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How ETM’s $10m Bet on Spain’s Penouta Mine Could Reshape Europe’s Critical Minerals
9:39am on Thursday 7th of August, 2025 AEST
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Mining
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How ETM’s $10m Bet on Spain’s Penouta Mine Could Reshape Europe’s Critical Minerals
9:39am on Thursday 7th of August, 2025 AEST
Key Points
Successful bid for Penouta mine and processing plant in Galicia, Spain
Acquisition price €5.2 million, well below historic €28 million investment
A$10 million strategic placement with OCJ Investment, gaining board representation
Section C mining concession suspended, with near-term tailings processing under Section B
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