Euro Sun Mining Inc (TSX:ESM, OTC:CPNFF) announced that a new court date has been set for the hearing regarding the suspension of its environmental license for the Rovina Valley project in Romania.
The previous court dates were delayed, but the company remains optimistic for a positive outcome.
According to Euro Sun, the Canada-listed resource company, the president of the County Council of Hunedoara has emphasized the strategic importance of the project in terms of job creation and the government’s role in ensuring its progress.
“After attending meetings in the last two weeks with the representatives of the local authorities, we are assured of their support for the projects future as they fully understand the importance of the projects impact on the development of the area,” Euro Sun CEO Grant Sboros told investors.
Rovina Valley is the second largest copper and gold deposit in Europe. Euro Sun aims to minimize environmental impact by avoiding cyanide use and wet tailings.
“The recent delays obstructing the start of this exciting project for Romania have obviously been unfortunate and frustrating for everyone. We do, however, remain excited and resolute in delivering this exceptional project to benefit Romania and the entire region,” Sboros said.
The CEO told shareholders that the project has the backing of community leaders and called it “a world-class example of how communities have come together to design and plan for a better future.”
Rovina Valley will put Romania at the centre of Europe’s green energy transition, Sboros added.
The new court date has been scheduled for September 29, 2023.