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Atico Signs the Investment Protection Agreement with Government of Ecuador for its La Plata Project
VANCOUVER, British Columbia, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the &#x...
About this update from Atico Mining Corporation
[{"type":"text","content":"Atico Signs the Investment Protection Agreement with Government of Ecuador for its La Plata Project\n\n\n\n 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\n \n March 5\n \n\n\n th\n \n\n\n , 2024\n \n , 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$157.9 million.\n \n\n 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 $157.9 million of investments throughout the life of the mine but also strengthens investor confidence by ensuring a predictable and secure environment while positioning La Plata as a cornerstone for responsible mining and long-term value creation for all stakeholders.\"\n \n\n Key benefits of the IPA\n \n\n - Grants legal and tax stability for the project during the life of the contract.\n \n\n - Grants an income tax reduction of 5% during the life of the contract.\n \n\n - Allows for international arbitration in case of disputes.\n \n\n 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 righ...