TIDMATYM

RNS Number : 3573B

Atalaya Mining PLC

30 January 2020

30 January 2020

Atalaya Mining Plc.

("Atalaya" or "the Company")

Positive Legal Update on Proyecto Riotinto

Atalaya Mining Plc. (AIM:ATYM, TSX:AYM), the European mining and development company, is pleased to provide a positive update relating to the environmental permits at Proyecto Riotinto.

The Junta de Andalucía ("JdA") has issued a favorable report in relation to the Unified Environmental Authorization (the "AAU") of Proyecto Riotinto. The AAU is now on a short legal consultation period exclusively with parties involved in the process. After this process is completed, the JdA is expected to issue the validated AAU.

This process will finally resolve all the administrative issues identified in the ruling of the Tribunal Superior de Justicia de Andalucía ("TSJA") on 19 September 2018 regarding the AAU.

The validation of the AAU is a required step towards the automatic re-validation of the mining permit for Proyecto Riotinto. The Company continues to operate the mine normally and will update the market on any development in due course.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) no 596/2014.

Contacts:

 
                           Elisabeth Cowell / Adam Lloyd /      + 44 20 3757 
 Newgate Communications     Tom Carnegie                                6880 
                                                                 +44 20 3170 
 4C Communications         Carina Corbett                               7973 
                          -----------------------------------  ------------- 
 Canaccord Genuity 
  (NOMAD and Joint         Henry Fitzgerald-O'Connor / James     +44 20 7523 
  Broker)                   Asensio                                     8000 
                          -----------------------------------  ------------- 
 BMO Capital Markets       Tom Rider / Michael Rechsteiner       +44 20 7236 
  (Joint Broker)            / Neil Elliot                               1010 
                          -----------------------------------  ------------- 
 Peel Hunt LLP                                                   +44 20 7418 
  (Joint Broker)           Ross Allister / David McKeown                8900 
                          -----------------------------------  -------------

About Atalaya Mining Plc

Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. In addition, the Group has a phased, earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain which is currently in the permitting stage. For further information, visit www.atalayamining.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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January 30, 2020 02:01 ET (07:01 GMT)

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