SolGold PLC Announces Cascabel CIPA
- Signing of joint declaration with the Government of Ecuador for Complementary Investment Protection Agreement.
- US $3.2 billion commitment for activities related to Cascabel mining concession.
- Largest mining investment in Ecuadorian history.
- Deepening relationship with the Ecuadorian State and significant support for responsible mining.
- Positive reception at PDAC convention.
- None.
Cascabel Complementary Investment Protection Agreement
BISHOPSGATE, LONDON / ACCESSWIRE / March 6, 2024 / SolGold (LSE:SOLG)(TSX:SOLG) is pleased to announce the signing of a joint declaration with the Government of Ecuador in preparation for the execution of the Complementary Investment Protection Agreement ("IPA") for the Cascabel Project ("Project" or "Cascabel") in Ecuador. The signing took place in Toronto at the Prospectors and Developers Association of Canada ("PDAC") convention, representing a significant advancement in the Company's commitment to the Project and its partnership with the Ecuadorian government.
The signing was conducted by the Minister of Production, Foreign Trade, Investments and Fisheries, Ms. Sonsoles García, and Scott Caldwell, CEO of SolGold, on behalf of SolGold plc and SolGold Finance AG, along with representatives from Exploraciones Novomining S.A. and SolGold-Ecuador S.A., in advance of the definitive Complementary IPA to be signed in Ecuador.
In addition to the US
SolGold's CEO and President of SolGold Ecuador, Scott Caldwell, commented:
"The Complementary Investment Protection Agreement not only reinforces the protections for our key investment in Ecuador but also symbolizes a deepening of our relationship with the Ecuadorian State. President Noboa's attendance and insightful speech at the PDAC convention were warmly welcomed by the mining community and underscores the significant support of his administration for responsible mining in Ecuador."
CONTACTS
Scott Caldwell |
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Tavistock (Media) |
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ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.
The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).
See www.solgold.com.au for more information. Follow us on X @SolGold_plc
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SOURCE: SolGold PLC
View the original press release on accesswire.com
FAQ
What is the significance of the Complementary Investment Protection Agreement for SolGold (SLGGF)?
Who signed the joint declaration with the Government of Ecuador for the agreement?
What is the total investment commitment under the Complementary IPA for SolGold?
What was highlighted about the Project in the PR?
Who is the CEO of SolGold and what did he comment on the agreement?
