AbraSilver Resource (ABRA.TO) received approval of the Environmental Impact Assessment from the Government of Catamarca Province for its Diablillos silver-gold project in Argentina, it said after markets closed on Wednesday.
The company said it has secured all principal provincial environmental approvals needed for the project. AbraSilver also said that the legislatures of both Salta and Catamarca provinces approved the inter-provincial cooperation agreement relating to the development of Diablillos.
"With environmental approvals now secured from both Salta and Catamarca provinces, and our Definitive Feasibility Study completed, Diablillos now stands out as the largest fully-permitted construction-ready silver-gold project globally," said AbraSilver Resource CEO John Miniotis.
The company said it is focused on the commencement of early-works and site preparation activities that are expected to begin in the third quarter of 2026, and detailed evaluation of Phase 2 expansion opportunities.
Shares of the company closed down 3.1% to C$13.01 on Wednesday on the Toronto Stock Exchange.