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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

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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.

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