Business
Emerita Resources Provides Corporate Update
TORONTO, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE...
About this update from Emerita Resources Corp.
[{"type":"text","content":"Emerita Resources Provides Corporate Update \nTORONTO, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) provides a corporate update highlighting progress on strategic priorities for its exploration and development plans in Spain. Management expects 2026 will be a pivotal year in the evolution and growth of Emerita. The Company maintains a strong balance sheet and is well-capitalized to advance its planned programs and achieve key milestones, having completed a $26 million equity capital financing and securing a US$50 million. These programs represent a series of catalysts that advance the Company’s objective of delivering value to shareholders. Management’s main focus will be dedicated to Emerita’s wholly owned projects with emphasis on advancing the Iberian Belt West (”IBW” or the “Project”) project to a development decisions and mining license. The Company is in the process of completing engineering studies for potential development of a high-grade mining operation at its cornerstone asset, the IBW project.  An updated NI 43-101 Mineral Resource Estimate (MRE) is expected to be published in the coming months that will support the ongoing Prefeasibility Study (PFS) that is being completed by SLR (see the Company’s press release dated December 3, 2025). Metallurgical testing has demonstrated gold recoveries of over 80% and indicates favorable processing characteristics to produce copper, zinc and lead concentrates. Ongoing metallurgical optimization tests will be completed in the coming weeks to provide the inputs for the plant design. The PFS is scheduled for completion by the end of Q2 2026. Permitting related to the IBW project is advancing and the Declaration of Strategic Interest (DSI) panel of the government is working effectively with the Company on providing the required deliverables. Based on discussions with the regulatory authorities, the Company expects the public comment period to begin in Q1 2026 and following this comment period obtain the Unified Environmental Authorization (“AAU”). The commencement of the public comment period is a milestone that signifies the Environmental Department and Mining Department of Huelva Province have endors...