Excellon Announces Receipt of Statement of Claim
Excellon Resources (TSX: EXN) has been named as defendant in a new legal action filed in the Ontario Superior Court of Justice by Javier Martinez Lomas. The lawsuit, seeking approximately US$23 million in damages, relates to prior litigation involving a former indirect Mexican subsidiary of Excellon.
The claim stems from a previous dispute in Mexico that was fully litigated in Mexican courts, where due process was followed and the matter was believed to be resolved. Excellon characterizes the new lawsuit as an opportunistic attempt to relitigate the previously addressed dispute and maintains that the claims are without merit. The company states it will take all appropriate steps to defend against the action and seek dismissal of the claim.
Excellon Resources (TSX: EXN) è stata citata come imputata in una nuova azione legale intentata presso la Corte Superiore di Giustizia dell'Ontario da Javier Martinez Lomas. La causa, che richiede circa 23 milioni di dollari USA di risarcimento, riguarda una controversia precedente legata a una ex controllata indiretta messicana di Excellon.
La richiesta deriva da una disputa precedente in Messico, già completamente giudicata nei tribunali messicani, dove è stato rispettato il giusto processo e la questione si riteneva risolta. Excellon definisce la nuova causa come un tentativo opportunistico di riaprire una controversia già affrontata e sostiene che le pretese siano infondate. La società dichiara che adotterà tutte le misure necessarie per difendersi dall’azione e per ottenere l’archiviazione della richiesta.
Excellon Resources (TSX: EXN) ha sido nombrada como demandada en una nueva acción legal presentada en la Corte Superior de Justicia de Ontario por Javier Martinez Lomas. La demanda, que busca aproximadamente 23 millones de dólares estadounidenses en daños, está relacionada con litigios previos que involucran a una antigua subsidiaria indirecta mexicana de Excellon.
La reclamación surge de una disputa anterior en México que fue completamente juzgada en tribunales mexicanos, donde se respetó el debido proceso y se consideró que el asunto estaba resuelto. Excellon califica la nueva demanda como un intento oportunista de reabrir la disputa ya resuelta y sostiene que las reclamaciones carecen de fundamento. La compañía afirma que tomará todas las medidas adecuadas para defenderse y buscar la desestimación de la demanda.
Excellon Resources (TSX: EXN)는 Javier Martinez Lomas가 온타리오 고등법원에 제기한 새로운 소송의 피고로 지명되었습니다. 이 소송은 약 2,300만 미국 달러의 손해배상을 청구하며, Excellon의 이전 멕시코 간접 자회사와 관련된 이전 소송에서 비롯된 것입니다.
이 청구는 멕시코 법원에서 완전히 심리된 이전 분쟁에서 비롯된 것으로, 적법한 절차가 준수되었으며 문제가 해결된 것으로 간주되었습니다. Excellon은 이번 소송을 이미 해결된 분쟁을 다시 다루려는 기회주의적 시도로 규정하며, 청구가 근거 없다고 주장합니다. 회사는 소송에 대응하기 위해 모든 적절한 조치를 취하고 청구 기각을 요청할 것이라고 밝혔습니다.
Excellon Resources (TSX : EXN) a été désignée comme défenderesse dans une nouvelle action en justice déposée devant la Cour supérieure de justice de l’Ontario par Javier Martinez Lomas. Le procès, visant environ 23 millions de dollars US de dommages-intérêts, concerne un litige antérieur impliquant une ancienne filiale indirecte mexicaine d’Excellon.
Cette réclamation découle d’un différend précédent au Mexique qui a été entièrement jugé par les tribunaux mexicains, où la procédure régulière a été respectée et l’affaire considérée comme réglée. Excellon qualifie cette nouvelle action de tentative opportuniste de rouvrir un litige déjà traité et affirme que les prétentions sont sans fondement. La société déclare qu’elle prendra toutes les mesures appropriées pour se défendre et demander le rejet de la demande.
Excellon Resources (TSX: EXN) wurde in einer neuen Klage, die von Javier Martinez Lomas beim Ontario Superior Court of Justice eingereicht wurde, als Beklagter benannt. Die Klage, die etwa 23 Millionen US-Dollar Schadensersatz fordert, bezieht sich auf frühere Rechtsstreitigkeiten mit einer ehemaligen indirekten mexikanischen Tochtergesellschaft von Excellon.
Der Anspruch resultiert aus einem früheren Streit in Mexiko, der vollständig vor mexikanischen Gerichten verhandelt wurde, wo das ordnungsgemäße Verfahren eingehalten wurde und die Angelegenheit als erledigt galt. Excellon bezeichnet die neue Klage als opportunistischen Versuch, den bereits geklärten Streit erneut zu verhandeln, und hält die Forderungen für unbegründet. Das Unternehmen erklärt, alle geeigneten Maßnahmen zu ergreifen, um sich gegen die Klage zu verteidigen und eine Abweisung der Forderung zu erreichen.
- Company confident in legal position as similar dispute was previously resolved in Mexican courts
- Company faces new US$23 million lawsuit in Ontario Superior Court
- Legal proceedings may result in additional costs and management attention
- Potential financial liability if lawsuit is successful
Toronto, Ontario--(Newsfile Corp. - April 21, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") announces that it has received a statement of claim in which it has been named as a defendant in an action commenced by Javier Martinez Lomas in the Ontario Superior Court of Justice, related to prior litigation against a former indirect Mexican subsidiary of Excellon (link to Excellon news release from April 2023). The plaintiff is seeking, among other things, damages in the amount of approximately US
About Excellon
Excellon's vision is to realize opportunities through the acquisition of advanced development or producing assets with further potential to gain from an experienced management team for the benefit of our employees, communities and shareholders. Excellon is in the process of acquiring the past-producing Mallay Silver Mine and Tres Cerros Gold-Silver Exploration Project in Peru. The Company is also advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho; and Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and little modern exploration.
For Further Information, Please Contact:
Excellon Resources Inc.
Shawn Howarth, President & Chief Executive Officer
info@excellonresources.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
All statements, other than statements of historical fact, contained, referenced or incorporated by reference in this news release constitute "forward-looking statements" and "forward looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as: "actively", "advance", "anticipated", "assess", "believe", "cause", "commence", "completion", "conditions", "consideration", "continues", "development", "due course", "expectation", "exploration", "extend", "extension", "flexibility", "focused", "forward", "further", "future", "if", "implement", "liquidity", "looking", "maturity", "may", "negotiations", "occur", "opportunities", "options", "outcome", "outstanding", "potential", "providing", "reach", "restructuring", "risk", "subject to", "to be", "update", "vision", "waive", "when", "will", and "would", or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, to, will, would (or not) be achieved, occur, provide, result, complete or support in the future or which, by their nature, refer to future events. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect. Forward-looking statements include statements regarding the defence of the Claim and the results thereof; and the Company's objectives, goals and future plans and strategies. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct, and any forward-looking statements by the Company are not guarantees of future actions, results or performance. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, the ability of the Company to successfully defend the Claim, the "Risk Factors" in the Company's annual information form dated March 31, 2025 (the "2025 AIF"), and the risks, uncertainties, contingencies and other factors identified in the Company's Management's Discussion and Analysis, and accompanying financial statements, for the year ended December 31, 2024, and the Company's other applicable public disclosure (collectively, "Company Disclosure"). The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company's business, financial condition and prospects that is provided in the 2025 AIF and the other Company Disclosure. The forward-looking statements referenced or contained in this news release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the other Company Disclosure. Forward-looking statements contained herein are made as of the date of this news release (or as otherwise expressly specified) and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249136
FAQ
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