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Almaden Minerals Ltd. (TSX: AMM; OTCQB: AAUAF) is a Canadian-based exploration stage company primarily focused on the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company’s flagship asset is the Ixtaca Project, located in Puebla State, Mexico, which covers approximately 7,200 hectares. Almaden holds a 100% interest in this project, which is primarily targeted for its gold, silver, and copper deposits.
The Ixtaca Gold-Silver Deposit, discovered by Almaden in 2010, hosts proven and probable reserves containing 1.38 million ounces of gold and 85.1 million ounces of silver. A detailed feasibility study is available under the company’s profile on SEDAR and on Almaden’s website. The company is committed to sustainable development and actively engages with local communities to ensure positive social and economic impacts.
Recently, Almaden has faced legal challenges concerning its mineral title applications. The Mexican Supreme Court of Justice has mandated that Mexican authorities conduct consultations with indigenous communities before granting mineral titles. Despite these challenges, Almaden continues to work closely with the Mexican government and local stakeholders to progress the Ixtaca Project. Additionally, Almaden has submitted a Request for Consultations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to resolve investment disputes with Mexico.
Almaden is headquartered in Vancouver, Canada, and maintains an active presence in Mexico through its subsidiary, Minera Gorrión. The company is also listed on the Toronto Stock Exchange and the OTCQB Marketplace in the United States.
Almaden Minerals has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission. The Company's audited financial statements for the years ended December 31, 2023, 2022, and 2021 can be accessed on the Company's website. Shareholders can request a hard copy of the financial statements and Form 20-F free of charge. Contact details are provided for inquiries.
Almaden Minerals Ltd. (AAU) has announced a District Court ruling in Puebla, Mexico, that favors the Ministry of Economy’s (Economia) decision to deny mineral title applications dating back to 2002 and 2008. This ruling impacts the Ixtaca deposit, discovered in 2010, as these titles were previously confirmed in 2003 and 2009. Following a Supreme Court decision in 2022, the mineral titles reverted to application status. Almaden plans to appeal this ruling while maintaining that its mineral title applications remain valid during the appeals process. The Chair of Almaden, Duane Poliquin, expressed alarm at the ruling, insisting on supporting indigenous consultations outlined by the Supreme Court.
The Ixtaca deposit holds a proven and probable reserve of 1.38 million ounces of gold and 85.1 million ounces of silver.
Almaden Minerals Ltd. (NYSE American: AAU) announced that Mexico's Ministry of Economy has submitted to a Puebla court to deny the mineral title applications submitted by the company in 2002 and 2008, which are crucial for the Ixtaca project. These applications reverted to application status due to a Supreme Court ruling in early 2022 mandating indigenous consultations. Almaden plans to challenge this submission legally, asserting that the actions are inconsistent with Mexican mining law. The Ixtaca deposit contains significant reserves, estimated at 1.38 million ounces of gold and 85.1 million ounces of silver.
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