A UK court has approved Dundee Precious Metals’ $1.25 billion acquisition of Adriatic Metals, a company with some of the Adria region’s most promising mining projects. The deal covers the Vareš silver-zinc project in Bosnia and Herzegovina and the Raška polymetallic project in Serbia—both seen as critical to Europe’s push for domestic raw material supplies.
Adriatic Metals had gained global recognition for its transparent, ESG-focused approach to exploration and permitting, attracting high-profile investors.
With Dundee now at the helm, expectations are high for expanded production and international best practices.
Beyond the deal itself, this acquisition highlights the region’s increasing strategic relevance in global mining supply chains. As the EU moves to secure access to critical minerals, Southeast Europe is fast becoming a centre of attention.
