Euromax Resources (TSE:EOX) has released an update.
Euromax Resources Ltd. is challenging the Administrative Court’s decision that supports the North Macedonian Government’s withdrawal of a merger approval, stating that all legal conditions have been met and planning to appeal to the Higher Administrative Court. The company cites discrepancies between the Government’s rationale and the legal framework, and is prepared to pursue international arbitration to seek damages for what they perceive as arbitrary state decisions. The company’s determination is fortified by the potential economic impact from rising copper and gold prices, and they are committed to protecting their investments and legal rights.
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