Almaden Minerals Ltd. and Almadex Minerals Ltd. filed a Memorial in their arbitration against Mexico under the CPTPP, claiming Mexico unlawfully expropriated their Ixtaca project, denied fair treatment, and discriminated against them. The Memorial, now public on ICSID’s website, details Mexico’s actions that led to the loss of their mineral concessions. Mexico’s jurisdictional objections are under review.
Santacruz Silver Mining Ltd. has made a third US$7.5 million payment to Glencore, advancing its plan to exercise the Acceleration Option for the Bolivian assets acquisition. Following a US$10 million initial payment and a second US$7.5 million, the remaining US$15 million of the US$40 million total is due by October 31, 2025, aiming to save US$40 million while maintaining financial discipline.
Questcorp Mining Inc. is advancing surface exploration at the La Union Gold-Silver Project in Sonora, Mexico, to prepare for a 1,500-meter maiden drill program. Operator Riverside Resources completed geophysical surveys and mapping to refine drill targets. The 2,520-ha carbonate replacement deposit shows high-grade gold, silver, and base metals, with potential for significant discoveries.
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