Zephyr Receives Notice of Rejection of Zimbabwe EPO Applications
Rhea-AI Summary
Zephyr Minerals (OTC Pink: ZPHYF, TSXV: ZFR) reported that its Zimbabwe subsidiary, Sutter Mining, received a notice from Zimbabwe’s Ministry of Mines that Exclusive Prospecting Order (EPO) applications 17/2021 and 33/2021 have been rejected. These 2021 applications cover about 124,000 hectares in the Manicaland and Mashonaland Central mining districts.
According to the company, the rejection notice did not specify reasons. Zephyr is preparing a formal appeal seeking full reconsideration and clarification. The company remains focused on obtaining a mining permit for its 100%-owned Dawson Gold Project in Colorado while intending to appeal the Zimbabwe EPO decision.
Positive
- Company preparing formal appeal of Zimbabwe EPO rejections
- Core focus remains Dawson Gold Project mining permit in Colorado
Negative
- Zimbabwe EPO applications 17/2021 and 33/2021 rejected
- Rejected EPOs cover approximately 124,000 hectares in key Zimbabwe districts
- No specific reasons for rejection provided by the Zimbabwe ministry
News Market Reaction – ZPHYF
In the Jul 21 session, ZPHYF gained 0.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Halifax, Nova Scotia--(Newsfile Corp. - July 21, 2026) - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC Pink: ZPHYF) ("Zephyr" or the "Company") announces that its Zimbabwe subsidiary, Sutter Mining (Pvt) Ltd., has received notice from the Ministry of Mines and Mining Development that its Exclusive Prospecting Order ("EPO") applications numbered 17/2021 and 33/2021 have been rejected. The EPO applications, originally submitted in 2021, cover approximately 124,000 hectares in the Manicaland and Mashonaland Central Mining Districts of Zimbabwe. The Company is currently preparing a formal appeal to seek full reconsideration of the applications.
The Company notes that the notice of rejection did not provide specific reasons for the decision. "We are disappointed by the decision, particularly given the length of time the applications have been under consideration," stated Loren Komperdo, President and CEO of Zephyr Minerals. "Accordingly, we are preparing an appeal seeking reconsideration of the applications and clarification regarding the basis for the rejection. We remain committed to advancing opportunities that we believe can create long-term value for shareholders."
The Company will provide further updates regarding the appeal process and the status of the applications as additional information becomes available.
About Zephyr Minerals Ltd.
Zephyr Minerals is focused on obtaining a mining permit for its
For further information please contact:
Loren Komperdo, President & CEO
T: 902 706-0222
info@zephyrminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by the Company. The forward-looking statements contained in this document are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305932