Euro Sun Mining Announces Appointment of New Director and Update to Critical Raw Materials Act Application
TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) announces that it has appointed Carlo LiVolsi as an independent director of the board of director of the Company (the “Board”). Furthermore, Mr. LiVolsi will replace Mr. 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. (“Apollo”), previously listed on the Toronto Stock Exchange (“TSX”). 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 (the “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, Mr. 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.”