Business
Euro Sun Mining Responds to European Commission Call For Strategic Projects
BUCHAREST, Romania, June 10, 2024 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) through its wholly owned Romanian subsidiar
About this update from Euro Sun Mining Inc.
[{"type":"text","content":" BUCHAREST, Romania, June 10, 2024 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) through its wholly owned Romanian subsidiary, SAMAX Romania S.R.L., wishes to confirm that the Company has formally begun proceedings to list its Rovina Valley Project (the “Project”) with the European Commission as a “strategic project” for the European supply of critical minerals. Following a meeting held on May 27, 2024 with the Romanian Ministry of Economy, the application for the Project to be designated as a “strategic project” within the European Commission’s Critical Raw Materials Act was sanctioned. This positive development will take place whilst Romania continues towards overhauling its existing mining legislation to align with the Critical Raw Materials Act. Commenting on the Company’s application, Mr. Grant Sboros, Chief Executive Officer of the Company, said “We are delighted that we now have the green light from the Romanian Government to proceed to list the Project as a strategic project directly with the European Commission. Holding the second biggest copper resource in Europe, and using the least disruptive modern mining methods, we remain confident that the Project meets all the criteria to now fast-track critical mineral supply for Europe.” About Euro Sun Mining Inc. Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second largest gold deposit in Europe. The Project supports a circular economy by unlocking much needed investment and job creation in Hunedoara County and, delivers critical minerals necessary for Europe’s green energy transition. The Project adopts the latest in modern mining environmental methodology and uses no cyanide or wet tailings in processes. Further information: For further information about Euro Sun Mining, or the contents of this press release, please contact Investor Relations at [email protected] Caution regarding forward-looking information This press release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the designation of the Project as a strategic project within the C...