Almaden Minerals Ltd. (TSE:AMM) has released an update.
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Almaden Minerals Ltd. has officially notified Mexico of its intention to seek at least $200 million in damages via arbitration related to the CPTPP, after failed attempts to consult on the issue. The company is also facing delisting from the NYSE American exchange if it cannot demonstrate stock price improvement by April 19, 2024, due to a prolonged period of low share prices. Almaden remains open to an amicable resolution with Mexico while it continues to address its listing compliance challenges.
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