Strategic Minerals maintains solid tin and tantalum concentrate production levels


TORONTO, September 23, 2022 /CNW/ – Strategic Minerals Europe Corp. (NEO:SNTA), (FRA:26K0), (OTCQB:SNTAF) (“Strategic Minerals” or the “Company”), a company focused on the production, development and exploitation of cassiterite, tantalite and columbite concentrate, announces production results for August at its Penouta mine, located in the northwestern Spanish province of Ourense.

in the Aug 2022Strategic Minerals produced 63.0 tonnes of primary concentrate consisting of 53.1 tonnes of cassiterite concentrate grading 70.8% tin and 9.9 tonnes of tantalite/columbite concentrate grading 25.5% tantalite and 26.8% columbite.

August production

Can

June

July

August

Total concentrate (tons)

66.7

72.2

63.1

63.0

Cassiterite (tons)

52.4

62.5

54.8

53.1

Tin (%)

71.3

71.4

70.6

70.8

Tantalite/Columbite (tons)

14.3

9.7

8.3

9.9

Tantalite (%)

24.5

22.6

22.3

25.5

columbite (%)

26.2

24.8

24.7

26.8

“Despite unexpected shutdowns due to severe thunderstorms affecting production in August, our team was able to maintain 91 percent uptime at the plant,” he said Jaime Perez Branger, CEO of Strategic Minerals. “Production for the month was above the average for the first half of 2022 and we expect production to continue increasing for the remainder of the year once seasonal issues are resolved.”

About Strategic Minerals Europe Corp.

Strategic Minerals’ wholly owned subsidiary, Strategic Minerals Spain, SL (“SMS”), produces, identifies, explores and develops properties containing mineral resources critical to the green economy, principally in Spain. SMS holds permits and a production license for the Penouta project and a prospecting permit for the Alberta II project, allowing it to conduct exploration work that is already under way. SMS is the largest producer of cassiterite concentrate and tantalite in the European Union and has been recognized within the EU as a best practice circular economy company. The Company is well positioned as a significant producer of sustainable and conflict free tin, tantalum and niobium and is prospecting for lithium. Strategic Minerals is a “Reporting Issuer” under applicable securities laws in the provinces of British Columbia, albertaand ontario.

For more information on Strategic Minerals, see its profile on SEDAR at www.sedar.com.

Cautionary Statement Regarding Forward-Looking Information:

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release, including without limitation management’s beliefs regarding the ability to maintain current levels of production and meet targets. Any statement that involves discussions regarding predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, expressions such as “expects” or “does not expect”, “expected”) , “expects” or “does not expect”, “plans”, “budgets”, “planned”, “forecast”, “estimates”, “believes” or “intends” or variations of such words and phrases or an indication that certain actions events or results that “may” or “could”, “would”, “could” or “will” occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Strategic Minerals’ actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 29, 2022, which is available on SEDAR at www.sedar.com. These risks include, but are not limited to, those associated with the mining and exploration industry such as: B. operational risks in development or capital expenditures, uncertainty in forecasts relating to production and delays or changes in plans relating to the exploitation of The Site. Forward-looking statements contained herein, including but not limited to, the Company’s expected exploitation and utilization and development of Section C of the Penouta Property, its utilization of mineral processing capacity, its ability to optimize and expand production and its ability to improve the quality of the concentrate are made as of the date of this press release and, except as required by law, Strategic Minerals disclaims any obligation to update any forward-looking statement, whether as a result of new information, results or future events, circumstances or if management’s estimates or opinions should change should or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on any forward-looking statements.

Strategic Minerals’ operations could be materially adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of a disease caused by COVID-19. It is not possible to accurately predict the impact of COVID-19 on operations and the ability of others to meet their obligations, including uncertainties related to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the Travel duration and quarantine restrictions imposed by the governments of the countries concerned. In addition, a significant outbreak of infectious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn affecting its operations and the ability to fund its operations could further affect .

SOURCE Strategic Minerals Europe Corp.

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View original content: http://www.newswire.ca/en/releases/archive/September2022/23/c2138.html



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