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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].