Emerita Resources Updates on Aznalcóllar Tender Proceedings

Emerita Resources Updates on Aznalcóllar Tender Proceedings

Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) is actively involved in legal proceedings concerning the Aznalcóllar public tender. Recently, the Tribunal Superior De Justicia De Andalucia, or the Court, rendered a written ruling related to the company's ongoing complaints about this tender.

In 2017, Emerita formally challenged the Junta de Andalucia—the governing body responsible for overseeing the tender process—on the grounds that they committed a "via de hecho." This is a significant legal term that refers to actions that entirely disregard established administrative procedures. Emerita pointed out that Minera Los Frailes S.L. (MLF) accepted mineral rights pertaining to the Aznalcóllar project despite not participating in the tender process, which raises concerns about the legitimacy of that transaction.

However, the Court has recently ruled that Emerita's claims of a "via de hecho" did not hold under scrutiny. While this decision is a setback, the company retains the option to appeal in the future. Currently, Eymerita is focusing on the ongoing criminal trial concerning Aznalcóllar and the associated administrative case.

Ongoing Issues with the Aznalcóllar Tender

It's noteworthy that the Junta has conceded that MLF accepted the rights to Aznalcóllar without any involvement in the tender process, which is a critical detail in the broader context of the criminal trial aimed at evaluating several inconsistencies within this tender.

This ongoing complaint is separate from a more significant administrative case initiated in 2015 by Emerita, highlighting various alleged irregularities by the Junta in the adjudication of the tender. The Court has determined that the legal aspects in both cases are closely intertwined and has chosen to delay its final judgment on the administrative case until the conclusion of the criminal trial. This approach will ensure that all evidence and testimonies available from the criminal proceedings can be considered in making an informed decision.

Looking Forward: Implications for Emerita

Emerita anticipates a favorable resolution from the Aznalcóllar criminal trial and administrative case. A positive outcome would not only validate Emerita's claims but also substantially enhance their operations within the Iberian Pyrite Belt, expanding their mineral resource potential and strengthening their strategic land holdings.

About Emerita Resources Corp.

Emerita is a dynamic natural resource company specializing in the acquisition, exploration, and development of mineral properties, particularly in Europe. With its corporate office based in Sevilla and its administrative office in Toronto, Emerita focuses on fostering mineral exploration activities primarily in Spain.

Contact Information:

Ian Parkinson

+1 647 910-2500

Email: info@emeritaresources.com

Website: www.emeritaresources.com

Frequently Asked Questions

What is the main focus of Emerita Resources Corp.?

Emerita Resources Corp. primarily focuses on the acquisition, exploration, and development of mineral properties in Europe, especially in Spain.

What are the outcomes of the Aznalcóllar tender court case?

The court ruled against Emerita's complaint regarding the tender, but Emerita can still appeal and is focused on the ongoing criminal trial.

What irregularities were found in the Aznalcóllar tender?

Irregularities include the acceptance of mineral rights by a party that did not participate in the tender process, which is currently under legal scrutiny.

What significance does a favorable ruling hold for Emerita?

A favorable ruling can significantly enhance Emerita's position in the mineral resources sector and expand their land holdings in the Iberian Pyrite Belt.

How can potential investors find more information about Emerita?

Potential investors can find more information on Emerita through their official website or by contacting their office directly.

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