From Yahoo Finance: 2025-05-19 10:00:00

Australian tin explorer Elementos secures $3.2m from Metals X through private placement. Funds will advance Oropesa tin project in Spain and redevelop Cleveland tin project in Tasmania, with shareholder approval needed for remaining shares. Metals X to hold 19.98% of Elementos after completion, aiming for May 23, 2025.

Metals X director Brett Smith praises investment in Elementos, highlighting global tin project opportunities. Elementos invites Metals X to nominate two directors to join its board. Elementos chairman Andy Greig anticipates collaboration to enhance tin projects in Spain and Tasmania, aiming for production success with Metals X’s experience.

Elementos recently completed a definitive feasibility study on the Oropesa tin project, confirming its viability. “Metals X invests $3m in Elementos to advance Spanish tin project” was reported by Mining Technology.

Read more: Metals X invests $3m in Elementos to advance Spanish tin project