Business
Euromax Announces new Higher Administrative Court decision
Euromax Announces new Higher Administrative Court decision Canada NewsWire ...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n \n \n \n Euromax Announces new Higher Administrative Court decision\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 20, 2021\n \n /CNW/ -\n \n Euromax Resources Ltd,\n \n (TSX: EOX): (\"\n \n Euromax\n \n \" or the \"\n \n Company\n \n \") announces a new decision in its legal process to reinstate the Company's Ilovica 6 concession. The Company has received official notification of the decision by the Higher Administrative Court (\"\n \n the Higher Court\n \n \") of the Republic of\n \n North Macedonia\n \n to rule in favour of Euromax and overturn the previous ruling by the Lower Administrative Court (\"\n \n the Lower Court\n \n \").  The case was originally brought by the Company challenging the legality of the Government of\n \n North Macedonia's\n \n termination of the Ilovica 6 Exploitation Concession, one of two concessions concerning the Ilovica-Shtuka copper project (\"\n \n the Project\n \n \").  The case will now return to the Lower Court to be reheard.\n \n \n In a separate case, Euromax had also challenged the initial decision by the Ministry of Economy to reject the Company's application for an exploitation permit for the Ilovica 6 concession and on the 20\n \n th\n \n \n December 2020\n \n the Higher Court also ruled in Euromax's favour in that case.\n \n \n \n Tim Morgan-Wynne\n \n , Euromax's Executive Chairman, stated: \"\n \n The ruling by the Higher Administrative Court to overturn the Lower Administrative Court's negative decision endorses the company's strong legal position.  We look forward to making further progress in both the legal process and the Project development.\"\n \n \n \n Nicolas Treand, Euromax's President and Executive Director, commented\n \n : \"Alongside our legal process, we also continue to work with the local community, the relevant state institutions and all relevant stakeholders to ensure the development of a world class mine with our primary sponsor, Trafigura. The Project will be developed to the highest safety and environmenta...