Referendum request
On 28 August 2020, the Ecuadorian Constitutional Court (the “Constitutional Court”) rejected the referendum request on mining activities in the canton of Cuenca, which was submitted to the Court on August 3, 2020. the 3rd request of the prefect of the Azuay in a non-public capacity which, in our view, had political motivations before the 2021 presidential election. The Constitutional Court rejected the request, noting that the criteria and criteria established in the past through the Constitutional Court for a referendum on mining activities were not met.
Our legal suggestion informed us that this and other past decisions set a precedent that any long-term request for a referendum similar to mining activities deserves not our mining concessions legally granted in Ecuador, and long-term exploration, progression and prospective mining activities in concessions. If long-term referendum requests that meet past criteria are allowed through the Constitutional Court, the perspective has an effect on the right to be similar to long-term mining rights that have not yet been granted on the basis of legally valid laws, regulations and regulations. The Company and the various stakeholders will also protect against any long-term requests.
The Ecuadorian federal government continues to work towards its purpose of sustainable and blamed progression for the future. Our team welcomes this exciting phase of Loma Long progression in which we interact with our many stakeholders to convey the benefits of Loma Larga and explain the misinformation.
Social responsibility
For information, contact:
Sunny Lowe Financial Director Phone: (416) 703-8416 Email: [email protected]
Doug Flegg Capital Markets Advisor Phone: (416) 703-8416 Email: [email protected]
Forward-looking statements