Granting of Incentive Stock Options

Rhea-AI Summary

Atico Mining has announced the granting of 2,346,811 incentive stock options to its directors, officers, employees, and consultants. These options are exercisable at $0.165 per share for a period of five years. Atico is a growth-focused company specializing in copper and gold projects in Latin America, currently operating the El Roble mine and developing the La Plata VMS project in Ecuador. The company aims to generate significant cash flow and is actively seeking additional advanced-stage opportunities.

Positive

• Granting of 2,346,811 incentive stock options to key stakeholders could align their interests with the company's growth.
• Stock options have a five-year exercise period at $0.165 per share, potentially driving long-term commitment.
• Atico is generating significant cash flow from the El Roble mine.
• Development of the high-grade La Plata VMS project in Ecuador is ongoing, indicating future growth potential.

Negative

• None.

VANCOUVER, British Columbia, July 05, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces that pursuant to the Company's stock option plan, 2,346,811 incentive stock options exercisable at $0.165 per share for a period of five years have been granted to directors, officers, employees and consultants of the Company.

About Atico Mining Corporation

Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.

ON BEHALF OF THE BOARD

Fernando E. Ganoza
CEO
Atico Mining Corporation

Trading symbols: TSX.V: ATY | OTC: ATCMF

Investor Relations
Igor Dutina
Tel: +1.604.633.9022

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward Looking Statements

This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; and other risks and uncertainties disclosed under the heading “Risk Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.com

FAQ

What did Atico Mining announce on July 05, 2024?

On July 05, 2024, Atico Mining announced the granting of 2,346,811 incentive stock options to its directors, officers, employees, and consultants.

What is the exercise price and period for Atico's newly granted stock options?

The newly granted stock options are exercisable at $0.165 per share for a period of five years.

What projects is Atico Mining currently focused on?

Atico is focused on the El Roble mine and the high-grade La Plata VMS project in Ecuador.

What is the stock symbol for Atico Mining ?

Atico Mining 's stock symbol is ATCMF on the OTCQX market.