Europa Metals agrees to acquire antimony and gold assets in Austria

(Alliance News) - Europa Metals Ltd on Tuesday said it has agreed to acquire Antimony Ventures Europe Pty Ltd, gaining access to a suite of what it called "highly prospective" antimony and gold assets in Austria.

The mineral exploration company became a cash shell after selling the Toral zinc-lead-silver project in Spain to Denarius Metals Corp in November 2024.

Late in January this year, Europa Metals and Marula Mining PLC ended negotiations that would have seen Europa Metals acquire Marula Mining's unit Marula Africa Mining Holdings Ltd in a reverse takeover.

After failing to conclude a reverse takeover within six months, its shares were suspended from trading on the AIM market in London in May 2025, before delisting from London this past February.

Europa Metals said on Tuesday it will consolidate its share capital, seek to raise a minimum of AUD4 million, and list on the Australian Securities Exchange as part of the proposed acquisition.

The principal of Antimony Ventures Europe, Torey Marshall, will become chief executive officer of Europa Metals.

Europa Metals will lend Antimony Ventures Europe up to AUD250,000 to undertake an exploration programme during the forthcoming Austrian spring and summer months.

After completing the proposed transaction, Europa Metals said it will then be fully funded to expedite exploration of the antimony and gold targets identified through historic data and work.

Antimony Ventures Europe will undertake to utilise funds from the convertible note issue.

Shares in Europa Metals were flat at 24 rand cents on Tuesday morning in Johannesburg.

By Artwell Dlamini, Alliance News senior reporter South Africa

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.