Strategic Minerals maintains production levels of solid tin and tantalum concentrates

TORONTO, September 23, 2022 /CNW/ – Strategic Minerals Europe Corp. (NEO:SNTA), (FRA:26K0), (OTCQB:SNTAF) (“Strategic Minerals” or the “Company”), a company focused on the production, development and exploitation of cassiterite, tantalite concentrate and of columbite, announces August production results at its Penouta mine, located in the province of Ourense, in northwestern Spain.

In August 2022Strategic Minerals produced 63.0 tonnes of primary concentrate, consisting of 53.1 tonnes of cassiterite concentrate with 70.8% tin content and 9.9 tonnes of tantalite/columbite concentrate containing 25.5% tantalite and 26.8% columbite.

August Production

“Despite unexpected shutdowns due to severe electrical storms that impacted production in August, our team was able to maintain 91% plant availability,” said Jaime Perez Branger, CEO of Strategic Minerals. “Production for the month was above the average for the first half of 2022 and we expect that once the seasonal issues are resolved, we can continue to increase production for the rest of the year.”

About Strategic Minerals Europe Corp.

Strategic Minerals’ wholly-owned subsidiary, Strategic Minerals Spain, SL (“SMS”), produces, identifies, explores and develops mineral resource properties critical to the green economy, primarily in Spain. SMS holds permits and a production license for the Penouta project, as well as an investigation license for the Alberta II project, allowing it to carry out exploration work already underway. SMS is the largest producer of cassiterite and tantalite concentrate in the European Union and has been recognized within the EU as an exemplary company of good practice in the circular economy. The Company is well positioned as a major producer of sustainable, conflict-free tin, tantalum and niobium and is exploring lithium. Strategic Minerals is a “reporting issuer” under applicable securities laws in the provinces of British Columbia, albertaand Ontario.

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Additional information about Strategic Minerals can be found by viewing its profile on SEDAR at www.sedar.com.

Caution Regarding Forward-Looking Information:

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release, including, without limitation, the beliefs of the management regarding maintaining current production levels and achieving policy objectives. . Any statement involving discussion of predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance (often, but not always using phrases such as “expects “, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budgets”, “expects”, “expects”, “estimates”, “believes ” or “intends” or variations of these words and expressions or indicating that certain actions, events or results “might” or “could”, “will”, “could” or “will” be expected to occur or be achieved ) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Strategic Minerals’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the heading “Risk Factors” in the Company’s Annual Information Form dated March 29, 2022, which is available on SEDAR at www.sedar.com. These risks include, but are not limited to, risks associated with the mining and exploration industry, such as operational risks related to development or capital expenditures, the uncertainty of production projections, and any delay or modification of the plans concerning the operation of the site. The forward-looking statements contained herein, including, but not limited to, the Company’s planned exploitation of Section C of the Penouta property and its use and development, its use of mineral processing capabilities, the ability to optimize and expand production, and its ability to improve concentrate quality, are made as of the date of this press release and Strategic Minerals disclaims, except as required by law, any obligation to update forward-looking statements, whether as a result of new information, results, future events, circumstances or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Strategic Minerals’ operations could be significantly affected by the effects of a widespread worldwide outbreak of a contagious disease, including the recent outbreak of disease caused by COVID-19. It is not possible to accurately predict the impact that COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, severity of illness , the duration of the outbreak, and the duration of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could lead to a widespread health crisis which could negatively affect the economies and financial markets of many countries, leading to an economic downturn which could further affect operations and the ability to finance its operations. . .

SOURCE Strategic Minerals Europe Corp.

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