Nuinsco Resources Challenges Egypt Over El Sid Project

Nuinsco Resources (TSE:NWI) has released an update.

Nuinsco Resources Limited has issued a legal Notice of Dispute to the Egyptian Government, alleging harm to its investment in the El Sid gold project due to actions and failures by government agencies. The dispute arises under a Bilateral Investment Treaty with Canada and may lead to international arbitration if not amicably resolved within six months. The company has a history of over 50 years in mineral exploration and development, with interests in various commodities internationally and in Canada.

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