4 May 2022 – Bromborough (UK): NewEra Metal Resources Ltd (the “Company” or “NewEra”) is pleased to announce the registration of a 100% wholly owned subsidiary company in Spain – Europa Exploraciones y Recursos Mineros SL (“Europa Exploraciones”).
This Company will focus on the identification of critical metal opportunities in Spain, in particular copper, and so represents an expansion of NewEra’s critical metal strategy into Europe.
Spain is open to foreign investment and is the 4th largest country in Europe with a diverse range of critical mineral occurrences in the Instituto Geológico y Minero de España (IGME) database, including > 100 copper occurrences. In particular, the Iberian Pyrite Belt of the Andalucía region is a renowned producer of copper.
Europa Exploraciones will review the IGME database together with current academic research in Spain to identify critical metal exploration and development opportunities.