Euro Sun Mining

Some insight into our CEO, Mr. Grant Sboros in the latest edition of Mining Weekly. #copper #energytransition #romania #sustainability #cleanenergy https://lnkd.in/edtaDra4

Mine License Time Is On Our Side but Pathway to Net Zero Puts Us Under Pressure Although Euro Sun Mining’s mining license only expires in 2038, with the option to extend, we remain acutely aware that Copper demand will continue to surge as net zero energy solutions and new technology drive demand. Holding the second biggest measured copper deposit in Europe, and with the new Critical Raw Materials Act, the pressure to support Europe’s climate change goals remains.

The Perfect Test Case   The recent call by the European Commission directly to critical mineral project holders, presents Euro Sun Mining the opportunity to potentially fast-track the present Romanian mine permitting process if the project is deemed strategic.   When completed, Euro Sun Mining’s submission to the European Commission to have their Rovina Valley Project listed as a strategic project presents a perfect test case for European Union (EU) Executive consideration.   There simply is no energy transition or net zero proficiency for Europe without copper. In addition to this, the Critical Raw Materials Act (CRMA) legislates that at least 10% of the EU’s annual demand for copper will be obtained domestically by 2030.   Factors which contribute towards the project's case to be listed as strategic include: 1.    With only 5 years remaining to achieve the CRMA, development of the Rovina Valley Project, holding the second highest measured resource for copper in Europe, supports this ambitious target. 2.    The project meets all ESG standards and in addition, uses no cyanide and wet tailings in the processing. The project’s terrestrial footprint is small, it will replant x3 any vegetation lost, and has the backing of local communities. 3.    The project has been extensively evaluated technically over many years and meets all necessary submission criteria    4.    The project creates significant economic benefit for Romania’s Hunedoara County and offers strategic partnerships with increased trade between Romania and other European countries. 5.    Project accountability and transparency are ensured as the operation is within EU borders with governance oversight. #CRMA #energytransition #copper #greenenergy #sustainability

We Have Responded to the European Commission's Call for Strategic Projects Some exciting times ahead for ESM as the company formally declares that it has begun proceedigns to list their copper project with the European Commission as strategic. #CRMA #copper #supplysecurity #energytransition #romania #greenenergy https://ceo.ca/GlobeNewswire

Welcoming Investor Site Visits With our listing on the Canadian stock exchange, it is a treat when international investors fly all the way to visit us in Romania. These opportunities allow us to present first-hand the merits of the Rovina Valley Project (RVP) and, allow investors a chance to verify project fundamentals. No site visit is completed without visiting our core sample sheds, the Rovina mineral outcrop and seeing our community outreach programmes in person.             Euro Sun Mining continues to encourage investor visits for a better understanding of our unique RVP, the opportunity held within Europe’s Critical Raw Materials Act, the regions incredible mining legacy, and the great supporting infrastructure. #energytransition #copper #romania #CRMA

The Critical Raw Materials Act (CRMA) comes into force 23rd May. The CRMA is designed to guarantee a supply of copper and other minerals that are crucial for Europe’s green and digital transformation. The act is to reduce the regions reliance on China and to ensure economic and social security. The risk of critical mineral supply disruptions is increasing amid intensifying geopolitical tensions and competition for resources. In addition, if not managed properly, the regulation recognises that the increase in demand for these materials could generate negative social and environmental effects. Interesting for Euro Sun Mining is the acknowledgement that there is sometimes an excessive duration of national authorisation procedures which undermines the security of investments necessary for the effective development of projects regarding strategic raw materials. To this effect, European Member States are called upon to apply simplified authorisation procedures and predictability in the case of strategic projects. According to the EU Regulation, strategic projects will benefit from a priority status at national level to ensure a fast administrative procedure and urgent treatment in all related judicial and litigious proceedings. #copper #energytransition #romania https://lnkd.in/esXyqdvY

Dorim tuturor celor care ne sunt aproape un Paşte Fericit și Binecuvântat! Wishing our Romanian audience a blessed Orthodox Good Friday.

Some positive cash flow news today with the announcement of ESM issuing a US$200,000 Promissory Note. To be used for working capital costs, the Note (along with the promissory notes issued pursuant to the press releases dated March 1, 2024 and April 2, 2024) are issued pursuant to a letter of intent between the Company and the Lenders. #energytransition #copper #CRMA #romania https://lnkd.in/eWiW7Z8X

A positive development as Romania pushes ahead to change mining regulations in support of Europe’s Critical Raw Materials Act. #copper #energytransition #greenenergy #romania https://lnkd.in/eShZUafR

Some good news coming out of Romania and the Europe's Critical Raw Materials Act, the awarding of a magesium concession closed since 2014. #energytransition. #copper #netzero #romania https://lnkd.in/dpfHPFBY