Almaden Minerals obtains provisional injunction related to decision of Economia

Almaden Minerals reports that the Mexican Federal Administrative Court has granted a provisional injunction to Almaden’s Mexican subsidiary, Minera Gorrion, relating to the submission issued by Mexico’s Ministry of the Economy, Economia, to the district court which is overseeing the implementation of the February 2022 decision of Mexico’s Supreme Court requiring indigenous consultations prior to the granting of mineral titles to the Ixtaca project. Economia’s submission to the District Court was made in February 2023 and aims to deny the two mineral title applications to the Ixtaca project which were first made by Almaden in 2002 and 2008, and which in turn led to the grant of mineral titles in 2003 and 2009, respectively. As previously reported, these mineral titles were reduced to application status as a result of the February 2022 decision of the SCJN. Duane Poliquin, Chair of Almaden, stated, “We filed this complaint with the Federal Administrative Court back in March and despite the long delay we are encouraged that we may finally have the opportunity to explain why we believe the Economia Submission is a seriously flawed document.”