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EUROPEAN URANIUM RESOURCES LTD V.EUU

"European Uranium Resources Ltd is engaged in the identification, acquisition, exploration and, if warranted, development of mineral resource projects. Its projects are Kuriskova Uranium Deposit and Novoveska Huta uranium deposit."


TSXV:EUU - Post by User

Comment by Itsagusheron Jan 20, 2015 3:27pm
62 Views
Post# 23340675

RE:RE:RE:RE:RE:False hopes: EUU investors already immune, FTE ones not yet

RE:RE:RE:RE:RE:False hopes: EUU investors already immune, FTE ones not yetGezja my friend, let's go back to basics shall we? Nobody wants to experience mining activity in their home locality. It is a messy old business but one which is necessary to provide raw materials for industry or power generation, which is why decisions on it are normally taken at governmental level. Governments have a duty to take decisions in the wider national interest and frequently do so in the face of overwhelming local opposition. Now turning to the EUU website it comments on the Memorandum of Understanding in this document:https://www.euresources.com/i/pdf/ppt/EUU_Presentation.pdf Key points are: Late in 2012 the Company signed a Memorandum of Understanding (MoU) with the Ministry of Economy of the Slovak Republic • If the feasibility study and environmental impact assessment are positive, then the Project will be able to advance in conformance with the Slovak Republic’s National Energy Strategy • The Ministry will support reasonable use of domestic energy minerals with the aim to reduce Slovakia’s current dependence on imports • EUU and the Ministry will endeavor to find a mechanism for collaboration that will allow uranium production from Kuriskova to be developed for the benefit of Slovakia’s energy future. This could be a production off-take arrangement, a partnership with a Slovak entity or other mutually agreed arrangements. Investment highlights • The results of the preliminary feasibility study demonstrate that the Kuriskova project would be among the highest-grade and lowest cost uranium producers in the world • The MoU with the Ministry of Economy of the Slovak Republic defines the parameters of cooperation in advancing the Kuriskova deposit through ongoing feasibility and environmental studies Whilst it might not be a legally binding document per se I think it would be very hard for the Government to set it aside without finding itself the subject of appropriate legal challenge.
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