Emerita Resources Provides Corporate Update

Core Viewpoint - Emerita Resources Corp. is poised for significant growth in 2026, focusing on advancing its exploration and development plans in Spain, particularly the Iberian Belt West project, supported by a strong financial position with $26 million in equity financing and $50 million secured [1]. Group 1: Project Development - The company is completing engineering studies for a high-grade mining operation at the IBW project, with an updated NI 43-101 Mineral Resource Estimate expected soon to support the Prefeasibility Study (PFS) [2]. - Metallurgical testing has shown gold recoveries exceeding 80%, indicating favorable processing characteristics for producing copper, zinc, and lead concentrates, with ongoing optimization tests to finalize plant design inputs [2]. - The PFS is scheduled for completion by the end of Q2 2026 [2]. Group 2: Permitting and Regulatory Progress - Permitting for the IBW project is progressing, with the Declaration of Strategic Interest (DSI) panel collaborating effectively with the company, and a public comment period expected to begin in Q1 2026 [3]. - The Unified Environmental Authorization (AAU) will analyze potential environmental impacts and outline solutions, marking a critical step in securing mining permits [3]. Group 3: Exploration Initiatives - An airborne survey over the IBW regional area was completed in December, with results under review to guide exploration in the San Antonio project area, which has not been systematically explored [4]. - The company plans to drill the Nuevo Tintillo project in 2026, which has shown promising surface sampling results of up to 3.37 g/t gold and 165 g/t silver [4]. Group 4: Community Engagement - Emerita has established the Emerita Foundation to enhance community engagement and participation in economic and societal opportunities related to the IBW project and future initiatives [6]. Group 5: Leadership Insights - The CEO of Emerita anticipates a transformative year as the company transitions from exploration to mine development, emphasizing the strategic importance of the IBW project and the potential for new discoveries [7].