Panthera Resources Plc (GB:PAT) has released an update.
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Gold exploration and development company Panthera Resources Plc has announced the progression of arbitration proceedings against India, regarding a breach of investment treaty over the Bhukia project. The company’s Australian subsidiary, Indo Gold Pty Ltd, is seeking damages after the Indian government’s actions, including the passage of MMDR2021, which they claim violated the treaty’s terms. Panthera Resources is also buoyed by a non-recourse litigation financing agreement with LCM Funding SG Pty Ltd to support its legal claims.
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