Almaden Minerals Proactive Steps in Arbitration Process
VANCOUVER, British Columbia — Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF”) has taken significant steps in its ongoing arbitration proceedings against Mexico. This situation stems from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”), aiming to protect the interests of its stakeholders and reinforce the legitimacy of its claims.
Cooperation with Almadex Minerals
In this international arbitration, Almaden is collaborating with Almadex Minerals Ltd. (“Almadex”). Together, they are advocating for their rights and investments, representing both their companies and their respective subsidiaries. Before Mexico's actions led to the forfeiture of their investments, Almaden owned 100% of the Ixtaca precious metals project, a strategically valuable asset in the country. Meanwhile, Almadex held a 2.0% Net Smelter Return (NSR) royalty on this promising project.
Key Developments in the Arbitration Proceedings
In a recent development reported on July 7, 2025, after the submission of their Memorial document, Mexico requested the arbitration panel to consider jurisdictional objections separately—a procedure known as “Bifurcation.” However, the arbitration panel has rejected this request, allowing the case to proceed without unnecessary delays. This decision is pivotal for Almaden and Almadex, as it streamlines the arbitration process and holds Mexico accountable for its actions.
Reaction to Mexico's Bifurcation Request
Almaden and Almadex have expressed confidence in their position, deeming Mexico’s Bifurcation request to be fundamentally flawed. This assertion stems from the belief that the request was a strategy to postpone the substantive merits of the case and evade timely legal accountability. With the Bifurcation request denied, Almaden is optimistic about the arbitration schedule and expects to provide further updates in the upcoming quarter.
Looking Ahead: Expectations and Next Steps
With the arbitration panel's recent decision, Almaden is gearing up for the next phase of the arbitration process. Stakeholders are eager for updates regarding the arbitration calendar, which is anticipated later this year. The Company aims to navigate this process effectively to safeguard its investments and ensure constructive dialogue with Mexican authorities.
Almaden's Commitment to Legal Integrity
Almaden remains dedicated to upholding its rights within the framework provided by the CPTPP. The Company is focused on ensuring that its due process is respected and that the arbitration panel functions as intended without undue interference. The ongoing legal proceedings highlight Almaden's commitment to maintaining the rule of law and seeking justice for its claims.
Communication from the Board of Directors
J. Duane Poliquin, Chair of Almaden Minerals Ltd., reinforces the Company’s strategic approach during this arbitration process in his address to stakeholders. His leadership aims to ensure transparency and timely updates throughout the proceedings.
Almaden's Vision for the Future
As Almaden proceeds with its arbitration claim, the management is hopeful about a resolution that benefits all stakeholders and echoes their long-term vision for sustainable development in the mineral sector. The outcome of this arbitration not only affects Almaden's future but also sets a precedent for similar cases in the region.
Frequently Asked Questions
What is the status of Almaden's arbitration with Mexico?
Almaden recently reported that the arbitration panel has denied Mexico's request for Bifurcation, allowing the case to proceed without delays.
Who are the partners involved in the arbitration proceedings?
Almaden is pursuing the arbitration alongside Almadex Minerals Ltd., representing both companies' interests and their Mexican subsidiaries.
What was the reason for the arbitration claim?
The arbitration claim arises from actions taken by Mexico that resulted in the loss of Almaden's investments in the Ixtaca precious metals project.
When can stakeholders expect updates on the arbitration calendar?
Almaden anticipates providing an update on the arbitration calendar in the fourth quarter of this year.
How does this arbitration impact Almaden's future?
The outcome of the arbitration proceedings is crucial for Almaden, as it substantially influences the Company's investments and overall strategy regarding its assets in Mexico.
