Change of Ownership Registration for the Slivova Gold Project, Kosovo
(TheNewswire)
June 4, 2025 – TheNewswire - Avrupa Minerals Ltd.(AVU:TSXV) reports that the change in control ofits subsidiary in Kosovo, AVU Kosova (“AVUK”), previouslydescribed in the Company news release of April 3, 2025 ( NR-03 -- Progress atSlivova ), has been officiallyregistered with the Kosovo Business Registration Agency and the KosovoMining Bureau (“ICMM”). AVUK is now held 49% by Avrupa Mineralsand 51% by JV partner Western Tethyan Resources (“WTR”), aUK-registered entity physically based in Kosovo. AIM-listed ArianaResources holds 76% of WTR.
While the ownership change in AVUK was registeredproperly, in accordance with Mining Law regulations, and in a timelymanner at ICMM, unforeseen delays in the approval of this formalregistration resulted in the lapse of the Slivova exploration licenseat the end of business on May 16, 2025. To cover the expiration ofthe license, ICMM legal department informally indicated that AVUKshould re-apply for the exact same Slivova area at the start ofbusiness on May 19, 2025. On behalf of AVUK, WTR legalrepresentation agreed to the informal recommendation, and theapplication for the new Slivova license was successfully completed andregistered in the ICMM system. Application for exploration areas isregistered at ICMM on a “first come-first served” basis, thuscontinuity of tenure was secured for the Slivova Project. Fullprocessing of the application is expected in the coming 3-5 months,according to the Mining Law regulations.
In the meantime, according to principals of Ariana andWestern Tethyan Resources, WTR will continue to plan for “the nextstage of technical work on the Slivova Project to advance it to thefeasibility stage”. Further information about WTR and ArianaResources and the Slivova license tenure may be found in their newsreleases, issued simultaneously with AVU’s news release.
Paul W. Kuhn, President and CEO ofAvrupa Minerals, commented:
“ We arepleased with the seemingly positive outcome of the Slivova change ofownership proceedings, and look forward to a speedy re-start of theProject. Security of land tenure is important for our programs inEurope and is a basic tenet of mineral exploration. ”
Dr. Kerim ?ener, Managing Directorof Arian Resources, said:
“We look forward to the approvalof the change of control and the corresponding re-application for theSlivova license being processed by the ICMM in due course. In themeantime, WTR is planning for the next stage of technical work on theSlivova Project to advance it to the feasibility stage.”
Mentor Demi, CEO of Western TethyanResources, added:
“The Slivova project is anexciting near-term opportunity for WTR. While we await final ICMMconfirmation of our position, this application safeguards our interestand enables us to remain on track for exploration and potentialdevelopment.”
Western Tethyan Resources (WTR) is a UK-registered, mineral exploration anddevelopment company focused on South East Europe. The company has astrategic alliance with Newmont Corporation and Ariana Resources andis currently focused on exploration for major copper-gold deposits inthe Lecce Magmatic Complex and Vardar Belt. Thecompany is assessing several other exploration project opportunitiesacross Eastern Europe, targeting copper-gold deposits across theporphyry-epithermal transition.
Ariana Resources is an AIM-listed mineral exploration and development companywith an exceptional track-record of creating value for itsshareholders through its interests in active mining projects andinvestments in exploration companies. Its current interests includegold production in Turkey and copper-gold exploration and developmentprojects in Cyprus and Kosovo.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and developmentcompany directed to discovery of mineral deposits, using a hybridprospect generator business model. Avrupa holds one 100%-ownedlicense in Portugal, the Alvalade VMS Project, and holds 49% of the JVcompany, AVU Kosova, that operates the Slivova Gold Project in Kosovo. The Company is actively advancing six prospects in central Finlandthrough its partnership with Akkerman Finland Oy. Avrupa focuses itsproject generation work in politically stable and prospective regionsof Europe, presently including Portugal, Finland, and Kosovo. TheCompany continues to seek and develop other opportunities aroundEurope.
For additional information, contact Avrupa Minerals Ltd. at1-604-687-3520 or visit our website at www.avrupaminerals.com .
On behalf of the Board,
Paul W. Kuhn, President & Director
This news release was prepared byCompany management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a LicensedProfessional Geologist and a Registered Member of the Society ofMining Engineers, is a Qualified Person as defined by NationalInstrument 43-101 of the Canadian Securities Administrators. He hasreviewed the technical disclosure in this release. Mr. Kuhn, the QP,has not only reviewed, but prepared and supervised the preparation orapproval of the scientific and technical content in the newsrelease.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Copyright (c) 2025 TheNewswire - All rights reserved.
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