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Euromax Resources Announces Merger Approval

Euromax Resources announced that the Government of the Republic of North Macedonia (the “Government”) has issued its approval of the merger of the Company’s Ilovica 6 and Ilovica 11 exploitation concessions, based on the announcement in the Official Gazette no. 141. The Government has now passed this matter to the Ministry of Economy to achieve a constructive outcome in relation to the new merged concession. The new merged concession will only be valid upon signature of the annex implementing this decision.

Tim Morgan-Wynne, Executive Chairman, stated: “The Company appreciates the decisive action taken by the Government of the Republic of North Macedonia and now looks forward to finalising the new agreement with the relevant State institutions.”

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About Euromax Resources Ltd.

Euromax has a major development project in North Macedonia and is focused on building and operating the Ilovica-Shtuka gold-copper project.


Source: Junior Mining Network

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