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Other

Almaden sets arbitration timeline versus Mexico

By The Northwire Desk — AI Analysis Sep 16, 2025 · 17:36 AMM · 0.26 Almaden Minerals Ltd.
AMM · Price

Executive Summary

  • Almaden Minerals Ltd. announced the procedural calendar for its CPTPP arbitration claim against Mexico, with hearings set for December 14‑18 2026 in Washington, D.C.
  • The claim seeks $1.06 billion in damages (subject to adjustment) for alleged expropriation and treaty breaches related to the Ixtaca precious metals project.
  • Litigation is funded by up to US$9.5 million of non‑recourse financing secured in June 2024.

Key Details

  • Arbitration Calendar:
  • Mexico must file its counter‑memorial by Nov 24, 2025.
  • Claimants’ reply due Apr 27, 2026; Mexico’s rejoinder due Aug 5, 2026.

  • Hearings scheduled Dec 14‑18, 2026 (reserve day Dec 19) in Washington, D.C.

  • Claim Background:

  • Almaden owned 100% of the Ixtaca project; Almadex holds a 2.0% NSR royalty.

  • Alleged illegal actions by Mexico resulted in total loss of the investment and termination of mineral concessions.

  • Damages Sought:

  • Independent quantum expert valuation places aggregate damages at US$1.06 billion (subject to future updates for metal prices, FX, interest rates, etc.).

  • Financing:

  • The arbitration is financed by up to US$9.5 million in non‑recourse litigation funding from a leading legal‑finance counterparty (disclosed in the June 27 2024 press release).

  • Legal Basis:

  • Claim filed under the Comprehensive and Progressive Agreement for Trans‑Pacific Partnership (CPTPP) with the United Mexican States.

  • Allegations include unlawful expropriation, denial of fair & equitable treatment, and discrimination against Almaden’s protected investments.

  • Historical Context Highlights:

  • 2015 Ejido lawsuit over indigenous consultation; subsequent title reductions and appeals.
  • 2022 Supreme Court (SCJN) ruling requiring proper indigenous consultation for mineral titles; later administrative actions led to suspension and eventual cancellation of titles.
  • Company’s efforts to negotiate settlement remain ongoing despite continued prosecution of the claim.

Notable Quotes

No direct quotes were provided in the release.

Read the original news release →

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