Added to YB: 2026-03-17
Pitch date: 2026-03-14
EOX.V [neutral]
Euromax Resources Ltd.
Author Info
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Company Info
Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia.
Market Cap
CAD 31.9M
Pitch Price
N/A
Price Target
0.26
Dividend
N/A
EV/EBITDA
-18.34
P/E
-3.61
EV/Sales
N/A
Sector
Metals and Mining
Category
special_situation
Case Notes - Euromax Resources Ltd.
EOX.V (quick overview): Macedonian copper/gold project (83k oz Au, 16k tons Cu p.a., $1bn NPV) blocked by gov in 2019 despite meeting legal requirements. Preparing ICSID arbitration claim for €300M (~$347M USD) based on sunk costs + NPV destruction. Higher Administrative Court appeal pending. MC $23M vs estimated recovery $173.5M = 654% upside if arb succeeds. Timeline: 2027-2030 for tribunal decision. No ops, capital-raising stage.
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