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Regulatory

DPM Metals Responds to Revocation of the Loma Larga Environmental Licence

By The Northwire Desk — AI Analysis Oct 06, 2025 · 12:00 DPM · 31.83 DPM Metals Inc.
DPM · Price

Executive Summary

  • DPM Metals Inc. received notice from Ecuador’s Ministry of Environment and Energy that its environmental licence for the Loma Larga project has been revoked.
  • The revocation follows a review after the licence was originally issued in June 2025; DPM asserts compliance with all applicable standards.
  • The company is evaluating options to preserve shareholder value and maintain project optionality in light of this development.

Key Details

  • Notification Received: Ministry of Environment and Energy (Ecuador) formally revoked the environmental licence for Loma Larga.
  • Project Impact: Licence revocation halts any further development or permitting activities at Loma Larga until resolution.
  • Company Statement: President & CEO David Rae emphasized commitment to environmental stewardship, cited independent water studies showing no adverse impact, and expressed concern over the decision.
  • Next Steps: DPM is assessing all available options—including potential legal remedies, renegotiation with regulators, or alternative project pathways—to protect shareholder value.
  • Previous Licence Issuance: The licence had been granted in June 2025 after a rigorous governmental review process.

Notable Quotes

“We are deeply concerned by the decision to revoke our environmental licence… In light of this development we are assessing all available options to preserve value and maintain optionality for our shareholders.” – David Rae, President & CEO, DPM Metals Inc.

Read the original news release →

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