DPM Metals Inc. (TSX: DPM, OTC: DPMLF, ASX: DPM) (“DPM” or “The Company”) confirmed that it received notification from the Ministry of Environment and Energy that it has withdrawn the environmental permit for the Loma Larga project in Ecuador.
“DPM is committed to the highest standards of environmental management and transparency, and we strictly meet the laws in the countries where we are active,” said David Rae, President and CEO.
“We are deeply concerned about the decision to withdraw our environmental permit, which was issued in June after a rigorous process by the government to ensure that high Ecuadorian standards are applied to the development of Loma Larga. We are convinced that our environmental management plan and the robust environmental measures for Loma Larga are in accordance.
“Responsible management of water and the sensitive ecosystem of the environment near Loma Larga are important considerations in the design of the project. Water studies carried out by independent experts, DPM and the regulators, consistently show that the project would have no adverse consequences for the water supply.
“In the light of this development, we assess all available options to retain value and to retain the optionality for our shareholders.”
About DPM Metals Inc.
DPM Metals Inc. is an international gold mine company established in Canada with operations and projects in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. Our strategic goal is to become a medium precious metals, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to achieve an above -average return for our shareholders. DPM acts on the Toronto Stock Exchange (symbol: DPM) and the Australian Securities Exchange (symbol: DPM).
For more information, contact:
Jennifer Cameron
Director, investor relationships
Tel: (416) 219-6177
jcameron@dpmmetals.com
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