Almaden Provides Corporate Update
Accordingly, on March 14, 2024, Almaden delivered to Mexico written notice of its intention to submit a claim (“Claim”) to arbitration against Mexico (the “Notice”) in accordance with Article 9.19.3 of the CPTPP.
- Accordingly, on March 14, 2024, Almaden delivered to Mexico written notice of its intention to submit a claim (“Claim”) to arbitration against Mexico (the “Notice”) in accordance with Article 9.19.3 of the CPTPP.
- This Notice has been delivered by Almaden together with Almadex Minerals Ltd., on behalf of themselves and their Mexican subsidiaries.
- The damages relating to the Almaden and Almadex Claim will be for no less than US$200 million, in the aggregate.
- Although Almaden has requested consultations with Mexico under the CPTPP, to date Mexico has not proposed a date for these consultations.