Almaden Updates Stakeholders on Permitting for the Ixtaca Project, Mexico
Almaden Minerals, Ltd. Common Shares (AAU)
NASDAQ:AMEX Investor Relations:
almadenminerals.com/investors/stock_info.html
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden" or the "Company"; TSX: AMM; NYSE American: AAU) was today notified by SEMARNAT, Mexico’s environmental authority, that the permitting process for the Ixtaca project has been suspended pending resolution of the mineral title lawsuit reported by the Company on September 10 and April 15, 2019 (the “Lawsuit”). Under the Lawsuit, certain organisations have supported legal challenges against the Government of Mexico and the Mexican mineral title regime using the Company’s mineral claims as a basis for their challenges. The Lawsuit contends that the issuance of Almaden’s original mineral titles violated human rights and did not respect Mexico’s commitment to indigenous consultation under United Nations Instrument ILO 169. Almaden’s original mineral claims, which totalled approximately 14,000 hectares, were granted many years ago in full compliance with Mexican law and in the same manner as all
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