Ascendant Copper Corporation ("Ascendant")
(TSX:ACX)(BERLIN:A0HMLE)(FRANKFURT:A5C)(WKN:A0HMLE) ("the Company") has learned
through media reports that the Ecuadorian government has voided two concessions,
Golden 1 and Golden 2, forming part of the Company's Junin project in
northwestern Ecuador. Ascendant has received no notification of annulment from
the Government of Ecuador or the Ministry of Mines and Petroleum, nor is it
aware that any such notification exists.


According to Ascendant Copper's records, all concession payments regarding each
of its projects have been made, on time, as stated by Ecuadorian law. The
Company has complied with all government requests, abided by all Ecuadorian
mining regulations and remains in compliance with all laws.


The Company continues to work closely with the Ecuadorian government on both the
Junin and Chaucha projects. The 7,400-hectare Chaucha project is currently
moving toward pre-feasibility study.


Ascendant Copper has been in contact with the Ecuadorian government for more
information and clarification and will continue to do so. The Company will
provide an update as soon as additional information becomes available.


About Ascendant Copper

Ascendant Copper Corporation is a mineral exploration and development company
that is focused on becoming a mid-tier copper and molybdenum producer. Ascendant
is responsibly advancing its copper-molybdenum projects in Ecuador toward a
verifiable economic base metal discovery. Ascendant continues to investigate
mineral properties of merit in the Americas.
ACT Energy Technologies (TSX:ACX)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more ACT Energy Technologies Charts.
ACT Energy Technologies (TSX:ACX)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more ACT Energy Technologies Charts.