Atico Mining Provides Corporate Update
04 August 2023 - 6:30AM
Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY |
OTCQX: ATCMF) reports that the highest body of constitutional
justice provisionally suspends the Executive Decree No 754 (The
Decree) issued earlier in the year. Government of Ecuador, through
the Ministry of Environment, waters and ecological transition
(MAATE), qualified this order as unacceptable and along with the
representatives of the Civil Society will present its counter
argument within 15 working days to support the constitutionality of
The Decree.
On July 31st, the Constitutional Court, admitted
the demand of the Confederation of Indigenous Nationalities of
Ecuador (Conaie) and provisionally suspended The Decree, that
allowed environmental consultations for 155 important development
projects to be carried out. This decision not only affects the La
Plata project and the extractive industries, but also licensing of
tourist activities, treatment plants, waste management centers,
electrical projects, among others.
Atico has successfully completed the technical
approval of its environmental and social impact assessment ("ESIA")
for the La Plata project. The Ministry of Environment, waters and
ecological transition (MAATE) had initiated the final step being
the socialization of the ESIA results. Until further clarity on the
Constitutional Courts ruling, the Process will now be put on pause.
This important step is managed and overseen by the Government of
Ecuador to ensure full compliance with the standards of The
Decree.
The Company will provide further updates as
additional information becomes available.
About Atico Mining
Corporation
Atico is a growth-oriented Company, focused on
exploring, developing and mining copper and gold projects in Latin
America. The Company generates significant cash flow through the
operation of the El Roble mine and is developing it’s high-grade La
Plata VMS project in Ecuador. The Company is also pursuing
additional acquisition of advanced stage opportunities. For more
information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. GanozaCEOAtico Mining
Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor RelationsIgor DutinaTel:
+1.604.633.9022
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
No securities regulatory authority has either
approved or disapproved of the contents of this news release. The
securities being offered have not been, and will not be, registered
under the United States Securities Act of 1933, as amended (the
‘‘U.S. Securities Act’’), or any state securities laws, and may not
be offered or sold in the United States, or to, or for the account
or benefit of, a "U.S. person" (as defined in Regulation S of the
U.S. Securities Act) unless pursuant to an exemption therefrom.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward
Looking Statements
This announcement includes certain
“forward-looking statements” within the meaning of Canadian
securities legislation. All statements, other than statements of
historical fact, included herein, without limitation the use of net
proceeds, are forward-looking statements. Forward- looking
statements involve various risks and uncertainties and are based on
certain factors and assumptions. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Company’s expectations include
uncertainties relating to interpretation of drill results and the
geology, continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs; the need to obtain
additional financing to maintain its interest in and/or explore and
develop the Company’s mineral projects; uncertainty of meeting
anticipated program milestones for the Company’s mineral projects;
the world-wide economic and social impact of COVID-19 is managed
and the duration and extent of the coronavirus pandemic is
minimized or not long-term; disruptions related to the COVID-19
pandemic or other health and safety issues, or the responses of
governments, communities, the Company and others to such pandemic
or other issues; and other risks and uncertainties disclosed under
the heading “Risk Factors” in the prospectus of the Company dated
March 2, 2012 filed with the Canadian securities regulatory
authorities on the SEDAR website at www.sedar.com
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