Almadex Minerals (TSE:DEX) has released an update.
Almadex Minerals Ltd. has issued a formal notice of intent to initiate arbitration against Mexico, seeking damages of no less than $200 million related to its 2.0% NSR royalty on the Ixtaca project. The action follows Mexico’s lack of response to a prior consultation request under the CPTPP. The company remains open to an amicable resolution before proceeding with arbitration.
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