Administrative Superior Court Agrees to Emerita's Request to Suspend the Administrative Court Resolution Until Ruling by the Criminal Courts is Rendered

Administrative Superior Court Agrees to Emerita's Request to Suspend the Administrative Court Resolution Until Ruling by the Criminal Courts is Rendered

 

Emerita Resources Corp. (TSX V: EMO; OTC: EMOTF) (the "Company" or "Emerita") announces that the Administrative Superior Court of Andalusia (Seccion Primera Sala de lo Contencioso-Administravo del Tribunal Superior de Justicia de Andalucia) has agreed to Emerita's request to withhold its resolution with respect to the Aznalcollar administrative case until the Criminal Court trial is resolved. This is viewed by Emerita's Spanish legal counsel as an important ruling as it ensures that the criminal process, where most of the evidence has been collected, will be sufficiently advanced so that the evidence of the criminal trial can be used in the administrative case.

 

  Background  

 

On September 30, 2021, the Administrative Court unilaterally lifted the suspension of the administrative case involving the Aznalcollar public tender. Prior to that, the Administrative Court was awaiting the completion of the criminal case. On October 14, 2021, Emerita appealed the decision of the Administrative Court as it was concluded that the relevant facts were essentially identical in both cases and therefore the Administrative Court should wait for the facts to be resolved in the Criminal Court where most of the evidence was compiled. This is the normal process in the vast majority of cases where the Criminal and Administrative courts are in proceedings related to the same case.

 

The Administrative Court has now concurred with Emerita that the facts in the criminal case and the administrative case are substantially similar and has decided to suspend issuing its resolution pending the outcome of the criminal trial. With this decision it is expected that the evidence of the criminal case will be fully available to the Administrative Court in the administrative case. The Administrative Court has already reviewed the case in order to make the determination that the cases are substantially similar and as such Spanish Counsel does not anticipate a significant delay beyond completion of the upcoming criminal court hearings for the Administrative Court resolution.

 

According to Emerita's Spanish counsel, an ambiguous or unclear administrative ruling could have potentially weakened the legal arguments in the criminal trial. Emerita's request that the Administrative Court withhold resolving the administrative case until the criminal case was resolved was part of Emerita's strategy to ensure that both the Administrative and Criminal cases benefitted from the extensive evidence collected in the criminal case as well as preserving Emerita's right to appeal in the administrative case had a decision in such case preceded a resolution in the criminal case.

 

The date for the criminal hearing has not yet been set due to Covid backlogs, however the judges and the court have been named and a date is expected in the near future, once a suitable period of court time is available. Due to the number of people charged the criminal hearing is expected to require approximately 2-3 weeks of court time.

 

According to Damian Lopez, Corporate Secretary for Emerita, "The Company views this decision as very positive. The criminal case has been supported unanimously by five judges, that have articulated the irregularities in detail. The Administrative Court indicating that it considers the facts to be substantially the same as the Criminal Court supports the expectation that the cases will be resolved in line with the court rulings we have seen to date."

 

  About Emerita Resources Corp.
Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

 

For further information, contact:

 

Joaquin Merino
+34 (628) 1754 66 (Spain)

 

Helia Bento
+1 416 566 8179 (Toronto)
info@emeritaresources.com  

 

  Cautionary Note Regarding Forward-looking Information  

 

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Company's ability to obtain the rights to the Aznalcollar project, the timing and results of the court cases in Spain and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

 

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

EMO:CA
The Conversation (0)
Emerita Resources

Emerita Resources


Keep reading...Show less

Zinc Exploration in Northern Spain

Emerita Resources Files Supporting Documentation For Exploitation Licence For The IBW Project

Emerita Resources Files Supporting Documentation For Exploitation Licence For The IBW Project

 

Emerita Resources Corp. (" Emerita " or the " Company ") (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) announces that through its wholly-owned Spanish subsidiary, Emerita Resources España S.L.U., it has submitted all the required documentation (the " Supporting Documentation ") to support its application to the "Delegación Territorial de Energía y Minas in Huelva province, Junta de Andalucia" for an exploitation licence (the " Exploitation Licence ") for Emerita's wholly-owned Iberian Belt West project (" IBW " or the " Project "). Please see the Company's September 12, 2023 press release for further details regarding the Company's application for the Exploitation Licence.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Announces Commencement of Drilling Program at Nuevo Tintillo Project, Spain

Emerita Announces Commencement of Drilling Program at Nuevo Tintillo Project, Spain

 

Emerita Resources Corp. (TSX–V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces it is commencing with the previously announced diamond drill program (see news release August 30, 2023) (the "Drill Program") at its wholly owned Nuevo Tintillo project ("Nuevo Tintillo" or the "Project") (Figure 1). Due to an unusually hot and dry summer, the restrictions related to fire prevention in the area were extended to mid-October.   During the hottest weather in this region of Spain, heavy equipment is not permitted to operate during the daytime hours. According to Joaquin Merino, P.Geo., President of Emerita, "This is the most extended dry period seen in the region in many years. Some rainy weather has started however much more is needed as reservoirs, ponds, smaller streams and rivers are still dry in many cases. The Company will truck water for the drill program."

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Intersects 6.3 Meters Grading 0.8% Copper; 1.6% Lead; 3.9% Zinc; 2.8 g/t Gold and 52.0 g/t Silver within a 27.6 Meters Thick Massive Sulphide Zone, Extending La Romanera Deposit at Depth. Three Additional Thick Massive Sulphide Intervals, Assays Pending

Emerita Intersects 6.3 Meters Grading 0.8% Copper; 1.6% Lead; 3.9% Zinc; 2.8 g/t Gold and 52.0 g/t Silver within a 27.6 Meters Thick Massive Sulphide Zone, Extending La Romanera Deposit at Depth. Three Additional Thick Massive Sulphide Intervals, Assays Pending

 

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces additional drilling results from the ongoing drilling program at La Romanera Deposit, part of Emerita's wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. Results contained in this release are from La Romanera deposit where drilling is tracing the extension of the deposit at depth.

 

Results herein are from drill holes LR154 and LR155, which have intercepted polymetallic mineralization in the form of a massive to semi-massive sulphide lens at approximately -450m elevation (approximately 600m below surface). See Figure 1 and Table 1 below.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Resources Files Exploitation Licence Application for the IBW Project

Emerita Resources Files Exploitation Licence Application for the IBW Project

 

Emerita Resources Corp. (" Emerita " or the " Company ") (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) announces that through its wholly-owned Spanish subsidiary, Emerita Resources España S.L.U., it has submitted an application to the "Delegación Territorial de Energía y Minas in Huelva province, Junta de Andalucia" (the " Junta ") for an exploitation licence (the " Exploitation Licence ") for Emerita's wholly-owned Iberian Belt West project (" IBW " or the " Project ").

 

The Exploitation Licence in Spain, when granted, has a 30-year term and can be extended for two subsequent 30-year periods.   Under Spanish regulations, in support of its Exploitation License application, Emerita has 3 months to submit certain additional documentation to supplement the application for the Exploitation Licence including an environmental impact study and mining plan.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Announces Planned Drilling Program at Nuevo Tintillo Project, Spain

Emerita Announces Planned Drilling Program at Nuevo Tintillo Project, Spain

 

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces planned diamond drilling program (the "Drill Program") at its wholly owned Nuevo Tintillo project ("NT" or the "Project). The Drill Program is expected to commence late in the third quarter or early in the fourth quarter of this year. The precise start date for the Drill Program will depend on the easing of regulations presently imposed in southern Spain to reduce the risk of fires. Restrictions typically end around the middle of September as the weather begins to moderate. Presently, heavy equipment is not permitted to operate during the daytime hours due to hotter temperatures.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Osisko Metals (TSXV:OM)

Osisko Metals


Keep reading...Show less
Copper bars with weight stamps, stock market chart background.

What Was the Highest Price for Copper?

Strong demand in the face of looming supply shortages has pushed copper to new heights in recent years.

With a wide range of applications in nearly every sector, copper is by far the most industrious of the base metals. In fact, for decades, the copper price has been a key indicator of global economic health, earning the red metal the moniker “Dr. Copper.” Rising prices tend to signal a strong global economy, while a significant longer-term drop in the price of copper is often a symptom of economic instability.

After bottoming out at US$2.17 per pound, or US$5,203.58 per metric ton (MT), in mid-March 2020, copper has largely been on an upward trajectory.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Team Expansion & Bulk Met Testing Commences

Empire Metals Limited (LON:EEE), the AIM-quoted and OTCQB-traded resource exploration and development company, is pleased to announce several strategic technical appointments and partnerships that strengthen the in-house project development team and support the advancement of the Pitfield Titanium Project ("Pitfield" or the "Project") in Western Australia.

These appointments coincide with the commencement of bulk-scale metallurgical testing, a critical step in progressing Pitfield toward commercial development.

Keep reading...Show less
Cracked globe labeled "Tariffs" and "Sanctions" on a wooden surface.

Global Outcry Mounts Over Trump’s Tariff Blitz Ahead of Deadline

President Donald Trump’s surprise announcement of 30 percent tariffs on imports from the EU and Mexico has triggered immediate backlash from various stakeholders, with less than three weeks to go before the tariffs take effect on August 1.

The tariffs—part of a broader series of trade penalties that include duties on copper and new levies on Canada, Japan, South Korea, and Brazil—have drawn sharp criticism from some of the country's closest allies and trading partners.

Keep reading...Show less
Lobo Tiggre, copper bars.

Lobo Tiggre: Copper's Trump Tariffs — Plus Gold Price, Uranium Opportunity

Lobo Tiggre, CEO of IndependentSpeculator.com, discusses the recent news that the US plans to put a 50 percent tariff on copper imports.

He also weighs in on gold, silver and platinum price drivers, as well as uranium stocks.

Keep reading...Show less
Metal pipes and bars obstructed by yellow "tariffs" tape with US flags.

Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

US President Donald Trump said Tuesday (July 8) that he plans to impose a 50 percent tariff on all copper imports, a dramatic escalation of his administration’s use of targeted trade restrictions on national security grounds.

“I believe the tariff on copper, we're going to make 50 percent,” Trump said during a White House cabinet meeting.

Though he did not provide a timeline, Commerce Secretary Howard Lutnick said in a subsequent CNBC interview that the tariff could take effect by late July or as early as August 1, with details to be posted on Trump’s Truth Social account.

Keep reading...Show less

Latest Press Releases

Related News

×