Hispania Resources Inc. announced that it has retained a Canadian geological services company to complete technical reports in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101 Report") Technical Reports at its recently acquired properties Otero and Lumbrales in Castille Y Leon, Spain. Otero. Hispania formally acquired the Otero property from the previous owner.

As previously disclosed in a press release dated November 22, 2023, Otero consists of 5 km2 (500 Hectares) made up of 16 mining claims. The Otero property hosts a Cu-Sn-Zn-Au-W polymetallic Skarn deposit. Lumbrales. As previously noted in a press release dated June 7, 2023, the Lumbrales Permit covers 2,900 hectares and contains the formerly producing Mari Tere mine and two other artisanal tin prospects.

Tin is currently trading at USD 33,112/t ($15.01/l b), up 19% in April, up 28% YTD, and up 25% YoY. LME tin is at $32,41/t, its highest since June 2022. Prior to its closure in 1986, the Mari Tere mine contained two parallel Quartz vein systems, which are exposed to a depth of 200 meters and stretch along a strike length of 750-meter section.

Each vein measures between 3 to 6 meters each in width, averaging at 4 meters, and are spaced 45 meters apart. An intermittent third system exists between these two. The Mari Tere mine was initially developed with a surface shaft and four underground levels.

More recently, Mina Duro SA constructed an underground infrastructure consisting of a 658 meter long, 4.5 by 4.5 metre decline that goes down to a depth of 220 meters, as well as associated levels stretching 3,600 meters.