Energy Transition Minerals Acquires Es Only Tin Tantalum Niobium Mine for AU$9.2 Million

Energy Transition Minerals Ltd (ASX: ETM) has received judicial approval to acquire the Penouta Tin-Tantalum-Niobium Mine in Galicia, Spain, for €5.2 million (≈AU$9.2 million) through its subsidiary, Energy Transition Minerals Spain S.L. The Penouta Mine is the only developed tin-tantalum-niobium project in the European Union, aligning with Europe’s critical minerals strategy.

The acquisition diversifies ETM’s portfolio and offers early cash flow potential through reprocessing operations under the Section B Concession, with further upside from the Section C mining concession. ETM will fund the purchase from existing cash reserves, with completion expected by December 2025, pending final approvals. Managing Director Daniel Mamadou-Blanco said the company aims to restart operations promptly, creating value for the Galician region and strengthening ETM’s position as a key supplier of strategic minerals supporting the global energy transition.

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