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EraNova Metals Inc. is progressing its Adanac Molybdenum Project toward a NI 43-101 compliant Preliminary Economic Assessment (PEA), following an internal evaluation by Tetra Tech. The PEA will utilize the updated 2022 mineral resource estimate, which indicates approximately 433 million pounds of molybdenum, and aims to refine project economics and assess capital and operating requirements, with completion anticipated in three months. Molybdenum, essential for steel and industrial applications, is seeing increased demand due to rising energy investments.