Toachi Mining Inc. was created from the restructuring of Ferrum Americas Mining Inc. when the opportunity to invest in the La Plata project was identified. Following an extensive period of technical and legal due diligence and negotiations with the project owner, the La Plata project was announced in November, 2015. Toachi Mining Inc. began trading on the Toronto Stock Exchange -Venture on March 14, 2016 under the symbol TIM.
Our company’s name comes from the Toachi River, which flows through jagged valleys and canyons on its route to the Pacific Ocean. Starting in the Andean foothills, the Toachi winds its way to the coast and in its path and along its banks leaves its mark on the local communities, providing water and immense power for hydro plants and clean energy in Ecuador.
Our La Plata project is located approximately 15 kilometres from the Toachi River which can be seen on the drive to Quito.