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Almaden Files Memorial Documentation for US$1.06 billion Damages Claim Against Mexico
Almaden Minerals Ltd. and Almadex Minerals Ltd. filed memorial documentation for a US$1.06 billion damages claim against Mexico under the CPTPP, alleging Mexico breached its obligations by blocking the Ixtaca project's development and retroactively terminating mineral concessions. The claim cites unlawful expropriation, unfair treatment, and discrimination. The dispute stems from a lawsuit filed by an ejido community, a subsequent Supreme Court ruling, and the eventual cancellation of Almaden's mineral rights.
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