10:29 AM EST, 03/05/2024 (MT Newswires) -- Atico Mining Corporation ( ATCMF ) has signed, with the Government of Ecuador, an investment agreement for its La Plata mining project in Ecuador. The agreement, which represents a commitment of more than US$157 million, covers most previous and future exploration, development, construction and initial sustaining investment phases of the La Plata mining project.

The document also outlines the Ecuadorian State's commitment to assist and expedite the progress of the La Plata mining project. This includes the facilitation in securing all requisite approvals, licenses, and permits, ensuring adherence to both Ecuadorian legal frameworks and international standards.

This agreement lays the foundational groundwork for the execution of a formal Investment Protection Agreement (IPA), marking a significant milestone in the partnership between the Ecuadorian State and Atico Mining Corporation ( ATCMF ), the statement noted.

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