22nd Jan EU designation for critical metals23 Jan 2026 10:44
Recently SAV got over €100mln from Portugal
Daniel Maling, Managing Director of Metals One, commented:
"Access to raw materials is essential for the EU's economy and the functioning of the internal market. The Black Schist Project is a multi-metal extraction project potentially contributing to the Union's security of supply for several Strategic Raw Materials.
Strategic Project designation would provide several key advantages that could aid in the project's development and long-term success, including but not limited to enhanced access to project financing, including eligibility for funding from EU programmes, and streamlined permitting processes.
Given the key role of many critical raw materials in realising the green and digital transitions, and considering their use for defence and aerospace applications, demand is likely to increase exponentially in the coming decades. Further, risk of supply disruptions is increasing against the background of rising geopolitical tensions and resource competition. We believe our Black Schist Project can contribute a stable and secure resource of strategic and critical metals to the EU market."