Elementos Secures Oropesa Access Approval as Smelter Option Clears Conditions
Closing price · 2026-10-26: $0.340 · -4.23%
Elementos received approval for the main access road to its Oropesa tin project in Spain, while its binding option to acquire a 50% interest in the Robledollano smelter became unconditional. The company reported a net cash position of approximately $39 million and said project financing and offtake discussions are progressing, with term sheets received and due diligence underway. It also received approval for a drilling program at its Cleveland project in Tasmania and continues technical work on its broader critical-minerals potential.