- CEO
- Timothy Morgan-Wynne
- Full Time Employees
- 8
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- Boulevard Partizanski Skopje The Republic of North Macedonia 1000
- IPO Date
- Dec 31, 2010
- Business
- Euromax Resources Ltd. (TSX Venture: EOX, OTC: EOXFF) is a Canadian-based mineral exploration and development company focused on advancing copper and gold projects in Southeastern Europe, primarily the flagship Ilovica-Shtuka copper-gold porphyry deposit in the Republic of North Macedonia; the project features two 30-year exploitation concessions (Ilovica 6 and Ilovica 11), a completed feasibility study from January 2016 projecting average annual production of 83 thousand ounces of gold and 16 thousand tonnes of copper via bulk tonnage open-pit mining, and an approved environmental impact assessment; the company also maintains a pipeline of other gold and base metal exploration assets at various stages of resource definition, feasibility, development, and permitting. Founded in 1990 and headquartered in Skopje, North Macedonia, with a registered office in Vancouver, British Columbia, Euromax targets mid-tier producer status in the European mining sector through ethical operations, stakeholder engagement, and compliance with international best practices for health, safety, and environmental standards. The company serves institutional investors and off-take partners in the critical and precious metals markets, with operations centered in North Macedonia and potential expansion across EU applicant states in the Balkans benefiting from favorable infrastructure, tax structures, and skilled labor. Recent developments include the extension of convertible loans from the European Bank for Reconstruction and Development and CC Ilovitza to February 2026; debt settlements with EBRD via share issuances, including a second tranche closed February 2025 for C$0.355 million; bridge financing from major shareholder Galena Resource Equities Limited (affiliated with Trafigura), comprising US$0.475 million in April 2025 (repaid via 43.7 million shares in September 2025) and US$0.804 million in September 2025 under a promissory note; ongoing legal pursuit of concession merger approval essential for the exploitation permit, following a 2023 government reversal currently under Higher Administrative Court review; board changes with the appointment of Maciej Sciazko from Trafigura in October 2025, resignation of Ali Vezvaei in June 2025, and committee restructurings; and an existing off-take agreement with Trafigura for all future copper concentrate production from Ilovica-Shtuka.