Proactive Investors - Run By Investors For Investors

Europa Metals sees changes in land use rules as positive for Toral development

Europa’s main project, the lead, zinc and silver deposit at Toral, is situated in Castilla y Leon
New rules give a clear pathway for Toral's development

Europa Metals Ltd (LON:EUZ) has welcomed changes to regulations governing the use of land for mining in north-west Spain’s Castilla y Leon region.

“The new law provides Europa Metals with a clear path to progress Toral into potential future mine development working, within the requisite new regulations," said Laurence Read, executive director.

Case-by-case consideration

Instead of a municipal consultation process, mining projects will now be considered on a case by case basis and assessed on environmental and other stakeholder factors.

Europa’s main project, the lead, zinc and silver deposit at Toral, is situated in Castilla y Leon and Read said the official bulletin was a positive step that had outlined a clear application route for the mine’s development.

As part of the legislative change, energy-based and mining projects have been split into two different groups.

Read added: "This change to the relevant land use legislation establishes a responsible framework for assessing appropriate mine developments compatible with urban planning in the region.”

Shares rose 13% to 0.02p.

View full EUZ profile View Profile

Europa Metals Limited Timeline

Related Articles

A map of the Wa project in far northwest Ghana along the border with Burkina Faso
March 06 2019
The JV partners also plan to make an investment decision on the Ghanaian project this year.
Thomas Creek porphyry target
February 07 2019
The company is focused on copper, cobalt, gold and nickel prospects on Tasmania's west coast.
Drilling is underway at Apollo Hill project
February 19 2019
Apollo Hill Gold Project in the Eastern Goldfields is the key focus.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use