12th Oct 2026 09:37
(Alliance News) - Atalaya Mining Copper SA on Monday said its Touro project has been designated as a strategic project by the European Commission under the EU's Critical Raw Materials Act.
The mining company focussed on copper deposits in Spain said the EU designation recognises the strategic importance of Touro in contributing to a secure and sustainable European supply of copper, which has been included on the EU's list of strategic raw materials.
In 2024, Touro was declared a strategic industrial project by the Xunta de Galicia [the regional government of Galicia] reflecting its potential to support new investment and economic development in the area.
Chief Executive Alberto Lavandeira says: "This declaration by the European Commission reinforces our confidence in Proyecto Touro, which has been designed to be a modern and sustainable copper operation that can help provide Europe with reliable access to critical raw materials."
"We look forward to finalising the environmental approval process of the Touro copper project, which we believe is now close to completion," he added.
The EU's CRMA entered into force on in May 2024. It establishes measures to strengthen the EU's capacity along the critical raw materials value chains and diversify its sources of supply.
Shares in Atalaya Mining fell 0.3% to 1,068.50 pence each in London on Monday morning.
By Jeremy Cutler, Alliance News reporter
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