Megado Minerals Ltd Expands Horizons with European Copper Acquisition

In a strategic move that marks a significant expansion beyond its traditional focus on gold exploration in Ethiopia, Megado Minerals Ltd has successfully completed the acquisition of a major European copper project. This development, announced on June 13, 2025, underscores the company’s ambition to diversify its portfolio and tap into the lucrative copper market in Europe.

A Bold Step into Europe

The acquisition involves 80% of Iberian Copper Pty Ltd, which holds 100% of the Iberian Copper Project located in the regions of Aragón and Navarra, Spain. This project spans an impressive 956 square kilometers of historically copper-producing strata, encompassing approximately 200 kilometers of geological strike. The area is notable for its rich history of copper and silver mining, presenting a promising opportunity for Megado Minerals.

Strategic Initiatives and Partnerships

Megado’s entry into the European market is not just about acquiring land; it’s about building a robust operational framework. The company has already initiated geological mapping activities and is preparing for airborne geophysics, with a Spanish in-country team fast-tracking these efforts. A significant partnership has been forged with the University of Aragón, which will support the exploration activities, adding a layer of academic expertise to the project.

Financial Moves and Future Plans

The acquisition was made possible, in part, by a financial injection of $144,000 received from the Chairman for shares, following shareholder approval. This move not only underscores the confidence in the project’s potential but also highlights the strategic financial planning by Megado’s leadership.

Looking ahead, Megado has set its sights on commencing drilling activities in the fourth quarter of 2025. This step is crucial for assessing the project’s viability and potential yield, setting the stage for what could be a transformative period for the company.

A Diversified Future

For Megado Minerals Ltd, a company traditionally known for its exploration activities in Southern and Western Ethiopia, this acquisition represents a significant pivot towards diversification. By venturing into the copper sector in Europe, Megado is not just expanding its geographical footprint but also its asset base, potentially opening up new revenue streams and strengthening its position in the global materials sector.

Conclusion

As Megado Minerals Ltd embarks on this new chapter, the acquisition of the Iberian Copper Project stands as a testament to the company’s strategic vision and its commitment to growth and diversification. With a solid plan in place and partnerships that leverage local expertise, Megado is well-positioned to capitalize on the opportunities that lie ahead in the European copper market. This move could very well redefine the company’s trajectory, marking its evolution from a gold-focused explorer to a diversified player in the global mining industry.