Dundee Precious Metals receives environmental license for Loma Larga

Dundee Precious Metals (DPMLF) announced that the Government of Ecuador has granted the environmental licence for exploitation for the Loma Larga project. The Loma Larga project environmental licence for exploitation was issued by the Ministry of Environment, Water and Ecological Transition on June 23, 2025, and is the result of a rigorous process by the government to ensure high Ecuadorian standards are applied in the development of mining projects. DPM’s commitment to these standards is consistent with the Company’s proven development practices and adoption of international standards and best practices which meet or exceed national standards. Following the environmental licence issuance, DPM is preparing for formal negotiations for the exploitation agreement. During the second quarter of 2025, DPM completed an updated feasibility study for the Loma Larga project. This included an update to the project economics to reflect the current gold price environment and revised capital and operating cost estimates. It is the Company’s intention to disclose the results in due course to focus on the announced acquisition of Adriatic Metals plc June 13, 2025.