Atico Mining Provides Corporate Update
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Atico Mining Provides Corporate Update
Vancouver, August 03, 2023 -- 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. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
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Investor Relations
Igor Dutina
Tel: +1.604.633.9022
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is d efined 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 n o 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 ex pectations 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 unc ertainties 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