Strategic Minerals Europe Corp. (NEO: SNTA) (FRA: 26K0) a company focused on the production, development and exploration of cassiterite concentrate, tantalite and columbite concentrate, announces production results for May at its Penouta Mine located in the north-western Spanish province of Ourense.
In May 2022, Strategic Minerals increased its primary concentrate production to 66.7 tonnes, 56.6% higher than in April, while also increasing the quality of the concentrate. Production consisted of 52.4 tonnes of cassiterite concentrate with 70-71% tin content, and 14.3 tonnes of tantalite/columbite concentrate with 23-25% tantalite content and 25-26% columbite content.
January to May 2022 Production
|Total Concentrate (tonnes)||9.8||18.4||18.9||42.6||66.7|
The Company continues with its commitment to increase production and the quality of the final products, with achieving planned production levels for June and beyond being a priority objective of all employees.
“The increased production we are achieving reflects the transition to open pit mining at Penouta and the commissioning of a new primary crushing plant,” said Jaime Perez Branger, CEO of Strategic Minerals. “We are pleased with the work of the men and women who have made possible the incremental evolution during the start-up by reaching open pit production with increased production figures and product quality in the short term. We expect to continue this trend and meet our guidance targets set at 75-90 tons of concentrate by the end of June.”
About Strategic Minerals Europe Corp.
Strategic Minerals’ wholly-owned subsidiary, Strategic Minerals Spain, S.L. produces, identifies, explores, and develops mineral resource properties critical to the green economy, predominantly in Spain. SMS holds permits and a license for the Penouta Project, which allows the Company to produce and conduct exploration, and an investigation permit at the Alberta II Project, allowing it to conduct exploration work already underway. SMS is the largest producer of cassiterite concentrate and tantalite in the European Union and has been recognized within the EU as an exemplary company of good practices in the circular economy. The Company is well-positioned as a major producer of sustainable and conflict-free tin, tantalum, and niobium and is exploring for lithium. Strategic Minerals is a “reporting issuer” under applicable securities legislation in the provinces of British Columbia, Alberta, and Ontario.
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