Mr. Grant Sboros reports
EURO SUN MINING ANNOUNCES APPOINTMENT OF NEW DIRECTOR AND UPDATE TO CRITICAL RAW MATERIALS ACT APPLICATION
Euro Sun Mining Inc. has appointed Carlo LiVolsi as an independent director of the board of director of the company. Furthermore, Mr. LiVolsi will replace Neil Said as chairman of the board, with Mr. Said remaining as an independent director.
Mr. LiVolsi was formerly a director of Apollo Healthcare Corp., previously listed on the Toronto Stock Exchange. In this role, Mr. LiVolsi sat on the audit committee and represented Apollo in connection with the successful acquisition of Apollo by Anjac SAS.
Critical Raw Materials Act
application
Further to the press release of the company dated July 26, 2024, the company is pleased to announce that the European Commission has reviewed the company's application for the Rovina Valley project to be granted the status of a strategic project under the European Critical Raw Materials Act and has considered that the application is complete. As a next step, the European Commission will now assess the application, including transmitting the application to the government of Romania for review.
Commenting on the application, Grant Sboros, chief executive officer of the company, said: "We are delighted that our efforts over the past few months on the application has resulted in the application accepted as full and complete by the European Commission at the outset. This efficient progress is a reflection of the company's dedication to bringing the Rovina Valley project closer to construction. We look forward to working with the European Commission and the government of Romania to have the Rovina Valley project contribute to the strategic supply of minerals to the European Union."
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100-per-cent-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.
We seek Safe Harbor.
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