Almaden Minerals (TSE:AMM) has released an update.
Almaden Minerals Ltd. has secured a non-recourse litigation funding agreement for up to $9.5 million to cover the costs of international arbitration against Mexico under the CPTPP due to the disruption of the Ixtaca project. In addition, they have negotiated an extension and management agreement with Almadex Minerals Ltd. regarding a gold loan and the arbitration process. These financial and strategic moves aim to support Almaden’s legal claims and secure potential future damages awards from the arbitration.
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