Euro Sun Mining Inc., through its wholly owned Romanian subsidiary, SAMAX Romania S.R.L., wishes to highlight the Romanian Government's strategic announcement on April 22, 2024 , formally listing copper as a strategic and critical material, and their planned intention to adjust existing mining legislation to align to Europe's Critical Raw Materials Act . Announced by Romania's Ministry of Economy, the announcement details [...]
Euro Sun Mining Inc., is pleased to announce that it has issued a convertible promissory note to John Robins and James Paterson providing for a principal amount of US$200,000 and maturing on March 22, 2025. The Note bears interest at 6% per annum, compounded monthly, and is secured against all of the assets and property of the Company pursuant to an amended and restated general security agreement. The Principal Amount and [...]
Euro Sun Mining Inc., is pleased to announce that, through its wholly owned Romanian subsidiary SAMAX Romania S.R.L. , it has successfully concluded meetings with the Romanian Ministry of Economy and the Romanian Ministry of Environment, Water and Forests . Represented by Mr. Grant Sboros and Mr. Sorin Halga , the meetings held in Bucharest have discussed various aspects of Euro Sun's permitting submission and the ability [...]
Euro Sun Mining Inc., is pleased to announce that the European Commission has reached a political agreement on the Critical Raw Materials Act . The Act represents a significant milestone in ensuring the European Union's access to secure, diversified, affordable and sustainable supply of critical raw materials, and in particular, Euro Sun is pleased to announce that copper has been deemed both a strategic raw material and [...]
Euro Sun Mining Inc., announces that the Cluj-Napoca district court delivered a judgement today requiring the Company to re-apply for their Environmental Endorsement for the Rovina Valley Project . The Court ruled that the Environmental Resources Management's certificate issued by The Ministry of Environment was not valid at the time when the Company's environmental report was submitted for obtaining the Environmental [...]
Euro Sun Mining Inc., announces that the Cluj-Napoca district court has notified parties that it will require an additional time to deliver its verdict on the annulment of the Company's environmental endorsement for the Rovina Valley Project . Further to the Company's press release dated October 3, 2023, the matter was heard at the Court on September 29, 2023 and a verdict was anticipated on October 16, 2023. However, the [...]
Euro Sun Mining Inc., announces that it has agreed to settle the outstanding portion of the convertible security funding agreement with Lind Global Fund II, LP in full. The outstanding amounts under the CFSA will be settled from proceeds received through the recent net smelter return royalty arrangement recently negotiated . This achievement honours the commitment made by the Company to Lind and, sets another milestone on [...]
Euro Sun Mining Inc., announces that it has agreed to settle the outstanding portion of the convertible security funding agreement with Lind Global Fund II, LP in full. The outstanding amounts under the CFSA will be settled from proceeds received through the recent net smelter return royalty arrangement recently negotiated . This achievement honours the commitment made by the Company to Lind and, sets another milestone on [...]
Euro Sun Mining Inc., announces that court proceedings at the Cluj-Napoca district court to annul its rezoning environmental endorsement for the Rovina Valley Project have now concluded. The matter was finally heard at the Court on September 29, 2023 after months of delay. The Court did not entertain further postponements, stating that they would deliver a verdict on the process on the October 16, 2023. This deadline [...]
Euro Sun Mining Inc., is pleased to announce that it has entered into a net smelter return royalty agreement with certain purchasers for the Company's Rovina Valley Project . Pursuant to the Agreement, the Holder acquired a 1.0% net smelter return royalty for consideration of C$4.0 million , with C$2.0 million paid as of the date of the Agreement and the remainder to be paid within nine months. Furthermore, the Company [...]
Euro Sun Mining Inc., is pleased to announce that it intends to complete a non-brokered private placement of up to 100,000,000 common shares of the Company at a premium placed at C$0.05 per Common Share for gross proceeds to the Company of up to approximately C$5 million . Euro Sun intends to use the proceeds of the Offering to repay outstanding amounts under the two convertible security funding agreements with Lind [...]
Euro Sun Mining Inc., is pleased to provide a corporate update on the licensing requirements for the Rovina Valley Project . The Company was granted today the renewal of its Certificate of Urbanisation, for another two years beginning July 2023. The granting of this renewal certificate is a significant milestone in the documentary process that results in a Land Rezoning Plan, after which the Environmental Impact [...]
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