PwC will oversee the company’s activities during the process, which has already seen the resignations of four directors.

The €3.50 per share offer represents a 6.71% premium based on Euro Ressources closing price on November 13.

The news about the Caribou mine came in the form of a news release from Canadian Copper, which is advancing the early-stage Murray Brook West property nearby.

Unless massive new supply comes online in a timely way, the goal of net-zero emissions by 2050 will remain out of reach.

The Peruvian executive wants to implement 25 measures to reactivate the country’s economy, focusing on the mining, energy and oil and gas sectors.