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ETM Secures Penouta Mine, Boosting EU Critical Minerals Ambitions
10:11am on Tuesday 21st of October, 2025 AEDT
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Mining
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ETM Secures Penouta Mine, Boosting EU Critical Minerals Ambitions
10:11am on Tuesday 21st of October, 2025 AEDT
Key Points
Judicial approval granted for Penouta Mine acquisition
Acquisition cost €5.2 million (A$9.2 million), funded from cash reserves
Penouta is the only developed tin-tantalum-niobium project in the EU
Early cashflow potential from tailings reprocessing (Section B Concession)
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