12:27 PM EST - Almaden Minerals Ltd. :
Reported on two recent court decisions, both relating to the submission issued by Mexico’s Ministry of the Economy (“Economia”) to the second district court in Puebla State in February 2023. As reported on February 22, April 13, and September 14, 2023, Economia made the Submission to the District Court seeking to deny the two mineral title applications which were first made by Almaden in 2002 and 2008. The Submission claims that the applications contain technical faults, despite Economia’s previous statements to the contrary and its acceptance of the mineral title applications and grant of the mineral titles in 2003 and 2009. By alleging technical faults in the mineral title applications, Economia appears to be arbitrarily seeking to deny the grant of the mineral titles and avoid the indigenous consultation ordered by the February 2022 decision of Mexico’s Supreme Court (“SCJN”). Such consultation would be welcomed by both the Company and surrounding community members. Almaden Minerals Ltd.
shares T.AMM are trading down $0.01 at $0.18.
