Atico Signs the Investment Protection Agreement with Government of Ecuador for its La Plata Project
Atico Mining (OTCQX:ATCMF) has achieved a significant milestone by signing an Investment Protection Agreement (IPA) with the Ecuadorian government for its La Plata mining project, which involves a total investment of $157.9 million.
The IPA provides crucial benefits including legal and tax stability throughout the project's lifecycle, a 5% income tax reduction, and access to international arbitration for dispute resolution. The agreement ensures protection against confiscation and includes comprehensive investor rights for production, marketing, and trade.
The La Plata project is in its final stages of obtaining environmental licenses and permits. Once operational, it will generate over 600 direct and 1,200-1,800 indirect jobs during construction, and 300 direct and 600-900 indirect positions during commercial production.
Atico Mining (OTCQX:ATCMF) ha raggiunto una tappa significativa stipulando un Accordo di Protezione degli Investimenti (IPA) con il governo ecuadoriano per Il progetto minerario La Plata, che prevede un investimento totale di $157,9 milioni.
L'IPA garantisce benefici cruciali tra cui stabilità legale e fiscale per l'intero ciclo di vita del progetto, una riduzione dell'imposta sul reddito del 5% e l'accesso all'arbitrato internazionale per la risoluzione delle controversie. L'accordo assicura protezione contro confische e include diritti completi degli investitori per la produzione, la commercializzazione e il commercio.
Il progetto La Plata si trova nelle fasi finali di ottenimento di licenze e permessi ambientali. Una volta operativo, genererà più di 600 posti diretti e 1.200-1.800 indiretti durante la costruzione, e 300 diretti e 600-900 indiretti durante la produzione commerciale.
Atico Mining (OTCQX:ATCMF) ha logrado un hito significativo al firmar un Acuerdo de Protección de Inversiones (IPA) con el gobierno ecuatoriano para su proyecto minero La Plata, que implica una inversión total de $157,9 millones.
El IPA ofrece beneficios cruciales, entre ellos estabilidad legal y fiscal a lo largo del ciclo de vida del proyecto, una reducción del impuesto sobre la renta del 5% y acceso al arbitraje internacional para la resolución de disputas. El acuerdo garantiza protección contra la confiscación e incluye derechos completos de los inversores para la producción, la comercialización y el comercio.
El proyecto La Plata se encuentra en las etapas finales de obtención de licencias y permisos ambientales. Una vez en operación, generará más de 600 puestos directos y entre 1.200 y 1.800 indirectos durante la construcción, y 300 directos y entre 600 y 900 indirectos durante la producción comercial.
Atico Mining(OTCQX:ATCMF)가 에콰도르 정부와 La Plata 광산 프로젝트에 대한 투자보호협정(IPA)을 체결하여 중요한 이정표를 달성했습니다. 총 투자액은 $157.9백만입니다.
IPA는 프로젝트 수명 주기 동안의 법률 및 세무 안정성, 법인세 5% 인하, 분쟁 해결을 위한 국제 중재 접근 등 중요한 혜택을 제공합니다. 이 협정은 몰수로부터의 보호를 보장하고 생산, 마케팅, 무역에 대한 투자자 권리를 포괄합니다.
La Plata 프로젝트는 환경 허가 및 허가를 최종 단계에 있습니다. 가동되면 건설 동안 직접 600명 이상, 간접 1,200~1,800명의 고용이 창출되며, 상업 생산 시 직접 300명, 간접 600~900명의 고용이 발생합니다.
Atico Mining (OTCQX:ATCMF) a franchi une étape importante en signant un Accord de Protection des Investissements (IPA) avec le gouvernement équatorien pour son projet minier La Plata, qui représente un investissement total de $157,9 millions.
L'IPA offre des avantages cruciaux, dont la stabilité juridique et fiscale tout au long du cycle de vie du projet, une réduction de l'impôt sur le revenu de 5%, et l'accès à l'arbitrage international pour la résolution des litiges. L'accord assure une protection contre la confiscation et comprend des droits investisseurs pour la production, la commercialisation et le commerce.
Le projet La Plata est à ses dernières étapes d'obtention des licences et des permis environnementaux. Une fois opérationnel, il générera plus de 600 emplois directs et entre 1 200 et 1 800 emplois indirects pendant la construction, et 300 directs et entre 600 et 900 indirects pendant la production commerciale.
Atico Mining (OTCQX:ATCMF) hat einen bedeutenden Meilenstein erreicht, indem es mit der ecuadorianischen Regierung ein Investitionsschutzabkommen (IPA) für sein La Plata Bergbauprojekt abgeschlossen hat, das eine Gesamtinvestition von $157,9 Millionen umfasst.
Das IPA bietet wichtige Vorteile, darunter rechtliche und steuerliche Stabilität über den gesamten Lebenszyklus des Projekts, eine Reduzierung der Einkommensteuer um 5% und Zugang zum internationalen Schiedsverfahren zur Streitbeilegung. Die Vereinbarung schützt vor Enteignung und umfasst umfassende Investorenrechte für Produktion, Vermarktung und Handel.
Das La Plata-Projekt befindet sich in den letzten Phasen der Genehmigungen und Umweltlizenzen. Nach Betriebsaufnahme wird es über 600 direkte Arbeitsplätze und 1.200–1.800 indirekte Arbeitsplätze während des Baus schaffen, sowie 300 direkte und 600–900 indirekte Arbeitsplätze während der kommerziellen Produktion.
Atico Mining (OTCQX:ATCMF) حققت خطوة مهمة بتوقيع اتفاقية حماية الاستثمار (IPA) مع حكومة الإكوادور للمشروع La Plata للتعدين، والتي تتضمن استثماراً إجمالياً قدره $157.9 مليون.
توفر الـ IPA فوائد حاسمة بما في ذلك الاستقرار القانوني والضريبي طوال دورة حياة المشروع، وخصم ضريبة الدخل بنسبة 5%، وإمكانية الوصول إلى التحكيم الدولي لحل النزاعات. وتضمن الاتفاقية حماية من المصادرة وتشتمل على حقوق المستثمرين الشاملة للإنتاج والتسويق والتجارة.
مشروع La Plata في المراحل النهائية للحصول على التراخيص والاذنات البيئية. بمجرد التشغيل، سيخلق أكثر من 600 وظيفة مباشرة و1,200–1,800 وظيفة غير مباشرة خلال البناء، و300 وظيفة مباشرة و600–900 وظيفة غير مباشرة خلال الإنتاج التجاري.
Atico Mining (OTCQX:ATCMF) 已通过与厄瓜多尔政府就其 La Plata 矿业项目 签署投资保护协定（IPA），取得重要里程碑，投资总额为 $157.9 百万美元。
IPA 提供关键利益，包括在项目生命周期内的法律和税收稳定性、所得税降低 5%，以及用于争议解决的国际仲裁途径。该协议确保免受没收的保护，并包含对投资者在生产、营销和贸易方面的全面权利。
La Plata 项目正处于获得环境许可的最后阶段。一旦投入运营，它将在建筑阶段创造 直接超过 600 个职位，间接 1,200–1,800 个职位，在商业生产阶段创造 直接 300 个职位，间接 600–900 个职位。
- Secured legal and tax stability through IPA for $157.9 million investment
- Obtained 5% income tax reduction for the project's duration
- Protected by international arbitration rights in New York, USA
- Will create over 600 direct and 1,800 indirect jobs during construction
- Project is in final stages of permitting process
- Environmental license and permits still pending final approval
- Project execution subject to regulatory compliance and permit acquisition
VANCOUVER, British Columbia, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) is pleased to announce that further to the Press Release on March 5th, 2024, another milestone has been reached with the signing of the Investment Protection Agreement (IPA). The agreement with the Ecuadorian State is for development of the La Plata mining project covering a total investment of USD
Fernando E. Ganoza, CEO commented, "The signing of the IPA for the La Plata project is a significant milestone that underscores our commitment to sustainable development and economic growth in Ecuador. This agreement, with its robust legal and tax stability provisions, not only safeguards current and future
Key benefits of the IPA
- Grants legal and tax stability for the project during the life of the contract.
- Grants an income tax reduction of
- Allows for international arbitration in case of disputes.
The La Plata Project’s IPA provides comprehensive safeguards for investors ensuring legal stability by guaranteeing that sector-specific essential regulations remain unchanged for the duration of the project. Tax stability is granted for corporate income tax, covering rules determining the taxable base and tax due at the time of signing, though administrative procedures are excluded, and investors may opt for the current tax regime if preferred. Similarly, tax incentive rules in place at signing are stabilized for the IPA term, with the option for investors to waive this stability. Property rights are robustly protected, with a ban on confiscation and expropriation of immovables permitted only for constitutional public purposes, conducted non-discriminatorily, at market value, and with just compensation. Investors to receive significant rights, including the right to produce and market lawful goods, set prices, import and export subject to laws and treaties. For dispute resolution, the IPA mandates amicable negotiations for 60 days upon written notice; if unresolved, disputes are settled through ICC arbitration with a tribunal of three arbitrators who do not share the parties’ nationality unless agreed otherwise. The arbitration seat is New York, USA, governed by Ecuadorian law for merits and procedure, and international investment principles as recognized by Ecuador’s legal order and COPCI.
The La Plata project is at the very last stage of obtaining the environmental license and other permits required by mining and environmental legislation. Once these permits are received, the plan is to begin its construction and operation activities, generating more than 600 direct employment positions and between 1200 to 1800 indirect employment positions in the construction stage and more than 300 direct employment positions and between 600 and 900 indirect employment positions once in commercial production.
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.
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