Gabriel Resources Ltd. Confronts Tribunal Loss

Gabriel Resources (TSE:GBU) has released an update.

Gabriel Resources Ltd. faces a setback as the World Bank’s ICSID tribunal dismisses its claims against the Romanian Government concerning the Roșia Montană project, with a ruling to pay Romania $10 million in legal costs. Despite a strong dissent from one arbitrator, the company is considering challenging the decision, reflecting a deep disagreement with the tribunal’s majority and the ongoing support from shareholders and team members.

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