Atlas Consolidated Mining and Development Corporation

08/08/2022 | Press release | Distributed by Public on 08/07/2022 21:34

Clarification of News Reports

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported) Aug 8, 20222. SEC Identification Number PW0000115A3. BIR Tax Identification No. 000-154-5724. Exact name of issuer as specified in its charter ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 5F Five E-Com Center, Palm Coast Ave. corner Pacific Drive, Mall of Asia Complex Postal CodePostal Code13008. Issuer's telephone number, including area code +632 8403 08139. Former name or former address, if changed since last report Not applicable10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock, Php1.00 par value 3,559,532,774
11. Indicate the item numbers reported herein 17-c

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Atlas Consolidated Mining and Development CorporationAT

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification on News article "Carmen Copper allots P6 billion for new facilities" posted in philSTAR.com on August 8, 2022.

Source philSTAR.com (Online Edition)
Subject of News Report "Carmen Copper allots P6 billion for new facilities"
Date of Publication Aug 8, 2022
Clarification of News Report

We write with respect to the news article "Carmen Copper allots P6 billion for new facilities" posted in philSTAR.com (Online Edition) on August 8, 2022, it was reported in part that:

"MANILA, Philippines - Carmen Copper Corp., a wholly owned unit of listed Atlas Consolidated Mining and Development Corp., is spending over P6 billion to put up ore sorting and crushing facilities in its Toledo Copper Mine in Cebu.

In a filing with the Department of Environment and Natural Resources-Environmental Management Bureau (DENR-EMB), Carmen Copper is applying for a new environmental compliance certificate (ECC) to integrate all its existing ECCs with its new applications for the proposed upgrading of the Carmen Concentrator (Carcon) facility and modification of its airstrip site waste rock dump (WRD) facility.

The company has estimated the introduction of new facilities in the Carcon Facility and the airstrip site WRD facility to cost P6.34 billion." ….."

Please note that the Company has filed an application for a consolidated Environmental Compliance Certificate (ECC) of its existing ECCs for its Waste Rock Dumpsites (WRD), Biga Tailings and Storage Facilities, amendment for its Airstrip Site WRD modifications, and enhancement of the Carmen Concentrator Facility, with the DENR-Environment Management Bureau. The Company's application for a consolidated ECC is currently being reviewed and processed by DENR-EMB. We will make the necessary disclosure immediately upon receipt of the approval.

Other Relevant Information

n/a

Filed on behalf by:
Name Axel Tumulak
Designation Assistant Corporate Secretary