Strategic Minerals Europe Corp. reported production results for the second quarter and six months ended June 30, 2023. For the quarter, the company reported Production in Second Quarter 2023 was 246 tons, an increase of 36% from the same period of 2022 (181 tons), when the primary crushing plant was recently commissioned, and the operations at the Penouta Project were transitioning to open pit mining. The quality of the concentrate was maintained as production increased. Production during the second quarter consisted of 206 tons of cassiterite concentrate with 69.7% tin content (153 tons with 71.2% tin content in 2022) and 40 tons of tantalite/columbite concentrate with 24.7% tantalite content and 26.4% columbite content (28 tons with 23.0% tantalite and 25.0% columbite content the year before).

During the first half of the year, production reached 366 tons, a 60% increase compared to the same period in the prior year.