MacroAsia Corporation (MAC) announced that its wholly owned subsidiary, MacroAsia Mining Corporation (MMC), has received approval for the Declaration of Mining Project Feasibility (DMPF) for the Infanta Nickel Project. The approval was issued by the Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR).
The DMPF approval authorizes MMC and its operator, Calmia Nickel, Inc., to proceed with the development and operational phases of the Infanta Nickel Project, which is covered under Mineral Production Sharing Agreement (MPSA) No. 220‑2005‑IVB.
Located in the Municipality of Brooke’s Point, Province of Palawan, the project involves the extraction and commercial disposition of nickel and associated mineral deposits within the MPSA area. Development activities will move forward subject to full compliance with the conditions outlined in the MGB‑DENR approval.
“This milestone marks a significant step in advancing our mining portfolio and reinforces our commitment to responsible mineral development,” said Rhodél C. Esteban, Chief Compliance Officer and Chief Sustainability Officer of MacroAsia Corporation. “We remain focused on ensuring that all project activities adhere to regulatory requirements and sustainability standards.”
MacroAsia issued this announcement in accordance with the disclosure requirements of the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE).
