Core Viewpoint - Almaden Minerals Ltd. is engaged in international arbitration against the Mexican government under the CPTPP, claiming damages of US$1.06 billion due to the unlawful expropriation and termination of its mineral concessions related to the Ixtaca precious metals project [1][15]. Group 1: Arbitration Proceedings - A public copy of the Memorial document filed by Almaden regarding its arbitration claim is now available on the ICSID website [1]. - Almaden and Almadex Minerals Ltd. are pursuing the claim on behalf of themselves and their Mexican subsidiaries, asserting that Mexico's actions led to the complete loss of their investment in the Ixtaca project [2]. - The Memorial outlines Mexico's breach of obligations under the CPTPP, including unlawful expropriation without compensation, failure to provide fair treatment, and discrimination against the Claimants [3]. Group 2: Mexico's Response - Mexico has requested the arbitration panel to establish a separate phase to consider jurisdictional objections, arguing that the Claimants lack standing due to specific bylaws of their Mexican subsidiaries [4]. - Almaden considers Mexico's bifurcation request to be flawed and an attempt to delay the proceedings [5]. Group 3: Background of the Claim - The claim is rooted in a lawsuit filed by an ejido community against Mexico, challenging the constitutionality of the mineral title system due to lack of Indigenous consultation [6]. - The ejido community is located outside the Project's area of influence, and Almaden attempted to address their concerns by relinquishing part of its mineral title [7][8]. - The AMLO regime, which came to power in 2018, is noted for its hostility towards foreign mining companies [9]. Group 4: Legal Developments - In 2022, Mexico's Supreme Court ruled that the mineral titles issued to the Claimants were improperly granted without Indigenous consultation, leading to the suspension of these titles [10][11]. - Despite efforts to comply with the court's ruling, the Company faced further obstacles, including a denial of access to the relevant authorities [12][13]. - Ultimately, the mineral rights were cancelled, and Indigenous consultation did not occur, resulting in significant harm to the Claimants [14][15]. Group 5: Damages and Legal Representation - The Claimants are seeking damages of US$1.06 billion, which may be updated based on future market conditions [15]. - Legal counsel for the arbitration includes Boies, Schiller, Flexner, LLP, and RíosFerrer + Gutiérrez, S.C. [16].

Core Insights - Almadex Minerals Ltd. has initiated diamond drilling operations at its Paradise Project in Nevada, focusing on both near-surface gold and deep porphyry potential, with plans for 3 to 4 drill holes [1] - The company has previously conducted extensive mapping and drilling, confirming the presence of porphyry veining in 2024, and has recently employed advanced techniques such as drone-based magnetics and ground IP surveys to further explore the lithocap alteration zone [1][2] - The Paradise property encompasses 1,547 hectares of hydrothermally altered volcanic rocks, indicating potential for high-sulphidation gold and porphyry-related mineralization [3] Company Overview - Almadex Minerals Ltd. is an exploration company with a diverse mineral portfolio across Canada, the U.S., and Mexico, resulting from years of prospecting and strategic deal-making [7] - The company possesses portable diamond drill rigs, allowing for cost-effective in-house exploration drilling [7] Technical Details - The drilling program is based on previous geological work, including mapping and geochemical analysis, which helps in identifying potential underlying porphyry systems [2][3] - The geophysical surveys conducted include IP lines surveyed by an experienced in-house team and a magnetics survey performed by a third-party contractor, utilizing advanced equipment for data collection [5]

Core Viewpoint - Almadex Minerals Ltd. has acquired a 100% interest in the Ruby Hill early-stage exploration project in central Nevada, identified through its regional exploration program in the western USA [1] Group 1: Project Details - The Ruby Hill project features significant areas of argillic alteration and silicification within rhyolite volcanics, with historic mine workings indicating previous exploration efforts [2] - Preliminary sampling results are promising, with 12 out of 59 grab rock samples returning over 25 g/t silver, and 7 samples exceeding 100 g/t silver, with a maximum of 992 g/t silver and an average of 45 g/t silver [2] - Gold values are also notable, with 17 samples returning over 0.1 g/t gold, peaking at 0.94 g/t gold and averaging 0.10 g/t gold across all samples [2] Group 2: Geophysical Survey and Future Plans - A geophysical survey identified a significant chargeability anomaly, interpreted as a potential zone of alteration and sulphide development extending to depth [3] - The company plans follow-up prospecting, sampling, and geological mapping to target future drilling efforts based on the high IP chargeability area [3][4] Group 3: Company Overview - Almadex Minerals Ltd. holds a diverse mineral portfolio across Canada, the U.S., and Mexico, supported by in-house exploration capabilities and drilling equipment [8] - The company emphasizes its experience in porphyry lithocap exploration and aims to advance its projects in 2025, expecting it to be a significant year for growth [4][8]

Company Overview - Almadex Minerals Ltd. has acquired the area covering most of the historic Petaca District in northern New Mexico through staking, as part of its regional exploration program focused on copper-gold potential [1] - The company holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico, and has significant experience in porphyry lithocap exploration [6] Exploration Focus - The Petaca District has a history of mica production and contains rare earth element (REE) bearing minerals, which were occasionally recovered as by-products of mica mining [2] - Almadex's exploration program prioritizes porphyry lithocaps and epithermal precious metal systems, although REE projects are not the company's core focus [4][5] Technical Insights - The pegmatites in the Petaca District exhibit various forms and have been noted for their elevated REE concentrations, primarily reflecting the mineral samarskite [2] - A microprobe study confirmed the presence of several minerals, including Samarskite-(Y) and polycrase-(Y), indicating a high level of niobium (Nb) and yttrium (Y) in accessory minerals [3] Future Plans - The company intends to seek a joint venture partner with expertise in REE mineral systems to explore the Petaca District [4][5] - Almadex plans to advance and test its lithocap targets in 2025, leveraging its in-house exploration capacity and drilling units [6]

Core Viewpoint - Almaden Minerals Ltd. has announced the early repayment of an outstanding gold loan to Almadex Minerals Ltd. through the delivery of gold bullion, following the sale of its Rock Creek mill [1][2]. Group 1: Loan Details - The outstanding loan balance, including accrued interest and standby fees, is USD$5,194,354 [2]. - Almaden will repay the loan by delivering gold bullion of 99.99% purity, with the amount determined by the prevailing gold price on the business day before the settlement date [2]. - In addition to the borrowed gold, Almaden will return 397 ounces of undrawn gold bullion [2]. Group 2: Security and Financial Position - The loan is secured by a first lien on certain equipment related to the Rock Creek mill [3]. - Upon repayment, the security interest will be fully released and Almaden estimates a cash position of approximately CAD$6.5 million [3].

Core Viewpoint - Almadex Minerals Ltd. announces the early repayment of a gold loan by Almaden Minerals Ltd., which will be settled through the delivery of gold bullion [1][2]. Group 1: Loan Details - The outstanding loan balance, including accrued interest and standby fees, is determined to be USD$5,194,354 [2]. - Almaden will repay the loan amount by delivering gold bullion of 99.99% purity, with the amount based on the prevailing gold price on the business day prior to the settlement date [2]. - The repayment is contingent upon Almaden receiving the final payment from the sale of its Rock Creek mill to Metals Exploration PLC, expected on or before August 31, 2025 [2]. Group 2: Security and Release - The loan amount is secured by a first lien on certain equipment related to the Rock Creek mill [3]. - Upon repayment, the security interest will be fully released and discharged [3]. Group 3: Company Overview - Almadex Minerals Ltd. is an exploration company with a large mineral portfolio in Canada, the U.S., and Mexico, resulting from extensive prospecting and deal-making [4]. - The company owns portable diamond drill rigs, allowing for cost-effective exploration drilling [4].

Core Viewpoint - Azucar Minerals Ltd. has entered into an Option-Joint venture exploration agreement with Almadex Minerals Ltd. to acquire a 60% interest in three mineral projects in Nevada, namely Pilot, Confusion Hills, and Red Ring [1][9]. Cash Payments - Azucar is required to make cash payments totaling $100,000 USD upon acceptance by the TSX Venture Exchange and minority shareholder approval, followed by $300,000 USD for each project upon completion of exploration requirements [2]. Work Commitments - The company must complete at least 2,000 meters of drilling across the projects within 18 months and at least 3,000 meters on the specific project chosen for the option within five years [3]. Additional Payments - Upon completion of at least 15,000 meters of drilling on a specific project, Azucar will make an additional cash payment of $750,000 USD to Almadex [4]. Pilot Mountain Project - The Pilot project features hydrothermal alteration in sedimentary rocks and has shown promising geological mapping and soil sampling results indicating potential porphyry mineralization [5]. A drill permit has been approved, and Azucar plans to develop drilling plans for 2025 [5]. Confusion Hills Project - The Confusion Hills project has shown encouraging preliminary results from grab rock samples, with some samples returning gold grades up to 7.1 g/t [6]. The project area has been mapped to define a high sulphidation/porphyry lithocap, and a drill permit has also been approved [6][7]. Red Ring Project - The Red Ring prospect has identified a significant alteration zone interpreted as a porphyry lithocap, with preliminary rock sampling indicating high values of pathfinder trace elements [8]. Azucar plans further sampling and geophysical studies in 2025 [8]. Management and Board Approval - The management and Board members of both Azucar and Almadex have unanimously approved the option agreement, with independent directors abstaining due to their interests [9][10]. Related Party Transaction - Almadex holds a 19% interest in Azucar, making the option agreement a related party transaction, which requires disinterested shareholder approval [10]. The company plans to seek this approval at its upcoming Annual General and Special meeting on June 26, 2025 [10]. Regulatory Compliance - The option agreement is subject to acceptance by the TSX Venture Exchange, and a material change report will be filed within 10 days of the announcement [11][12].

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it has signed an Option-Joint venture exploration agreement (the “Option”) with Azucar Minerals Ltd. (“Azucar”) whereby Azucar has the option to acquire a 60% interest in three of Almadex’s wholly owned blocks of claims in Nevada, the Pilot, Confusion Hills and Red Ring prospects more fully described below (the “Projects”). The Pilot project also include ...

New Hope Project - Geology Map New Hope Project - Geology Map New Hope Project - Inverted IP Chargeability Section New Hope Project - Inverted IP Chargeability Section VANCOUVER, British Columbia, April 23, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to provide a summary of recent exploration results from the Company’s wholly owned New Hope copper porphyry project in Arizona. A focussed one line IP chargeability and resistivity survey was rec ...

Core Insights - Almadex Minerals Ltd. has announced positive results from surface exploration at its Confusion Hills and Red Ring projects, which are focused on gold-silver early-stage exploration targets near Tonopah, Nevada [2][5] Confusion Hills Project - The Confusion Hills project has identified a high sulphidation/porphyry lithocap over an area of 1.6 km x 0.5 km, with preliminary rock sampling showing 6 samples returning over 0.1 g/t gold, including 3 samples exceeding 0.5 g/t gold, with a maximum of 7.1 g/t gold [3] - A two-line test IP geophysical survey revealed a high chargeability feature interpreted to indicate sulphide development beneath the quartz alunite alteration area, which correlates with high gold values in surface grab samples [3] - The company holds a drill permit and plans to initiate first-pass drilling in 2025 [3] Red Ring Project - The Red Ring project has identified a large alteration zone interpreted as a porphyry lithocap extending 2.8 km NW-SE and at least 1 km NE-SW, with a strong surface pyrophyllite footprint of 1 km by 0.5 km [4] - Preliminary rock sampling returned high values of pathfinder trace elements associated with lithocap alteration, and soil sampling indicated areas of anomalous trace elements suggestive of a high sulphidation environment [4] - Further geological fieldwork, mapping, and sampling are planned for 2025 to better define the alteration zone [4] Company Overview - Almadex Minerals Ltd. is an exploration company with a diverse mineral portfolio in Canada, the U.S., and Mexico, supported by in-house exploration capabilities and a team experienced in porphyry lithocap exploration [8] - The company has the resources to conduct cost-effective first-pass exploration drilling and aims to advance its projects, including Confusion Hills and Red Ring, in 2025 [8]