Kromit obtains permit for trial copper extraction at Tarosak mine, projects up to 120 billion rials in added sales

Iran Manganese Mines Company, trading under ticker Kromit, disclosed via codal on Tuesday, September 15, 2026, that it had obtained a permit for trial extraction of 150 tons of copper at its Tarosak mine, and said it is pursuing an initial discovery certificate for 30,000 to 50,000 tons followed by an operating license for about 8,000 to 10,000 tons of annual extraction. The company estimated the operation would add about 100 to 120 billion rials to sales in the current fiscal year, with sales revenue from it reaching roughly 500 billion rials the following fiscal year. The Ministry of Industry, Mine and Trade permit was issued on September 9 and sent for signature.