Elementos
Elementos Limited (ASX: ELT) is an Australian pre-revenue tin exploration and development company advancing the Oropesa tin project in Spain and the Cleveland tin and tungsten project in Tasmania, with 50% of the Robledallano smelter in Spain, targeting supply for electronics, battery and AI-technology solder markets.
- Company typePublic
- Founded2019
- HeadquartersBrisbane, Australia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Elementos does
Elementos Limited (ASX: ELT) is an Australian publicly listed tin exploration and development company, founded in 2019 and headquartered at Level 7, 167 Eagle Street, Brisbane, Queensland. The company is advancing two advanced-stage, pre-production tin assets through feasibility, permitting and into operations: the Oropesa Tin Project in Andalucía, Spain, and the Cleveland Tin Project in Tasmania, Australia, both situated in highly regulated mining jurisdictions. Cleveland also carries a tungsten by-product stream that was materially upgraded in December 2025 via X-ray transmission (XRT) ore sorting, which lifted tungsten grades by 410%.
The company's business model is commodity-focused and pre-revenue: future income will be generated from tin concentrate (and potentially tungsten) sales once projects reach production, distributed through traditional mining offtake agreements. Elementos is executing a vertical-integration strategy, evidenced by the October 2025 exercise of its option to acquire a 50% stake in Iberian Smelting (CRM's Robledallano smelter) in Spain for €3.625 million (approximately A$6.1 million), providing in-country smelting capacity for Oropesa concentrate. Capital is being sourced via equity raises on the ASX, including an A$8.7 million raise and a separate A$2.9 million raise announced in November 2025 to accelerate development and fund milestones through 2025–2026. Go-to-market is investor-relations-led through ASX announcements, quarterly webinars, annual reports and analyst coverage from Hallgarten + Company and Morgans Research, with the investment thesis anchored on tin's structural demand from electronics, green-transition, battery and AI technology applications via electronic solder against a forecast global tin supply deficit.
Elementos firmographics
Firmographics- Name
- Elementos
- Legal name
- Elementos Limited
- Website
- https://elementos.com.au
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Elementos Limited (ASX: ELT) is an Australian pre-revenue tin exploration and development company advancing the Oropesa tin project in Spain and the Cleveland tin and tungsten project in Tasmania, with 50% of the Robledallano smelter in Spain, targeting supply for electronics, battery and AI-technology solder markets.
- Ownership category
- akta.pro rank
Elementos industry classification
Industry- Product category
- Tin Mining
- NAICS
- Nonferrous Metal (except Aluminum) Smelting and Refining (33141)
- SIC
- Miscellaneous Metal Ores (1090), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)
Keywords
Where Elementos is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Elementos business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Technology or R&D, Personnel, Supply Chain
Revenue model
- Tin Mining and Production: Elementos is a pre-revenue tin exploration and development company advancing two mature tin assets (Oropesa in Spain and Cleveland in Tasmania) through development stages toward operational production. Revenue will be generated from tin mining and concentrate sales once projects reach production.
Distribution channels1 record
Marketing channels4 records
Elementos product offering
Product offeringCore offering
Elementos Limited is a tin exploration and development company advancing two mature tin assets through development stages into operations: the Oropesa Tin Project in Andalucía, Spain, and the Cleveland Tin Project in Tasmania, Australia. The company has also acquired a 50% stake in CRM's Robledallano smelter in Spain to enable in-country tin concentrate processing as part of a vertical integration strategy. Future revenue is expected from tin concentrate sales and, following vertical integration, smelted tin products supplied into electronics, green-transition, battery, and AI technology supply chains.
Product overview
Elementos is a tin exploration and development company advancing two mature tin assets through key development stages into operations. The company's primary products are the Oropesa Tin Project in Spain and the Cleveland Tin Project in Tasmania, Australia—both advanced-stage tin mining projects. Elementos has expanded into vertical integration through its 50% acquisition of the Iberian Smelting/Robledalano smelter operation in Spain, enabling in-country tin concentrate processing. The company operates within the tin supply chain for electronics, green-transition, battery, and AI technology applications via electronic solder, a major end-use market.
Differentiator
Problem solved
Functional benefit
Products and services
- Oropesa Tin Project Advanced tin mining project located in Andalucía, Spain, being advanced through development stages toward operations as one of Elementos' two primary tin assets, intended to supply tin concentrate into the global electronics, green-transition, battery, and AI technology supply chains.
- Cleveland Tin Project Tin mining project located in Tasmania, Australia, being advanced through development stages with tungsten by-product potential, where tungsten grades were increased by 410% through x-ray transmission (XRT) ore sorting technology.
- Robledallano Smelter (50% stake, via Iberian Smelting) Tin smelting operation in Spain, 50% owned by Elementos through the Iberian Smelting acquisition, providing in-country processing of tin concentrate from the Oropesa Project as part of the company's vertical integration strategy.
Quantifiable outcome
- Tin price forecast increased to $35,000/tonne for 2026 from $32,000
- +1 more outcomes
Companies that use Elementos
Customer profileSegments1 record
Ideal customer profiles2 records
Elementos technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Elementos partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CRM (Robledallano Smelter)coreElementos executed its option to acquire 50% of CRM's Robledallano smelter in Spain for €3.625 million (approximately A$6.1 million). This strategic partnership provides Elementos with tin smelting capability as part of its vertical integration strategy for the Oropesa Project.
Scale indicators5 records
Recent moves4 records
Expansion highlights4 records
Elementos competitors and assessment
Company assessmentEmerging players
- Atlantic Lithium: Atlantic Lithium is an emerging critical minerals developer (lithium-focused) listed on ASX/AIM. While commodity-different, it shares the profile of a small-cap ASX-listed developer advancing critical mineral assets toward production in tier-1 jurisdictions.
- Kasbah Resources / Tin One Mining: Tin One Mining (formerly Kasbah Resources) is an emerging tin developer focused on the Achmmach tin project in Morocco. As a smaller, earlier-stage tin developer, it is comparable to Elementos in development profile and commodity focus.
Direct peers
- First Tin Plc: First Tin is a tin development company with assets in Germany (Tellerhäuser) and Australia (Taronga), pursuing a similar strategy of advancing tier-1 jurisdiction tin projects toward production — directly comparable to Elementos' Oropesa and Cleveland development pipeline.
- Cornish Metals Inc. Cornish Metals is advancing the South Crofty tin project in Cornwall, UK — a past-producing tin mine in a tier-1 jurisdiction. As an advanced tin developer, it is directly comparable to Elementos in stage, commodity, and strategy.
- Stellar Resources Limited: ASX-listed Stellar Resources holds the Heemskirk tin project in Tasmania, making it a direct jurisdictional and commodity peer to Elementos' Cleveland tin project.
- Metals X Limited: ASX-listed Metals X operates the Renison tin mine in Tasmania, the largest operating tin mine in Australia. It is the closest direct peer to Elementos given the shared commodity (tin) and overlapping Tasmanian jurisdiction.
Broad incumbents
- Minsur S.A. Minsur is one of the world's largest integrated tin producers, operating the San Rafael mine in Peru and a tin smelter. As a major incumbent in primary tin production, it serves as a broad benchmark for downstream integration economics relevant to Elementos' smelter strategy.
- Yunnan Tin Group: Yunnan Tin is the world's largest tin producer and integrated miner-smelter, providing a benchmark for what a fully integrated tin operation looks like — directly relevant context for Elementos' vertical integration thesis.
- Thailand Smelting and Refining (THAISARCO): THAISARCO is a major global tin smelter and refiner, comparable to Elementos' Robledalano smelter interest as a downstream tin processing operator.
- Malaysia Smelting Corporation: MSC operates one of the world's largest tin smelters (Butterworth) and is a key downstream player in the tin value chain. Comparable to Elementos in that smelting capability is central to both business models.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Elementos social profiles
Digital presenceElementos financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elementos leadership team
Management profileNumber of profiles
Elementos funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elementos M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elementos
What does Elementos do?
Elementos Limited is a tin exploration and development company advancing two mature tin assets through development stages into operations: the Oropesa Tin Project in Andalucía, Spain, and the Cleveland Tin Project in Tasmania, Australia. The company has also acquired a 50% stake in CRM's Robledallano smelter in Spain to enable in-country tin concentrate processing as part of a vertical integration strategy. Future revenue is expected from tin concentrate sales and, following vertical integration, smelted tin products supplied into electronics, green-transition, battery, and AI technology supply chains.
Is Elementos a public or private company?
Elementos is a public company. It is classified as public and is currently operating.
When was Elementos founded?
Elementos was founded in 2019. It employs 11 to 50 people.
Where is Elementos based?
Elementos is headquartered in Brisbane, Australia, in the Oceania region.
How does Elementos make money?
One revenue line is on record: tin Mining and Production.
Who are Elementos's main competitors?
Emerging players on record are Atlantic Lithium and Kasbah Resources / Tin One Mining. Direct peers are First Tin Plc, Cornish Metals Inc., Stellar Resources Limited and Metals X Limited. Broad incumbents are Minsur S.A., Yunnan Tin Group, Thailand Smelting and Refining (THAISARCO) and Malaysia Smelting Corporation.
Does Elementos have an API?
No public API is recorded for Elementos.
What industry is Elementos in?
Elementos's product category is Tin Mining. Its primary akta.pro industry code is IMAKAFAM, Mine Development & Processing EPC (Critical Minerals). Its NAICS code is 33141 and its SIC code is 1090.