Dundee Precious Metals Announces Receipt of Environmental Licence for the Loma Larga Project and Provides Update on the Feasibility Study Results Timing

Core Viewpoint - The Government of Ecuador has granted an environmental license for the Loma Larga project, marking a significant milestone for Dundee Precious Metals (DPM) and presenting a future growth opportunity with strong potential returns for investors [1][2][3]. Environmental License and Compliance - The environmental license was issued by the Ministry of Environment, Water and Ecological Transition on June 23, 2025, following a rigorous government process to ensure compliance with Ecuadorian standards [2]. - DPM's commitment to high environmental standards aligns with its proven development practices and international best practices [2][4]. Project Development and Community Engagement - DPM is preparing for formal negotiations regarding the exploitation agreement for the Loma Larga project [2]. - The company emphasizes responsible mining practices, focusing on environmental stewardship and water management, which includes minimizing the project's footprint and maximizing the recycling of processed water [4][8]. - DPM has engaged in proactive collaboration with local communities and government authorities since acquiring the project in 2021, aiming to foster strong relationships and invest in local workforce development [6][7]. Water Management and Environmental Stewardship - The project design includes wastewater treatment and storage facilities, fully lined tailings, and contact water storage ponds, adhering to both International Finance Corporation and Ecuadorian standards [9]. - DPM's approach to water management prioritizes the responsible use of water resources, minimizing freshwater use and ensuring the recycling of processed water [8][10]. Feasibility Study Update - An updated feasibility study for the Loma Larga project was completed in Q2 2025, reflecting current gold price conditions and revised capital and operating cost estimates, with results to be disclosed in due course [11]. Company Overview - Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations in Bulgaria, Serbia, and Ecuador, aiming to become a mid-tier precious metals company through sustainable and efficient gold production [12].