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    ADZN   CA00791E1025


Delayed Quote. Delayed Bourse de Toronto - 01/21 03:59:59 pm
0.88 CAD   -3.30%
01/20IIROC Trading Resumption - ADZN
01/19Adventus Mining Raising C$30 Million in a Bought-Deal Public Offering of Share Units
01/19Adventus Announces C$30 Million Bought Deal Public Offering
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Adventus Mining and Salazar Complete the Environmental and Social Impact Assessment for the Curipamba Copper-Gold Project and Commence the Environmental Licensing Process with the Government of Ecuador

11/19/2021 | 11:38am EST

TORONTO - Adventus Mining Corporation ('Adventus') (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited are pleased to announce that the Environmental and Social Impact Assessment ('ESIA') for the Curipamba copper-gold project located in central Ecuador has been completed and the environmental licensing process has been initiated with the Ecuadorian Ministry of Water, Environment and Ecological Transition (the 'Ministry').

The completed ESIA is the culmination of over two years of environmental, community, and engineering activities led by the Partners, with the assistance of several internationally recognized and Ecuador-experienced consulting firms. Importantly, the ESIA includes all technical design and project scope parameters detailed in the recently completed Curipamba feasibility study. The Partners expect to work closely with the Ministry during the ESIA review period as approval is required for the construction decision on the Curipamba project.

President and CEO of Adventus, Christian Kargl-Simard stated: 'After completing thorough baseline studies, we are very pleased to announce the completion of the Curipamba ESIA and the start of the environmental licensing process. Officially starting the ESIA review process is a key milestone in our goal of having Curipamba as the next mine built in Ecuador. This has been a collaborative effort between the Partners and our team of internationally and locally recognized consultants. We have also been working very closely with the government to ensure our design complies with all Ecuadorian standards and regulations. We look forward to continued collaboration with the appropriate government ministries as we go through the permitting and approval process and advance the Curipamba project towards future operations.'

President and CEO of Salazar, Fredy Salazar stated: 'We have been working in the Curipamba district for over ten years and are excited to see the project moving to this next stage of development. This is an excellent project, and we are proud to formalise the great work that has been done in environmental management and community relations. We look forward to working with government authorities and local stakeholders in the next phase of the ESIA review to ensure the highest standard of environmental protection and that community benefits are maximized.'

About Adventus

Adventus Mining Corporation is an Ecuador focused copper-gold exploration and development company. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus is advancing the Curipamba copper-gold project through a feasibility study, while continuing to explore the broader 215 square kilometre district. In addition, Adventus is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Adventus also controls an exploration project portfolio in Ireland with South32 Limited as funding partner. Adventus is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.

About Salazar

Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

About Klohn Crippen Berger

Klohn Crippen Berger (KCB) is involved in some of the largest, most complex engineering and geoscience projects around the world. We are proud that our client relationships have spanned decades and last as long as our structures. Our client relationships begin with thorough exploratory work, solid design, and an unwavering commitment to implementing the right solution for every project. As a leading engineering, geoscience, and environmental consulting firm, we have confidence in our work because our professionals balance their technical acumen with practical solutions, and an eye towards innovation and our clients in the hydropower, mining, transportation, infrastructure, and energy sectors continue to see the benefits.

About Knight Piesold

Knight Piesold focuses on what we do best to create value for our clients through all stages of mine development. Our mining expertise has been applied to hundreds of surface and underground mining projects worldwide, from early exploration, through environmental and engineering studies, and on to construction, operations, and closure. Through quality and environmentally sound engineering and science, our clients trust us to successfully move their projects forward. Celebrating 100 years, Knight Piesold has a 900-strong team operating from 27 offices across 15 countries, supporting the mining, power, water resources, and infrastructure industries.

About Cardno

The Cardno Latin America Group provides social, environmental, and engineering services for the improvement and delivery of sustainable infrastructure in local and international communities. Our team and their respective departments work together to provide interdisciplinary assessments and analyses based on a solid understanding of the geographic, socioeconomic, physical, and legal contexts. Cardno is one of the world's leading environmental consultants. Our work and expertise in natural systems assessment and management, environmental impact assessment and monitoring, agricultural development, climate change management, conservation and rehabilitation is unrivaled.

This press release contains 'forward -looking information' within the meaning of applicable Canadian securities laws. Forward-looking statements are based on the beliefs, expectations, and opinions of the management of the Partners as of the date the statement is published, and the Partners assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'outlook', 'guidance', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will be taken', 'occur' or 'be achieved' or the negative of these terms or comparable terminology.


Tel: +1 416 306 8201

Email: info@adventusmining.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ADVENTUS HOLDINGS LIMITED 0.00% 0.008 Delayed Quote.0.00%
ADVENTUS MINING CORPORATION -3.30% 0.88 Delayed Quote.-7.37%
SALAZAR RESOURCES LIMITED -1.72% 0.285 Delayed Quote.-3.39%
01/20IIROC Trading Resumption - ADZN
01/19Adventus Mining Raising C$30 Million in a Bought-Deal Public Offering of Share Units
01/19Adventus Announces C$30 Million Bought Deal Public Offering
01/19Adventus Announces C$30 Million Bought Deal Public Offering
01/19IIROC Trading Halt - ADZN
01/18/r e p e a t -- adventus mining and salazar resources secure us$235.5 million with whea..
01/18MORE MT NEWSWIRES CANADA OVERNIGHT S : Adventus and Salazar and Wheaton
01/17Adventus mining and salazar resources secure us$235.5 million with wheaton precious met..
01/17Adventus Mining Corporation announced that it expects to receive $55 million in funding..
01/04Adventus Mining, Salazar Resources, Form Joint Venture to Develop the Curipamba Copper ..
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Sales 2021 - - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 116 M 92,6 M 92,3 M
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees -
Free-Float -
Duration : Period :
Adventus Mining Corporation Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Mean consensus BUY
Number of Analysts 6
Last Close Price 0,88 CAD
Average target price 1,93 CAD
Spread / Average Target 119%
Managers and Directors
Christian Kargl-Simard President, Chief Executive Officer & Director
Frances Kwong CFO, Secretary & Vice President-Finance
Mark Wellings Chairman
Sally Louise Eyre Independent Director
Paul Bristol Sweeney Independent Non-Executive Director
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