Bastion Minerals Ltd (ASX: $BMO) expands strategic landholding in Sweden

Bastion Minerals Ltd (ASX: $BMO) has submitted applications for 8 additional property claims in Sweden, effectively doubling its strategic landholding to a total of 279.5km². This move solidifies Bastion's position as the largest landowner in the Bergslagen district for rare earth element (REE) potential. The new claims are strategically located along a belt known for high-grade REE targets, with the potential to host similar mineralization. The company's expansion aligns with its decarbonization strategy, focusing on essential metals for electric vehicles and clean energy technologies.

Executive Chairman's Commentary on Strategic Land Acquisition

Bastion's Executive Chairman, Mr Ross Landles, emphasized the significance of the land acquisition, positioning Bastion as the leading explorer for rare earth elements in the Bergslagen district. He highlighted the strong potential for high-grade REE mineralization in the new claims, reinforcing the company's commitment to becoming a key supplier of critical materials for the clean energy transition. Mr Landles also expressed the company's excitement about the REE results at Gyttorp, further motivating the expansion of Bastion's strategic property holding in the region.

Strategic Expansion and Future Outlook

Bastion Minerals' expansion of its property claims in Sweden marks a significant milestone in its pursuit of rare earth elements. The company's focus on high-grade REE targets and historical magnetite workings demonstrates its commitment to leveraging existing resources for exploration efforts. With plans for initial field work, including mapping and sampling, Bastion aims to prioritize high-potential areas for advanced exploration such as surveys and drilling. The strategic alignment with the company's decarbonization strategy and the growing REE portfolio positions Bastion to capitalize on the increasing demand for critical minerals. The company's ambitions to become a key supplier of materials for clean energy technologies underscore its long-term corporate strategy and commitment to sustainable resource development.