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An update from GreenX Metals Limited ( (AU:GRX) ) is now available.
GreenX Metals Limited announced an update regarding its arbitration claims against Poland under the Australia-Poland Bilateral Investment Treaty and the Energy Charter Treaty. The company was awarded £252 million in compensation and interest, with additional interest accrued since the award. GreenX plans to return the majority of the cash to shareholders upon satisfaction of the award. Poland has challenged the arbitration awards, filing requests to set aside the BIT award in England and Wales and the ECT award in Singapore, citing jurisdictional issues and procedural unfairness. These set-aside motions have a high threshold for success, and GreenX is strongly defending against them.
More about GreenX Metals Limited
GreenX Metals Limited operates in the metals and mining industry, focusing on international arbitration claims and investment treaties.
YTD Price Performance: 11.76%
Average Trading Volume: 23,300
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £102.3M
Find detailed analytics on GRX stock on TipRanks’ Stock Analysis page.
