08:06 AM EDT, 10/31/2024 (MT Newswires) -- Euro Sun Mining Inc. ( CPNFF ), (ESM.TO) entered Thursday a binding Memorandum of Understanding with Glencore International AG by which Euro Sun grants Glencore the right of first refusal for an offtake of all future concentrate to be produced by Euro Sun at its Rovina Valley Project in Romania. In addition, a statement noted, Glencore has the right to nominate one director to the Euro Sun board of directors.

Grant Sboros, CEO of Euro Sun Mining ( CPNFF ), in the statement said: "This MOU underscores the growing international interest in our project and secures future concentrate sales for Euro Sun upon commencement of production. The Rovina Valley Project continues to represent a significant investment to benefit Romania, which is also critical for raw material security in Europe."

ESM was unchanged at $0.045 on the TSX yesterday.