Wednesday, October 8, 2025

Latest

Adventus Mining Granted Environmental License For El-Domo Copper Gold Project

Adventus Mining (TSXV: ADZN) has officially seen an environmental license issued for its flagship El Domo-Curipamba project by the Ministry of Environment, Water, and Energy Transition in Ecuador.

The approval concludes a two year process initiated by the company in November 2021, when it submitted an Environmental and Social Impact Assessment along with an Environmental Management Plan to the Ministry. The 7,000 pages of data provided consist of comprehensive details on the impact of transitioning the El Domo-Curipamba project into an operating mine.

Official approval for the project follows the company receiving 98% approval from persons within the direct area of influence of the project in December, following an environmental consultation process conducted last year.

Construction at El Domo is said to begin according to previous guidance, with Adventus in October stating that construction was targeted to begin in the second quarter of 2024. Key priorities for 2024 are said to include the receipt of all final permits, the completion of detailed engineering, and the finalization of full financing needs to allow for the project to enter the construction phase.

The El Domo-Curipamba project is 75% owned by Adventus, while Salazar Resources (TSXV: SRL) maintains a 25% interest. The project consists of a VMS deposit, which in October 2021 a feasibility study estimated proven and probable reserves amounting to 124.9 kt of contained copper, 16.2 kt of contained lead, 161.4 kt of contained zinc, 525 koz of contained gold, and 9,517 koz of contained silver. Additional resources exist in the indicated and inferred category as well.

Separately, on Friday, Luminex Resources (TSXV: LR) indicated that shareholders had approved the acquisition of Luminex by Adventus Mining. With shareholders providing approval, that transaction is now slated to close later this week, bringing together two operators in Ecuador that combined will have land claims on over 135,000 hectares across 13 projects.

The acquisition of Luminex will add Ross Beaty’s Lumina group to Adventus’ shareholder base, while establishing an entity that is only 32% owned by retail investors. Ross Beaty is expected to be a substantial shareholder of the resulting issuer with a 13% stake on an undiluted basis.

Adventus Mining last traded at $0.27 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Adventus, Salazar Intersect 26.8% Copper Equivalent Over 9.1 Metres

Adventus Mining Corporation (TSXV: ADZN) and Salazar Resources Limited (TSXV: SRL) today released their final...

Tuesday, June 15, 2021, 08:29:43 AM

Adventus Mining Closes On Acquisition Of Luminex Resources, Establishing Ecuador Focused Copper-Gold Developer

Adventus Mining (TSXV: ADZN) has completed its acquisition of Luminex Resources (TSXV: LR), bringing together...

Friday, January 26, 2024, 08:25:59 AM

Silvercorp To Proceed With Acquisition Of Adventus Mining

Adventus Mining (TSXV: ADZN) is set to proceed with being acquired by Silvercorp Metals (TSX:...

Wednesday, July 31, 2024, 09:37:55 AM

Adventus Sells Its Canstar Shares To Eric Sprott For $6.5 Million

Adventus Mining Corporation (TSXV: ADZN) announced this morning that it has entered into an agreement...

Friday, July 9, 2021, 10:24:00 AM

Adventus Mining Receives Permit For Tailings Storage Facility For El Domo Project

Adventus Mining (TSXV: ADZN) has progressed past another major hurdle as it relates to the...

Tuesday, January 30, 2024, 09:18:33 AM