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Lupaka Gold ( (TSE:LPK) ) has issued an announcement.
Lupaka Gold has moved to enforce its favorable ICSID arbitration award against the Republic of Peru by filing an enforcement action in the U.S. District Court for the District of Columbia, with similar actions planned in other jurisdictions. The company expects U.S. courts to recognize the award’s authenticity under the ICSID Convention, enabling it to begin attaching Peruvian assets in the United States as Peru continues to delay payment.
The unpaid award, which stems from a claim launched in 2019 under the Canada-Peru Free Trade Agreement and confirmed in June 2025, has grown to about US$68.6 million due to interest accruing at UST plus 5% compounded annually. Lupaka’s CEO warned that Peru’s refusal to honor the final award, after letting the annulment deadline pass without challenge, could damage its reputation as a welcoming mining jurisdiction and may influence future investment decisions in the country.
More about Lupaka Gold
Lupaka Gold Corp. is a Canadian-based mining company focused on creating shareholder value through the identification and development of mining assets. The company operates in the gold and broader mining sector, targeting opportunities that can attract international investment and capitalize on its project portfolio and legal claims.
Average Trading Volume: 18,398
Technical Sentiment Signal: Buy
Current Market Cap: C$10.29M
For an in-depth examination of LPK stock, go to TipRanks’ Overview page.