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

Rhea-AI Summary

Atico Mining (OTCQX:ATCMF) has achieved a significant milestone with the successful completion of the Community Participation Process for Environmental Consultation (PPC) at its La Plata project in Ecuador. The process, conducted by the Ministry of the Environment, Water, and Ecological Transition (MAATE), represents the final step before granting the Environmental License for exploitation.

The consultation process included environmental facilitators gathering information, sharing project details, and conducting community consultations. At the MAATE's Consultation Assembly on August 23, over 90% of participating residents from Las Minas de La Plata and San Pablo de La Plata expressed support for granting the Environmental License to proceed with mining operations.

Positive

• Over 90% of local residents support the project's Environmental License approval
• Completion of final step before obtaining Environmental License for exploitation
• Strong community engagement and support for the mining project
• Project advancing towards construction-ready state

Negative

• Project still requires final Environmental License approval
• Future operations subject to various regulatory and environmental risks

VANCOUVER, British Columbia, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) is pleased to announce that the Ministry of the Environment, Water, and Ecological Transition (MAATE) successfully concluded the Community Participation Process for Environmental Consultation (PPC) as a final step in the process prior to granting the Environmental License for exploitation.

“For Atico, the successful completion of the PPC marks a significant milestone in the La Plata project's path towards construction ready state” said Fernando E. Ganoza, CEO. “Furthermore, it reinforces our commitment to collaborate closely with the local community in the area of influence and beyond, ensuring our activities are conducted with social and environmental responsibility, in full compliance with Ecuadorian laws and international best practices.”

The process began with environmental facilitators visiting the project's area of social influence to gather information needed to establish mechanisms for convening, informing, and consulting, in line with environmental regulations. Next, the informative phase was carried out to share the project description, its potential environmental impacts, and the Environmental Management Plan, which includes prevention, mitigation, and control measures. The process successfully concluded with the environmental consultation of residents in the area of direct social influence of the mining project.

On August 23, a significant number of residents from Las Minas de La Plata and San Pablo de La Plata attended MAATE's Consultation Assembly. Environmental facilitators presented updates and enhancements to the approved Environmental Impact Study (EIA) and Environmental Management Plan for the La Plata mining project. Over 90% of participants voiced support for the project, agreeing that the Environmental License should be granted to the mining company to proceed with exploitation and beneficiation activities.

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 its 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

Investor Relations
Igor Dutina
Tel: +1.604.633.9022

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined 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 no 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 expectations 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; and other risks and uncertainties disclosed under the heading “Risk Factors” in the Company’s Annual Information Form (“AIF”) dated September 4, 2024, filed with the Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.com and as available on the Company's website for further details.

FAQ

What milestone did Atico Mining (ATCMF) achieve at its La Plata project in September 2025?

Atico Mining completed the Community Participation Process for Environmental Consultation (PPC), the final step before receiving the Environmental License for exploitation at La Plata.

What percentage of local residents supported Atico Mining's La Plata project?

Over 90% of participating residents from Las Minas de La Plata and San Pablo de La Plata supported granting the Environmental License for the project.

What is the significance of the PPC completion for Atico Mining's La Plata project?

The PPC completion represents a crucial milestone towards achieving construction-ready status and demonstrates strong community support for the project's development.

What are the next steps for Atico Mining's La Plata project after the PPC completion?

The next step is receiving the Environmental License from the Ministry of the Environment, Water, and Ecological Transition (MAATE) to proceed with exploitation and beneficiation activities.

Where is Atico Mining's La Plata project located?

The La Plata project is located in Ecuador and is described as a high-grade VMS (Volcanogenic Massive Sulfide) project.