ASX Stock Coming Under Focus of Long Term Investors
Elementos surges back into focus after a stellar December quarter which was capped by record funding and tin’s all time high and with February’s Cleveland tungsten MRE update. Strong progress across Spain and Tasmania positions ELT for a transformative year ahead.
Elementos Limited (ASX: ELT)
has delivered standout results in its December 2025 quarterly report and February 2026 tungsten resource update which reinforces its position as a leading tin developer with exposure to surging critical minerals markets.
The Oropesa Tin Project in Spain's Andalucía has advanced through key permitting meetings with regional ministers, maintaining momentum toward public exhibition while a Definitive Feasibility Study confirms its economic viability as Europe's only major undeveloped tin mine. ELT has locked in vertical integration via a binding option for 50% of the Robledollano Tin Smelter just 220km away, which enables mine-to-metal production with EU premiums up to US$1,400/t over LME tin prices.
Complementing this, collaborative industrial testwork with Atlantic Copper have yielded promising results, producing an additional 4.5kg oh high grade 45.7% Sn concentrate from low grade tailings.
At the Cleveland Tin Project in Tasmania, tungsten prospects have strengthened dramatically with an updated Inferred Mineral Resource of 8.5Mt at 0.24% WO3 for 20,610t contained independent of existing 7.47Mt tin-copper resources and 3.7Mt tailings reserve.
XRT ore sorting tests has upgraded grades 4.1x to 0.98% WO3 with 87% recovery and 79% mass rejection, slashing future capex while extensions to tungsten, rubidium and bismuth zones along with a government-backed tin/tungsten processing study enhance upside.
ELT has raised a record $9.1M during the December quarter. It was raised in two components, via an $8.3M placement (including Metals X) and $0.8M entitlement offer at $0.28/share, complemented by $2.9M in director-led option exercises, lifting cash to over $12M with no material debt. This funds 2026 priorities: Oropesa permitting, offtake deals, smelter due diligence (exercise by June) and Cleveland technical work amid tin at US$55,000/t LME highs and tungsten at US$130,000/t APT Rotterdam.
Elementos is well positioned to capitalize on supply shortages and EU critical minerals demand which position it as a vertically integrated tin producer with multi-asset leverage to tin and tungsten bull markets for long-term shareholder value.
(Source: Company Reports)
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