Almaden Comments on Media Reports
January 12 2021 - 4:21PM
Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX:
AMM; NYSE American: AAU) understands that certain media
have reported that Mexico’s Supreme Court will soon make a ruling
on the constitutionality of the Mexico’s mining code, stemming from
a complaint brought in relation to the Company’s mineral claims in
Ixtacamaxtitlán, Puebla State, Mexico.
The Company wishes to confirm that the case
pertaining to its Ixtaca mineral claims is not being heard at the
Supreme Court level and therefore this reported ruling cannot
relate to the Company’s Ixtaca project. The Company is aware that
other mineral claims in Puebla State unrelated to the Company’s
Ixtaca project are the subject of one or more complaints at the
Supreme Court level, but the Company has no first-hand knowledge of
the status of these cases.
About Almaden
Almaden Minerals Ltd. owns 100% of the Ixtaca
project in Puebla State, Mexico, subject to a 2.0% NSR royalty held
by Almadex Minerals Ltd. The Ixtaca Gold-Silver Deposit was
discovered by Almaden in 2010.
On Behalf of the Board of Directors,
“J. Duane Poliquin” J. Duane
PoliquinChairmanAlmaden Minerals Ltd.
Forward Looking Statements
Certain of the statements and information in
this news release constitute “forward-looking statements” within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and “forward-looking information” within the
meaning of applicable Canadian provincial securities laws. All
statements, other than statements of historical fact, are
forward-looking statements or information. Forward-looking
statements or information in this news release relate to, among
other things: SEMARNAT’s notification stating that the Company’s
MIA in respect of the Ixtaca project has not received approval; the
reasons for SEMARNAT’s decision; and alternative available to the
Company in respect of SEMARNAT’s decision.
These forward-looking statements and information
reflect the Company’s current views with respect to future events
and are necessarily based upon a number of assumptions, including
assumptions in respect of litigation involving the
constitutionality of the Mexico’s mining code and the status of
mineral tenure to the Company’s Ixtaca Project. While these
views are considered reasonable by the Company, they are inherently
subject to significant legal, regulatory, business, operational and
economic uncertainties and contingencies, and such uncertainty
generally increases with longer-term forecasts and outlook. These
assumptions include: stability and predictability in Mexico’s
mineral tenure, mining, agrarian and environmental laws and
regulations, as well as their application and judicial decisions
thereon; continued respect for the rule of law in Mexico; prices
for gold, silver and base metals remaining as estimated; currency
exchange rates remaining as estimated; availability of funds;
capital, decommissioning and reclamation estimates; mineral reserve
and resource estimates; prices for energy inputs, labour,
materials, supplies and services (including transportation); no
labour-related disruptions; all necessary permits, licenses and
regulatory approvals being received in a timely manner; the ability
to secure and maintain title and ownership to properties and the
surface rights necessary for operations; community support in the
Ixtaca Project; and the ability to comply with environmental,
health and safety laws. The foregoing list of assumptions is not
exhaustive.
The Company cautions the reader that
forward-looking statements and information involve known and
unknown risks, uncertainties and other factors that may cause
actual results and developments to differ materially from those
expressed or implied by such forward-looking statements or
information contained in this news release. Such risks
and other factors include, among others, risks related to:
political risk in Mexico; certainty of mineral title and the
outcome of litigation; crime and violence in Mexico;
corruption; environmental risks, including environmental matters
under Mexican laws and regulations; impact of environmental impact
assessment requirements on the Company’s planned exploration and
development activities on the Ixtaca Project; community relations;
governmental regulations and the ability to obtain necessary
licences and permits; risks related to mineral properties being
subject to prior unregistered agreements, transfers or claims and
other defects in title; changes in mining, environmental or
agrarian laws and regulations and changes in the application of
standards pursuant to existing laws and regulations which may
increase costs of doing business and restrict operations; as well
as those factors discussed the section entitled "Risk Factors" in
Almaden's Annual Information Form and Almaden's latest Form 20-F on
file with the United States Securities and Exchange Commission in
Washington, D.C. Although the Company has attempted to identify
important factors that could affect the Company and may cause
actual actions, events or results to differ materially from those
described in forward-looking statements or information, there may
be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
our forward-looking statements or information will prove to be
accurate. Accordingly, readers should not place undue reliance on
forward-looking statements or information. Except as required by
law, the Company does not assume any obligation to release publicly
any revisions to on forward-looking statements or information
contained in this news release to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
Contact Information:
Almaden Minerals
Ltd.
Tel. 604.689.7644 Email:
info@almadenminerals.comhttp://www.almadenminerals.com/
Almaden Minerals (AMEX:AAU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Almaden Minerals (AMEX:AAU)
Historical Stock Chart
From Sep 2023 to Sep 2024