Welcome to our dedicated page for Almaden Minerals Ltd. news (Ticker: AAU), a resource for investors and traders seeking the latest updates and insights on Almaden Minerals Ltd. stock.
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 Ltd. (AAU) has signed a cooperation agreement with Ejido Santa María Zotoltepec, enhancing its social management plan for the Ixtaca project in Puebla, Mexico. This agreement follows a similar one made in 2022 and aims to support sustainable agriculture and soil enrichment practices. The agreement solidifies community relations and commits to addressing various UN Sustainable Development Goals. Almaden's Ixtaca project holds significant mineral reserves, including 1.38 million ounces of gold and 85.1 million ounces of silver, underscoring its potential profitability and community benefits.
Almaden Minerals Ltd. (NYSE American: AAU) has signed two new agreements with not-for-profit organizations in Zacatepec and Santa María Zotoltepec, Mexico, focusing on improving local water infrastructure and supporting sustainable agricultural practices. The agreements aim to enhance water rights and support local communities' needs, particularly concerning the Ixtaca project. Key achievements from the previous agreement include up to 50% water savings and improved crop yields. The company emphasizes its commitment to the UN Sustainable Development Goals and ongoing collaboration with local communities.
Almaden Minerals Ltd. (NYSE American: AAU) has announced that its Ixtaca project will participate in a United Nations pilot initiative aimed at enhancing resource management in coordination with Mexico's Ministry of Economy. The project, initiated following Almaden's interest in 2021, will leverage UN standards to align with Sustainable Development Goals. The Ixtaca project boasts proven reserves of 1.38 million ounces of gold and 85.1 million ounces of silver. This partnership is expected to improve standards in sustainable resource management and encourage stakeholder engagement.
Almaden Minerals Ltd. (AAU) successfully conducted its Annual General Meeting on June 28, 2022. Shareholders approved all submitted resolutions, including the election of directors with significant support. Key voting results showed Duane Poliquin received 97.34% approval, while Elaine Ellingham garnered 85.13%. A total of 55,182,598 shares were represented, indicating strong shareholder engagement. Additionally, Davidson & Company LLP was appointed as the company's auditors. Almaden owns 100% of the Ixtaca project in Mexico, which hosts 1.38 million ounces of gold and 85.1 million ounces of silver.
Almaden Minerals Ltd. (NYSE American: AAU) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. Securities and Exchange Commission. The report includes audited consolidated financial statements for the years 2021, 2020, and 2019, which are accessible on the company's website. Almaden holds full ownership of the Ixtaca project in Mexico, which contains a gold-silver deposit discovered in 2010. Shareholders can request hard copies of financial statements at no charge.
Almaden Minerals Ltd. (NYSE American: AAU) announced that the Supreme Court of Justice of Mexico has published its final decision concerning a mineral claim lawsuit. Although the company awaits formal notification, the decision enhances the application of international law regarding consultations with indigenous communities. The ruling protects Almaden's mineral rights at the Ixtaca project while consultations occur. The company plans to engage with Mexican officials to facilitate the issuance of mineral titles, but no timeline for the consultation process has been established.
Almaden Minerals Ltd. (NYSE American: AAU) announced that the Supreme Court of Justice of Mexico determined the country's mineral title law is constitutional but mandates a consultation with indigenous communities before issuing mineral titles. This decision stems from a lawsuit claiming the lack of consultation violates rights. The court's draft decision suggests that Almaden's mineral titles should be invalidated until such consultations occur. The company plans to engage with government and community officials to assess the impact of this ruling on its mineral claims.
Almaden Minerals Ltd. (AAU) reflects on its 2021 achievements and outlines ambitions for 2022, particularly relating to the Ixtaca project. Chairman Duane Poliquin emphasized the completion of environmental permit submissions aligned with strict local standards. The company aims to finalize the permit application by H1 2022, alongside a Human Rights Impact Assessment. A lawsuit regarding mineral title remains pending in Mexico's Supreme Court, with a ruling anticipated in H2 2022. Almaden has resumed community engagement, showcasing local support for project development.
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