Gabriel Resources (TSE:GBU) has released an update.
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Gabriel Resources Ltd. anticipates a pivotal decision from the International Centre for Settlement of Investment Disputes (ICSID) regarding its claim against Romania, expected to be announced on March 8, 2024. The Canadian resource company, focused on the Roșia Montană gold and silver project, is awaiting the final arbitral award which will be made public to the market upon receipt. Gabriel’s ongoing arbitration stems from Romania’s alleged unlawful obstruction of the project’s development, despite the company’s adherence to environmental and legal standards.
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