Strategic Minerals Europe Corp (TSE:SNTA) has released an update.
Strategic Minerals Europe Corp. and IberAmerican Lithium face a legal setback as the Spanish court upholds the suspension of their Penouta Project’s section C permit, following an appeal by an environmentalist group. Despite the suspension, the companies are seeking further legal recourse and will continue operations under the unaffected section B permit, aiming for immediate cash flow. The firms are also proceeding with a shareholder-approved business combination, while maintaining a commitment to sustainability and community support.
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