Workflow
Legal stability for mining projects
icon
Search documents
Peruvian Supreme Court Mandates Full Company Ownership of Disputed Claims
Globenewswire· 2025-12-03 21:35
Core Viewpoint - American Lithium Corp. has achieved a significant legal victory regarding its mining concessions in Peru, which enhances the company's operational stability and paves the way for advancing its critical minerals projects [1][2][5]. Legal Developments - The Sixth Permanent Court of Lima issued Resolution No. 24, consolidating the legal security of 32 mining concessions held by Macusani Yellowcake S.A.C., a subsidiary of American Lithium [1][2]. - The court's final judgment restores the validity and ownership of these concessions, following the dismissal of appeals by co-defendants INGEMMET and the Ministry of Energy and Mines [2][4]. Compliance and Enforcement - INGEMMET is mandated to issue a new administrative resolution reflecting the court's judgment within 30 days, with penalties for non-compliance [3]. - The court requires INGEMMET to identify the official responsible for compliance, holding the highest institutional authority accountable for any failure to act [3]. Project Implications - The ruling provides a framework of full legal stability for the Falchani and Macusani projects, essential for current and future investments [4][5]. - With the restoration of concession titles, the company can proceed with technical work, permitting processes, and strategic development across its critical minerals assets [5]. Company Overview - American Lithium is focused on developing two major lithium projects and the largest undeveloped uranium project in Latin America, including the TLC claystone lithium project in Nevada and the Falchani hard-rock lithium project in Peru [6]. - The company has completed preliminary economic assessments for all projects, indicating significant expansion potential and strong community support [6].