On 19 May 2025, Elementos Limited announced that it has secured a strategic private placement of $5.0 million from Metals X Limited. Under the terms of the arrangement, Elementos will issue approximately 58,962,264 new fully paid ordinary shares at an issue price of $0.0848 per share. The funds will be used to advance the Oropesa Tin Project in Spain toward a Final Investment Decision and to further develop the Cleveland Tin Project in Tasmania, as well as to cover general company expenses. Metals X Limited, Australia’s largest tin producer with a market capitalisation of around $483 million, will acquire nearly 20% of Elementos Limited’s issued shares once the placement is complete. The investment is structured with the majority of shares issued unconditionally under the company’s available placement capacities, while a small allotment of shares is subject to forthcoming shareholder approval. The strategic placement is expected to settle on or around 23 May 2025, with the conditional shares to be issued following approval at an Extraordinary General Meeting. Elementos Limited’s leadership highlighted the importance of the investment from Metals X Limited, noting that it reflects successful milestones and adds significant credibility to their project portfolio. The partnership is seen as a way to leverage Metals X Limited’s operational expertise in tin production and its strong position in the global market. In tandem, Metals X Limited expressed its confidence in Elementos Limited’s assets, emphasizing that the investment represents an opportunity to participate in a growing pipeline of tin projects supported by their operational know-how. Bullish sentiment arises from the strategic nature of the investment and the potential for Elementos Limited to position itself as a leading tin producer, particularly with the unique prospect of the Oropesa project becoming the only mine-to-metal tin supplier within the European Union. The backing from a well-established industry leader further supports the long-term development of the company’s assets. Conversely, some bearish perspectives may focus on the inherent risks of project development in the mining sector, including regulatory uncertainties and the inherent dependency on shareholder approval for a portion of the shares, which could introduce delays or additional uncertainties in the capital structure. This development marks a significant step for Elementos Limited in strengthening its resource portfolio and advancing its critical operations while aligning with a seasoned partner in the tin mining industry.