Join our daily newsletter At The Bell to receive exclusive market insights
- Pivotal Metals (PVT) sees its San Fix tin and tungsten mine in Spain awarded a water discharge permit
- The San Fix tin and tungsten underground mine had operations halted in 2017 by its previous owner
- An application was then made to the water authority for the controlled discharge of treated water from the mine, with a discharge permit issued on February 1
- The company says the award is an important milestone in the company’s efforts to restart the San Finx mine and is a testament to the hard work undertaken by the team
- Pivotal Metals is down 12.8 per cent, trading at 3.4 cents at 2:33 pm AEDT
Pivotal Metals (PVT) has seen its San Fix tin and tungsten mine awarded a water discharge permit.
The recently acquired San Finx project lies 50 kilometres south from the company’s Santa Comba tungsten and tin mine in Spain, all within the same geological belt.
The San Fix mine had operations initially halted in 2017 by its previous owner.
An application was made to the water authority, Aguas de Galicia, for the controlled discharge of treated water from the mine.
The company then announced the Aguas de Galicia submitted a proposal in July 2022 for the approval of the water discharge permit, subject to certain conditions.
The Government of Galicia announced the resolution, authorising the water discharge permit had been issued on February 1.
Managing Director Steven Turner said Pivotal Metals welcomes this “excellent” news.
“The award of the water discharge is an important milestone in the company’s efforts to restart the San Finx mine,” Mr Turner said.
Pivotal Metals was down 12.8 per cent, trading at 3.4 cents at 2:33 pm AEDT.
