Emerita Appeals Aznalcóllar Exploitation Permit Grant

About this update from Emerita Resources Corp.

[{"type":"text","content":"Emerita Appeals Aznalcóllar Exploitation Permit Grant\n\n\n\n TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “\n \n Company\n \n ” or “\n \n Emerita\n \n ”) has today filed an appeal of the resolution dated May 30, 2025 (the “\n \n Appeal\n \n ”) made by the Delegación Territorial en Sevilla de la Consejería de Economía, Hacienda y Fondos Europeos - Consejería de Industria Energía (the “\n \n Administration\n \n ”) granting the exploitation permit for the Aznalcóllar project (the “\n \n Project\n \n ”) to Minera Los Frailes S.L. (“\n \n MLF\n \n ”) (please see the Company’s press release dated June 2, 2025 for further details).\n \n\n The Appeal is a separate and distinct legal process from (i) the ongoing Aznalcóllar criminal trial which is scheduled to conclude in July 2025, (ii) the administrative case regarding the various alleged irregularities by the Junta in adjudicating the Tender which the Company initiated in 2015 (please see the Company’s press release dated May 2, 2022 for further details), and (iii) the recently filed appeal by the Company with the Tribunal Supremo (please see the Company’s press release dated June 25, 2025 for further details). Emerita shall continue to exercise all available rights and remedies to protect its interest and the interest of its shareholders.\n \n\n Pursuant to the Appeal, Emerita has requested that the Permit and the resolution awarding the permit to MLF be deemed null and void.    Emerita’s grounds for the Appeal are numerous and include, but are not limited to, the following allegations:\n \n\n\n MLF did not participate in the public tender for the Aznalcóllar project and should not have been awarded the rights to the Project nor should it have the legal right to apply for, or be awarded, an exploitation permit.\n \n\n There is no formal authorization from the Administration granting MLF the rights to the Project as required by Spanish law;\n \n\n Emerita has asked the Administration to clarify which party participated in the tender as it remains unclear whether the mining project/plan was presented by Minorbis S.L. or a consortium comprised of Gr...

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