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Almaden Files Memorial Documentation for US$1.06 billion Damages Claim Against Mexico

VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) announces that it has filed its memorial submission (“Memorial”) relating to its international arbitration proceedings (the “Claim”) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”) with the United Mexican States (“Mexico”). The Claim […]



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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