Almaden Minerals (TSE:AMM) has released an update.
Almaden Minerals Ltd. has secured a non-recourse litigation financing deal worth up to $9.5 million to support its international arbitration claims against Mexico, related to the Ixtaca project. The company has extended the maturity of its gold loan with Almadex Minerals Ltd. until March 2030 and has streamlined its arbitration management to optimize costs and efficiency. The financing underlines the confidence in Almaden’s legal position, as it seeks damages for Mexico’s actions that impacted the development of its mineral concessions.
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