Almaden Minerals

NEWS RELEASE
March 3, 2025
Trading Symbols:
TSX: AMM; OTCQB: AAUAF
www.almadenminerals.com
Almaden Enters into Agreement to Sell the Rock Creek Mill
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) is
pleased to announce that it has entered into a definitive agreement (the “Agreement”) to sell certain assets comprising the Rock Creek Mill to Metals Exploration PLC (LSE AIM: MTL) (the “Purchaser”) for a purchase price of US$9,700,000 (the “Purchase Price”). The Rock Creek Mill is located in Nome, Alaska.
Closing of the transaction is subject to certain conditions, including completion by the Purchaser of a final inspection, and is expected to occur on or prior to August 31, 2025. The Purchase Price shall be payable in certain instalments as follows:
• US$2,000,000 is due within 14 days of the execution of the Agreement.
• US$3,000,000 shall be paid upon verification of transport scheduling (expected to take place on or around March 31, 2025).
• US$2,000,000 shall be paid following the final inspection (expected to take place on or around April 30,
2025).
• US$2,700,000 shall be paid when the assets are prepared for shipment (expected to take place on or
around August 31, 2025), subject to adjustment based on the final inspection.
15% of the Purchase Price shall by payable as a commission by Almaden to an equipment sales broker.
On behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin
Chair
Almaden Minerals Ltd.

https://www.almadenminerals.com/  

NEWS RELEASE
March 21, 2025
Trading Symbols:
TSX: AMM; OTCQB: AAUAF
www.almadenminerals.com
Almaden Files Memorial Documentation for US$1.06 billion Damages Claim Against
Mexico
Vancouver, B.C. 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 is being prosecuted pursuant to the established and enforceable legal framework of the International Centre for Settlement of Investment Disputes and is financed by up to US$9.5 million in non-recourse litigation funding provided by a leading legal finance counterparty (see June 27, 2024 press release).
As further explained in the Company’s June 27, 2024 press release, Almaden is pursuing this Claim together with Almadex Minerals Ltd. (“Almadex”), on behalf of themselves and their Mexican subsidiaries (the “Claimants”).
Prior to the illegal acts of Mexico which resulted in the complete loss of the investment, Almaden held 100% of the Ixtaca precious metals project in Mexico (the “Project”), while Almadex held a 2.0% NSR royalty on the Project.
The Memorial outlines how Mexico breached its obligations under the CPTPP through actions which blocked the development of the Ixtaca project and ultimately retroactively and arbitrarily terminated the Company’s mineral concessions. Specifically, the Memorial demonstrates how Mexico (i) unlawfully expropriated the Claimants’ protected investments without any compensation; (ii) failed to accord the Claimants’ protected investments fair and equitable treatment; and (iii) unlawfully discriminated against the Claimants and their protected investments.
Based on a valuation by an independent quantum expert, the Claimants are seeking damages of US$1.06 billion, in the aggregate. This number will be further updated as the Claim proceeds, to reflect future movements in precious metal prices, exchange rates, interest rates, and other factors.
The Claimants’ legal counsel for this arbitration are Boies, Schiller, Flexner, LLP, and RíosFerrer + Gutiérrez, S.C.
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https://static1.squarespace.com/static/...2590263517/AMM-03-21-25.pdf