Energy Transition Minerals Receives Spanish Regional Government Approval for Transfer of Penouta Mine Licenses

MT Newswires Live12:25

Energy Transition Minerals (ASX:ETM) said it has received approval from the Regional Government of Galicia in Spain for the transfer of existing mining licenses for the Penouta tin-tantalum-niobium mine to its unit ETM Spain, satisfying a key condition precedent to completion of the acquisition, according to a Wednesday Australian bourse filing.

The company said ETM Spain will now work with the liquidator of Strategic Minerals Spain to execute the transfer deed and complete the acquisition, with settlement of the total purchase price of about 5.2 million euros expected shortly.

The company's shares rose past 2% in recent Wednesday trade.

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