Euro Sun Grants Offtake Rights to Glencore for Romanian Mining Project

Euro Sun Mining has signed a binding Memorandum of Understanding (MOU) with Glencore International, granting the multinational mining company the right of first refusal for future concentrate from Euro Sun's Rovina Valley Project in Romania. This agreement also gives Glencore the right to nominate a director to Euro Sun's board.

The Rovina Valley Project, one of Europe's largest undeveloped copper and gold deposits, is set to produce significant quantities of gold and copper, with confirmed resources of approximately 7.0 million ounces of gold and 1.4 billion pounds of copper. Located in west-central Romania, the project aims to provide a stable supply of these critical raw materials for European markets.

Euro Sun's CEO, Grant Sboros, highlighted the importance of the agreement with Glencore, describing it as a milestone that confirms growing international interest in the project and secures sales for future production. He also emphasized that the development of the Rovina Valley Project will benefit Romania economically and support Europe's material security.