Emerita Resources (EMOTF) has expanded the final review of the preliminary feasibility study for its Iberian Belt West Project, changing its release timing.
The study is well advanced and in final review. Following a review by its updated board, which established a Technical Committee of independent directors, Emerita added technical and quality assurance oversight. The company identifies the expanded review as the primary reason for changing its previously indicated release timing, with the aim of adding technical scrutiny and confidence in the published results. Based on the current work plan, Emerita expects to complete the review and release the study in the coming weeks.
Emerita Resources (EMOTF) appointed Oscar Cabrera and Peter McRae to its Board of Directors, effective September 16, 2026, and accepted the resignations of directors Catherine Stretch and Marilia Bento on the same date.
The resignations were submitted under Emerita’s Majority Voting Policy following the August 25, 2026 annual general and special meeting and an internal organizational and governance review. Cabrera brings more than 25 years of metals and mining equity research, capital markets and advisory experience, while McRae contributes over 15 years of corporate, commercial and legal experience, including prior roles as Vice President, General Counsel and Corporate Secretary in the mining sector.
Emerita Resources (EMOTF) reports that the High Court of Justice of Andalusia (TSJA) has lifted the suspension of the administrative litigation proceedings concerning the Aznalcóllar tender, by court order dated September 9, 2026.
The case (Ordinary Procedure 528/2015) was suspended on November 21, 2018 pending related criminal proceedings, at a stage where only the judgment remained. After the criminal judgment, a request to resume was filed on December 18, 2025. The TSJA now states there are no grounds to maintain the suspension and will issue its judgment on whether there were administrative irregularities in the tender award, although no delivery date has been communicated.
Emerita Resources (EMOTF) has appointed director Joseph Belan as Executive Chairman of the Board, effective September 9, 2026, succeeding David Patterson, who resigned as Chair and director on the same date.
Belan joined the Board on June 8, 2026 and has since been closely involved in reviewing Emerita’s projects, internal processes, organizational capabilities and ongoing legal proceedings. In the new executive role, he will take a more active leadership position and work with the Board and management to define the Company’s strategic priorities and focus on delivering shareholder value.
The Board has not yet filled the vacancy created by Patterson’s resignation. An advisory committee of the Board, comprising Belan, Agne Ahlenius and Joaquin Merino, is continuing an internal organizational and governance review and considering remaining resignations received after the August 25, 2026 shareholder meeting, with an update to be provided to shareholders in due course.
Emerita Resources (OTCQX: EMOTF) reported results of its annual general and special meeting held on August 25, 2026. Shareholders approved the appointment of the auditors and elected six director nominees. For three nominees — Marilia Bento, Catherine Stretch and David Patterson — votes withheld exceeded votes for, triggering Emerita’s Majority Voting Policy and leading each to tender a resignation for Board consideration. Resolutions to set the number of directors and to re-approve the rolling stock option plan did not receive required approval. Emerita also filed its Q3 interim financial statements and MD&A for the quarter ended June 30, 2026 on SEDAR+.
Emerita Resources (OTCQX: EMOTF) has received a €108,877 R&D grant from the Andalusian Business Agency for Economic Transformation and Development, under the Andalusia ERDF 2021-2027 Program, to advance metallurgical innovation for its wholly owned Iberian Belt West (IBW) project.
The grant covers 35% of the IBW-3METAu program’s eligible budget of €311,077, a 23‑month project at Emerita’s Puebla de Guzmán facilities. Work will focus on improving copper, zinc and lead concentrate quality for European smelters, recovering high-purity antimony and generating higher-value products near the mine site. The program is intended to provide technical data to optimize process design, metal recoveries and resource value at IBW, and is co-financed 85% by the European Union. The grant will be paid in a single installment after completion and justification of eligible activities.
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Emerita Resources (OTCQX: EMOTF) is responding to a withhold campaign by PM Super Fund ahead of its August 25, 2026 Annual General and Special Meeting and is urging shareholders to vote FOR all six board nominees by the August 21, 2026 proxy deadline.
According to Emerita, the board has recently renewed its governance and management, adding three new directors since April 2026, appointing a new CFO and Corporate Secretary, ending contractor arrangements with former insiders, and forming a Special Committee that recommended commencing civil proceedings relating to the Falcon Project. The company argues further board disruption without an alternative slate could create vacancies and distract from advancing its Spanish assets and overseeing ongoing litigation.
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