Atico Announces Completion of The Environmental Consultation Process at La Plata Project

Executive Summary

• The Ministry of the Environment, Water, and Ecological Transition (MAATE) completed the Community Participation Process for Environmental Consultation (PPC), a final step before granting Atico’s Environmental License for exploitation at the La Plata project.
• Over 90% of participating residents supported issuance of the license, indicating strong community backing.
• The milestone moves the La Plata VMS project toward construction‑ready status, enabling future mining and beneficiation activities in Ecuador.

Key Details

• Process Completion: MAATE concluded the PPC on August 23, after facilitators gathered information, presented the Environmental Impact Study (EIA) updates, and explained the Environmental Management Plan to local residents.
• Community Support: More than 90% of attendees from Las Minas de La Plata and San Pablo de La Plata voted in favor of granting the Environmental License.
• Project Advancement: The successful PPC is described as a “significant milestone” that brings the La Plata project closer to construction‑ready status.
• CEO Statement: Fernando E. Ganoza, CEO, emphasized the importance of community collaboration and compliance with Ecuadorian laws and international best practices.
• Next Steps: With the PPC completed, Atico now awaits formal issuance of the Environmental License, which will permit exploitation and beneficiation activities at La Plata.

Notable Quotes

“For Atico, the successful completion of the PPC marks a significant milestone in the La Plata project's path towards construction ready state.” – Fernando E. Ganoza, CEO, Atico Mining Corporation

Materiality Assessment: Material – Positive (the regulatory approval step is material to project development and positively impacts future production potential).