- CEO
- Philip Gage Jull
- Full Time Employees
- 8
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- Boulevard Partizanski Skopje Macedonia 1000
- IPO Date
- Sep 25, 1991
- Business
- Euromax Resources Ltd. (TSX-V: EOX) is a Canada-based minerals exploration and development company focused on copper and gold projects in Southeastern Europe, primarily the Ilovica-Shtuka copper-gold porphyry deposit in southeast North Macedonia. The company explores and develops mineral resources through its flagship Ilovica-Shtuka project, which features a definitive feasibility study outlining a bulk tonnage open-pit mine with conventional SAG and ball mill processing, flotation concentrator for copper-gold concentrate production, and on-site gold doré recovery from tailings; the project targets average annual output of 83,000 ounces of gold and 16,000 tonnes of copper over a 20-year mine life, supported by an approved Environmental Impact Assessment and 30-year exploitation concession. Operations emphasize resource definition, geotechnical drilling, and permitting for gold and base metals in the Balkans region, with infrastructure advantages including grid power, paved roads, rail links, and a skilled local workforce near Strumica.
Founded in 1990 and headquartered in Skopje, North Macedonia, Euromax Resources targets industrial customers in technology, infrastructure, and renewable energy sectors via its critical and precious metals assets. The company maintains a pipeline of development-stage properties in North Macedonia, positioning it as a prospective mid-tier European copper and gold producer with commitments to international environmental standards, stakeholder engagement, and ethical governance.
In September 2025, Euromax closed the issuance of 43.7 million common shares to Galena Resource Equities Limited to settle debt under a debt settlement agreement, with shares subject to a four-month hold period expiring January 2026; this transaction, approved by the TSX Venture Exchange, did not materially affect control despite Galena's related-party status. Earlier in September 2025, the company issued a non-interest-bearing promissory note as part of ongoing financing efforts amid concession updates. Recent corporate actions also include satisfying TSX listing requirements, annual general meeting results with new board appointments, and director resignations, reflecting strategic continuity for the Ilovica-Shtuka advancement.