Overview

Mining jurisdictions are nearly as important as the target mineral. Companies are more likely to succeed in a mining-friendly jurisdiction with clear policies, a stable political landscape, and a robust mining infrastructure. For example, Spain is a prime mining jurisdiction with a clear legal framework and trained local workforce. Additionally, Spain is considered the most mineral-rich country in Western Europe, making it attractive to mining companies.

Zinc outperformed expectations by hitting a 14-year high in 2021 with global demand to increase by 1.5 percent in 2023. As the fourth most widely consumed metal, it has applications throughout multiple industries, used for creating anti-corrosive alloys, pioneering new battery technology, and creating strong galvanized steel.

Demand for the multipurpose metal is expected to continue its upward trend as clean technology takes the main stage. The copper market, another multipurpose metal, is expected to grow by a compounded annual growth rate (CAGR) of 4.9 percent between 2022 and 2030. Mining companies targeting these increasingly important metals are setting themselves up for long-term success.

The company’s flagship project, Puebla de la Reina, covers nearly 9,000 hectares and has two promising mineralization areas with encouraging historical exploration results. In addition, the asset has a robust local infrastructure and is only five kilometers away from the nearest city. Promising copper-zinc-lead mineralizations and encouraging historical results make Puebla de la Reina a solid project, forming the backbone of the company’s portfolio.

Hispania Resources is preparing for the exploration program to be carried out at Las Herrerias, on the Puebla de la Reina property, located in Extremadura, Spain.

Multiple management team members were responsible for founding Iberian Minerals, the most significant base metals project in Europe and the largest employer in Southern Spain. Iberian Minerals went public in 1997, and Trafigura became a primary investor, eventually acquiring 52.2 percent of the company for a total evaluation of C$995 million. Managers that were instrumental in the impressive growth of Iberian Minerals are now focusing on repeating their success with Hispania Resources.

On April 25, 2023, Hispania Resources acquired 100 percent ownership in the Lumbrales Permit, situated in the Stanniferous Iberian Belt, a prolific mining region, which includes 100 tin and tungsten deposits in Spain and Portugal.

The company’s management team is one of its biggest strengths. Norman Brewster, CEO, has over 30 years of experience leading mining operations, and holds a bachelor of science degree. Kyle Appleby, CFO, brings 18 years of experience managing corporate finances for multiple industries, including cannabis and natural resources. Brian H. Newton, chief geologist, has 35 years of experience ranging from business development to program management and has been active in Spain, Mexico and Columbia.