The renewal is valid for two years, beginning July 2023. This is a significant milestone in the licensing process for the RVP, and it allows Euro Sun to move forward with the Land Rezoning Plan and Environmental Impact Assessment.
The RVP is the second largest copper and gold deposit in Europe. It is designed to have one of the least environmental impacts globally, with no cyanide use or wet tailings. The project is expected to bring economic relief to the Hunedoara County in Romania, a region with a profound legacy in mining.
Grant Sboros, CEO of Euro Sun Mining, commented on the renewal of the Certificate of Urbanisation: “This is a significant milestone for the RVP. It secures the mineral tenure and allows us to begin the formal procedure for the Land Rezoning Plan and Environmental Impact Assessment. We are grateful for the support of the Romanian authorities and the local communities. We are confident that the RVP will be a major economic driver for the region.”
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. The RVP is one of the largest gold and copper deposits in Europe, and it is expected to have a significant economic impact on the region.