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ETM Secures Spanish FDI Approval, Moves Closer to Penouta Mine Recommissioning
1:32pm on Tuesday 7th of April, 2026 AEST
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Mining
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ETM Secures Spanish FDI Approval, Moves Closer to Penouta Mine Recommissioning
1:32pm on Tuesday 7th of April, 2026 AEST
Key Points
Spanish Government grants Foreign Direct Investment approval for Penouta mine acquisition
Acquisition completion contingent on formal transfer of mining licences, expected this quarter
ETM plans to recommission Penouta mine with focus on ESG standards and local economic participation
Output intended to support European Union’s critical minerals supply chain
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