Hispania Resources Completes Pre Program Work at Past Producing Asset Lumbrales

On January 22, 2026, Hispania Resources announced the completion of a site visit and pre-program work at its Lumbrales project (Maria Tere Mine) in Spain. Key takeaways include: * Operational Restart: Management met with local stakeholders and reviewed infrastructure to plan the 2026 work program. * Drill Planning: A confirmation drilling program is planned for the Maria Tere mine, along with surface rehabilitation. * New Targets: Geologists identified two new artisanal workings to the south of the main mine site, which will be added to the evaluation list. * Timeline: Contracts are being reviewed, with activities intended to begin "within the next few weeks."

This news is Routine - Positive. While it does not contain assay results or hard economic data, it is a critical confirmation that the company is transitioning from "financial survival mode" to "operational mode." * Proof of Life: After the financial distress of 2025 (including a trading halt), this release confirms that the capital raised in late 2025 is being deployed into the ground rather than solely for administrative cleanup. * Execution Verification: The timeline ("next few weeks") provides a concrete metric to judge management's reliability in the short term. * Upside Potential: The identification of southern targets suggests potential for resource expansion beyond the historical Maria Tere footprint, though this is speculative until drilled.

Hispania Resources focuses on mining assets in Spain. * Flagship Project: Lumbrales (Maria Tere Mine). A past-producing Tin and Tungsten asset. The company claims excellent infrastructure is already in place. The strategy relies on confirming historical data and expanding the resource. * Other Assets: Otero (Copper/Zinc) and Puebla de la Reina (Copper/Zinc). * Status: The company was in severe distress in mid-2025 but has recently recapitalized.