Atico Mining Corporation announced that the Ministry of Energy and Mines of Ecuador, through the Central Coordination Zone, has authorized the extension period for the La Plata mining concession. This new period of validity for the concession is extended until 2049. This time frame will allow for the advancement of engineering activities, construction, operation, and closure of mining operations within the concession, as well as allowing the integration of any future exploration success within the mining concession that could potentially add to the currently estimated resources.

The new term of the concession will begin from the date of registration in the Mining Registry under the Agency for Regulation and Control of Energy and Non-Renewable Natural Resources. This decision by the Government of Ecuador creates better conditions to continue the investment plans in La Plata. In a favorable scenario where additional time is needed, in 2048, the Company can apply for another 25 year extension.

The project is in its last stage of Environmental Licensing and the Company is looking forward to completing this milestone within the upcoming months.