significantly de-risks the project and allows Variscan to proceed with mine production. The granted Mining Licences are valid until 2035, with an option to extend for 30 more years. This milestone supports Variscan’s strategy to restart mining operations and positions the company as a cash-flow generating zinc producer, enhancing its growth potential and stakeholder value.
More about Variscan Mines Limited
Variscan Mines Limited is a company operating in the mining industry, focusing primarily on zinc production. The company is engaged in the development of high-grade zinc deposits in Europe, with a significant project located in Cantabria, northern Spain.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.5M
See more data about VAR stock on TipRanks’ Stock Analysis page.