Euro Sun Mining Inc. has entered into a non-binding memorandum of understanding with Macquarie Bank Limited and Trafigura PTE LTD for a proposed senior project finance facility of up to US$400 million to support development at the Rovina Valley Project in Romania.

Under the 18-month mandate starting September 3, 2026, Macquarie and Trafigura will conduct due diligence, develop a financing structure, and seek internal approvals required to deliver a commitment letter for underwriting the facility. The arrangement includes customary exclusivity provisions and a right of first refusal for Macquarie to participate in up to 15% of qualifying alternative financings.

Separately, Euro Sun has agreed to a term sheet with Urion Investments Holdings Limited, a Trafigura Group company, for a US$3 million strategic equity investment. Urion will subscribe for approximately 21.5 million units at C$0.19 per unit, with closing expected on or about September 4, 2026. Each unit comprises one common share and one-half of a common share purchase warrant, with whole warrants exercisable at C$0.40 per share for 48 months from closing. Net proceeds will fund the Rovina Valley Project and general corporate requirements.

“The signing of this MoU with Macquarie and Trafigura, alongside the strategic equity investment by Trafigura, represent a significant milestone for the Rovina Valley Project. Together with our existing arrangements, these agreements establish a substantial portion of the financing framework contemplated to advance the Project toward construction, subject to securing the remaining financing, and support our continued commitment to shareholders”

— Grant Sboros, CEO of Euro Sun

The new financing initiatives supplement an existing US$200 million commitment from Trafigura established under a multi-facility agreement. Euro Sun holds a 100% interest in the Rovina Valley deposit in west-central Romania, which is the second-largest copper and gold deposit in Europe and holds European strategic status.

Read the full announcement: Euro Sun Mining Announces Non‑Binding MoU for US$400 Million Senior Debt Facility and Term Sheet for US$3 Million Strategic Equity Investment