Emerita Resources announces strategic priorities for plans in Spain

Core Viewpoint - Emerita Resources is making significant progress on its exploration and development plans in Spain, with 2026 expected to be a pivotal year for the company's growth and evolution [1] Financial Position - The company has a strong balance sheet and is well-capitalized, having completed a $26 million equity capital financing and secured an additional US$50 million [1] Project Development - The main focus is on advancing the wholly owned Iberian Belt West (IBW) project towards development decisions and obtaining a mining license [1] - An updated NI 43-101 Mineral Resource Estimate is anticipated in the coming months to support the ongoing Prefeasibility Study (PFS) being conducted by SLR [1] - Metallurgical testing has shown gold recoveries exceeding 80% and favorable processing characteristics for producing copper, zinc, and lead concentrates [1] - The PFS is scheduled for completion by the end of Q2 2026 [1] Permitting and Regulatory Progress - Permitting for the IBW project is progressing, with the government’s Declaration of Strategic Interest panel collaborating effectively with the company [1] - The public comment period is expected to begin in Q1 2026, leading to the acquisition of the Unified Environmental Authorization [1] - The AAU will analyze potential environmental effects and outline solutions for anticipated impacts, which is crucial for securing mining permits [1] Exploration Initiatives - An airborne survey over the IBW regional area was completed in December, with results under review and expected to guide 2026 exploration of the San Antonio project area [1] - The company plans to drill the Nuevo Tintillo project in 2026, which has shown excellent gold and silver grades in surface sampling [1] Legal Matters - A legal dispute regarding the Aznalcllar Project Public Tender is anticipated to be resolved in the Andalusia Administrative Court in the coming months [1] - Evidence of potential administrative improprieties surfaced during a police investigation related to the tender [1]