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Hispania Resources Inc. (TSXV: ESPN) —–Toronto, May 31, 2023, Hispania Resources Inc. (“Hispania” or “the company”) has completed a visit to the Siemcalsa core storage facility in Salamanca on a recent visit. As part of the recently announced transaction to acquire the Lumbrales property, the company acquired access to this facility. While at the facility the company acquired various reports, maps and sections relating to the Lumbrales property. Company personnel in Spain and Canada, with the assistance of this material, are currently preparing a work program for the revitalization of the Mari Tere mine which was last in formal operation in 1985/86, prior to its acquisition by Siemcalsa in 2007. Lower tin and overall metal prices caused a closure of this mine which remained dormant until acquired by Siemcalsa and subsequently Hispania.
Further, on May 28th regional and local elections were held throughout Spain. In the town of Puebla de la Reina, where the company’s Herrerias permit is located, announced that the winner of the Mayoral election was Ana Maria Redondo Villar who was returned to office for a further 4 years. “We would like to congratulate Mayor Ana Maria Redondo Villar on her re-election. In recent meetings with Mayor Ana Maria Redondo Villar, she has re-iterated her commitment to seeing the extension of the Herrerias permit and seeing Hispania bringing work back to this former brownfield project that was owned by IGME. Speaking with Mayor Ana Maria Redondo Villar, “we appreciate her support and have conveyed our commitment to working with her, her team and the town of Puebla de la Reina to return jobs to the region, in an environmentally conscious and supportive manner, in line with our commitment to a strong ESG platform and presence” commented Norman Brewster, Chief Executive Officer or Hispania.
About Hispania Resources Inc.
Hispania Resources Inc. is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing the long-term mining potential of its core assets, the Zinc, Copper, Lead enriched Puebla de la Reina (“PBR“) property in the low-risk and historic mining district of Extremadura in Southwest Spain; as well as the Marie Tere project in Lumbrales. Hispania, through its subsidiary, La Joya, has entered into a purchase agreement with Auplata S.A. to acquire a 100% interest in the PBR property and has acquired the Lumbrales property. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Resources, with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.
For more information on Hispania Resources Inc., visit: http://HispaniaResources.com/.
For more information or interview requests, please contact:
Norman Brewster – Chief Executive Officer Norm@HispaniaResources.com
Rahim Allani – Director
This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: “intend”, “believe”, “estimate”, “expect”, “may”, “will” and similar references to future periods. Examples of forward-looking information include, among others, the expected commencement of work on the PBR project, the expected meetings with local drilling firms, as well as information relating to Hispania. Although Hispania believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Hispania can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the future plans of Hispania may differ from those that currently are contemplated Additional risks include those disclosed in the Filing Statement, which are incorporate herein by reference and are available through SEDAR at www.sedar.com. The forward- looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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