VANCOUVER, Canada, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (“Oroco” or the “Company”) is pleased to announce that it has received a positive resolution from the Mexican Federal Secretaría del Medio Ambiente y Recursos Naturales (“SEMARNAT”) to its “informe preventivo” notice of exploration activities on the Santo Tomas Project. As a result of the positive resolution, the Company’s planned drilling and exploration activities “… do not require obtaining the authorization in matters of Environmental Impact granted by this Secretariat and therefore can be carried out in accordance with the characteristics indicated in the IP presented for the project.” Consequently, the Company may proceed with the scope of drilling and exploration on the Santo Tomas Project set out in the notice without an Environmental Impact Authorization from SEMARNAT.
Related Questions
How will the positive SEMARNAT resolution affect Oroco's share price in the short term?
What is the expected timeline to commence drilling and exploration at the Santo Tomas Project?
How does this regulatory development compare to recent approvals for peer companies in the Mexican mining sector?
What impact could the accelerated exploration have on Oroco's resource estimates and future production forecasts?
Are there any remaining regulatory or permitting risks that could still delay the Santo Tomas Project?
How might this news influence investor sentiment and trading volume for OCO on the TSX‑V and OTC markets?
Will the company need additional financing to fund the upcoming drilling program, and how could that affect its capital structure?
What are the potential implications for Oroco's long‑term growth strategy and its position within the broader mining industry?
Could this positive resolution trigger any changes in the company's competitive dynamics or market share in the region?
Will the removal of the Environmental Impact Authorization requirement reduce project costs or capital expenditures?