Almadex Minerals (TSE:DEX) has released an update.
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Almadex Minerals Ltd. has entered into agreements with Almaden Minerals Ltd. to optimize the management and financing of their ongoing international arbitration against Mexico under the CPTPP, with Almaden covering initial costs. Almadex will potentially receive a pro rata portion of any awarded damages, while also extending the maturity of their gold loan with Almaden to 2030 or until legal claim amounts are received. These arrangements give Almadex exposure to potential awards without further financial contributions, akin to their previous royalty arrangement on the Ixtaca project.
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