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Atico Mining Company Declares EIA approval for its 100% owned La Plata Challenge in Ecuador


VANCOUVER, British Columbia, Might 19, 2022 (GLOBE NEWSWIRE) — Atico Mining Company (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is happy to announce that it has acquired approval of the Environmental Affect Evaluation (“EIA”) for the development and operations of its La Plata mining undertaking positioned in Ecuador (the “La Plata project”).

The La Plata undertaking has been recognized by President of Ecuador, Guillermo Lasso as a strategic undertaking and a element of the nation’s reactivation plan. As part of this plan, President Lasso has dedicated to accelerating the restart of the nation’s economic system by leveraging the potential of its mining business whereas positioning Ecuador as a serious mining funding vacation spot in Latin America.

The EIA baseline course of began over 3 years in the past and concerned unbiased environmental consultants in addition to certified professionals largely from Ecuador, Canada, Peru in addition to from our El Roble mine operation which has been acknowledged as one of many most secure mines in Colombia.

The La Plata undertaking plan consists of a 900 tpd underground mining operation with state-of-the-art infrastructure, essentially the most important infrastructure being the development of a filtered tailings facility a primary of its type in Ecuador. This technology, already used at our El Roble mine in Colombia, permits for environment friendly use of water by considerably lowering water consumption by means of recirculating virtually all the water wants for the processing plant.

Mr. Alain Bureau, President of Atico Mining said, “Our Team is very pleased to announce the receipt of the EIA approval for the La Plata project. This announcement is the culmination of a lengthy scientific process to identify every aspect of the project that could be optimized and provide solutions allowing for a responsible mining operation. We also wish to acknowledge the extensive efforts of our employees, consultants, surrounding communities and the support from the Ecuadorian environmental authorities.”

The approval of the EIA is a key milestone in direction of permitting the Firm to start development of the brand new course of plant facility. This approval allows the Firm to advance on its regular course with a view to full the underlying licences and secondary permits essential. The La Plata undertaking additionally consists of the improve of different infrastructures together with the improve of the entry street, a 69kV powerline and a flotation plant with its filtered tailing services. The GAD and Water Administration Affiliation of the area are presently engaged on water infrastructures initiatives. These water initiatives will allow the improve and modernization of the prevailing water provide services offering a greater high quality of water delivered to operations and the encompassing communities.

Atico Mining’s success and tradition are primarily based on investing in sustainable improvement in communities the place it operates by means of accountable mining with an incredible emphasis on the encompassing atmosphere.

About Atico Mining Company

Atico is a growth-oriented Firm, centered on exploring, creating and mining copper and gold initiatives in Latin America. The Firm generates important money stream by means of the operation of the El Roble mine and is creating it’s high-grade La Plata VMS undertaking in Ecuador. The Firm can be pursuing extra acquisition of superior stage alternatives. For extra info, please go to www.aticomining.com.

ON BEHALF OF THE BOARD

Fernando E. Ganoza
CEO
Atico Mining Company

Buying and selling symbols: TSX.V: ATY | OTCQX: ATCMF

Investor Relations
Igor Dutina
Tel: +1.604.633.9022

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

No securities regulatory authority has both accredited or disapproved of the contents of this information launch. The securities being provided haven’t been, and won’t be, registered below the US Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities legal guidelines, and might not be provided or bought in the US, or to, or for the account or advantage of, a “U.S. person” (as outlined in Regulation S of the U.S. Securities Act) until pursuant to an exemption therefrom. This press launch is for info functions solely and doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any securities of the Firm in any jurisdiction.

Cautionary Notice Concerning Ahead Wanting Statements

This announcement consists of sure “forward-looking statements” throughout the which means of Canadian securities laws. All statements, aside from statements of historic reality, included herein, with out limitation using web proceeds, are forward-looking statements. Ahead- wanting statements contain varied dangers and uncertainties and are primarily based on sure elements and assumptions. There might be no assurance that such statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. Vital elements that might trigger precise outcomes to vary materially from the Firm’s expectations embody uncertainties regarding interpretation of drill outcomes and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and working prices; the necessity to get hold of extra financing to take care of its curiosity in and/or discover and develop the Firm’s mineral initiatives; uncertainty of assembly anticipated program milestones for the Firm’s mineral initiatives; the world-wide financial and social affect of COVID-19 is managed and the period and extent of the coronavirus pandemic is minimized or not long-term; disruptions associated to the COVID-19 pandemic or different well being and questions of safety, or the responses of governments, communities, the Firm and others to such pandemic or different points; and different dangers and uncertainties disclosed below the heading “Risk Factors” within the prospectus of the Firm dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR web site at www.sedar.com


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Hirak Deb Nathhttps://www.asem-education-secretariat.org
Hi, I am Hirak Deb Nath. I am working as an Associate Data Analyst and Web Developer at Accenture in the Artificial Intelligence Team. I have 1.5 years of experience in Full Stack Web Development in React and 5 years of experience in Digital Marketing. I run various Blogs and E-commerce businesses in different Categories. I am a News and Media, Business, Finance, Tech, Artificial Intelligence, Cloud Computing, and Data Science Enthusiast. Additionally, I know Java, C, C++, Python, Django, Machine Learning Android Development, SEO, SMM, Figma, Shopify, and WordPress customization.
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