General European Strategic Investments Inc. (OTCPK: GESI), based in Las Vegas, Nevada, is a diversified mining and resource company with interests in several projects across Europe, including the Gemerska Poloma talc mining rights in Slovakia, a platinum group element-nickel-copper project in Finland, and a gold project in Ukraine. The company is also involved in waste management activities and was founded in 2001.
In a significant legal development, GESI has initiated proceedings to reclaim ownership of its mining rights that were allegedly expropriated in 2014. This move follows the successful exit of Rozmin s.r.o., a key Slovak mining company linked to GESI, from bankruptcy proceedings in late 2023. On November 11, 2024, EuroGas GmbH, another entity within the GESI-EuroGas Group, filed a lawsuit against Rozmin s.r.o. and EUROTALC s.r.o. in the Municipal Court of Bratislava III. The lawsuit seeks judicial recognition of EuroGas’s ownership interest in Rozmin, which it claims was unlawfully taken by Austria’s Schmid Industrieholding – Baumit Group.
This legal action marks the beginning of a series of planned proceedings aimed at addressing the alleged illegal expropriation of EuroGas’s previously held mining rights over the Gemerska Poloma deposit—one of the largest and purest talc ore bodies globally. The deposit was formerly owned by Rozmin s.r.o., which is critical to GESI’s operations.
A notable aspect of this situation is that Rozmin was under bankruptcy protection for over ten years, which effectively paused any statute of limitations regarding legal claims during that time. The recent lawsuit has now formally interrupted any limitation periods that may have been applicable.
In light of substantial evidence uncovered during Rozmin’s reorganization, GESI’s legal team is also considering pursuing actions under the U.S. Racketeer Influenced and Corrupt Organizations Act (RICO). This could potentially target not only the accused parties but also their financial backers and anonymous individuals who have allegedly threatened GESI and its management via online platforms.
Wolfgang Rauball, CEO of GESI, expressed optimism regarding these developments: “We are very pleased with the achievement of this important milestone and we are looking forward to updating our shareholders and affiliated stakeholders more frequently in the months ahead. We remain highly confident that international justice will soon prevail and that our tireless efforts will be financially rewarded.”
As GESI moves forward with its legal strategies, it aims to restore its rightful ownership of valuable mining resources while also addressing any wrongful acts committed against it. The company’s commitment to transparency and frequent updates to its stakeholders underscores its strategic focus on regaining control over its assets and enhancing shareholder value.
The implications of these legal actions could be significant not only for GESI but also for the broader mining sector in Slovakia, where issues of ownership rights and expropriation continue to pose challenges for companies operating within this jurisdiction.
