Euro Sun Mining Responds to European Commission Call FOR Strategic Projects
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EURO SUN MINING RESPONDS TO EUROPEAN COMMISSION CALL
FOR STRATEGIC PROJECTS
June 10, 2024
Bucharest, Romania
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” with in 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 Critical Raw
Materials Act; changes to existing mining legislation in Romania and development of the 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. The re 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.