Le Lézard
Classified in: Science and technology
Subjects: NEW PRODUCTS/SERVICES, LICENSING AGREEMENTS

Euro Sun Mining Confirms Validity of Mining Licence and Option to Extend



BUCHAREST, Romania, June 21, 2024 (GLOBE NEWSWIRE) -- Following recent inquiries, 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 mining license for the Rovina Valley Project is valid for 20 years from when it was issued in November 2018. Furthermore, Euro Sun Mining also has the option, subject to the terms of the licence, to extend this license after 2038 if required.

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 Rovina Valley 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 Rovina Valley 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 mining license for the Rovina Valley Project; and development of the Rovina Valley Project. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.eurosunmining.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a2b9a57-5a21-414f-8700-b9d1b8dd811b



These press releases may also interest you

at 02:10
McAfee, a global leader in online protection, today announced the appointment of Craig Boundy as President and Chief Executive Officer, effective August 21, 2024. Boundy, a seasoned executive with over 25 years of leadership experience, joins McAfee...

at 02:05
Catalent, Inc. , the leader in enabling the development and supply of better treatments for patients worldwide, today announced it has completed expansion of its clinical supply facility in Schorndorf, Germany. The Schorndorf site, Catalent's...

at 02:00
Climate Tech company Bio-Logical, a leading biochar carbon removal company based in Kenya, secured $1.3 million in funding. This investment will expand their Mt. Kenya biochar facility to meet the increasing demand for carbon removal and support...

at 02:00
Global entertainment & media (E&M) industry revenues rose 5% to US$2.8 trillion in 2023 and projected to hit $3.4 trillion in 2028Advertising revenues projected to top $1 trillion in 2026, with revenues in 2028 to represent double the revenues of...

at 01:33
Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the second quarter 2024. Aker Horizons' net capital employed stood at NOK 7.1 billion, an increase of NOK 1.9 billion from the first quarter, mainly...

at 01:05
SamanTree Medical, a leading medical technology company specializing in innovative solutions to improve the outcomes of surgery, today announced the closing of $14M as part of a Series B financing round. The new capital will be used to further...



News published on and distributed by: