European Uranium Resources Begins Legal Proceedings in Slovakia

European Uranium Resources (TSXV:EUU) has reported that its subsidiary, Ludovika Energy, has filed court proceedings against Slovakia’s ministry of environment regarding its decision not to extend Ludovika’s exploration license at the Kuriskova uranium deposit in the country.

As quoted in the press release:

Ludovika is asking the court to review the decision of the Ministry to determine whether it was made in accordance with the Geological Law of Slovakia.

This is the first step to remedy what the Company’s legal advisers believe to be a violation of the Geological Law of Slovakia. If successful in the proceedings, it is the view of the Company’s advisers that Ludovika would be entitled to compensation. EUU and its Joint Venture partner Forte Energy NL have invested in excess of 25 million Euros in the Kuriskova Uranium project. This would be the starting point for a compensation claim.

The Company will update its shareholders as developments occur.

Shareholders should note that the legal proceedings are separate and independent to the applications that Ludovika has before the Ministry for an exploration license to allow exploration for rare earth elements in the Kuriskova deposit area.

Click here to read the European Uranium Resources (TSXV:EUU) press release