04:34 PM EST, 11/14/2025 (MT Newswires) -- Euro Sun Mining ( CPNFF ) on Friday said the Romanian government has created a new national framework to implement the European Union's Critical Raw Materials Act.

This will provide a single point of contact to fast-track permitting for strategic projects, including Euro Sun's Rovina Valley copper-gold project, the company added.

The company said it also completed the technical report for its environmental impact assessment and finalized a feasibility study for the Colnic and Rovina open pits, the first stage of development at Rovina Valley.

The updated study shows a pre-tax net present value of US$1.78 billion, up 173%, with a 39.7% internal rate of return. The project is expected to produce 403 million pounds of copper and 1.47 million ounces of gold at an all-in sustaining cost of US$1,206 per gold-equivalent ounce. Initial capital expenditure is estimated at US$607 million, according to the statement.

The company added that it has repaid a US$350,000 debenture owed to a holding company controlled by one of its directors. With the repayment of principal and interest, the associated security agreement has been removed.

Euro Sun shares closed up $0.02 to $0.235 on the Toronto Stock Exchange.