All of the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular were approved by the requisite majority of votes cast at the AGM. As noted previously, Almaden’s current focus at Ixtaca relates to permitting and project financing activities.
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NYSE American: AAU) is pleased to announce the appointment of Dr. John Thomas to the position of Vice President, Project Development. In this role as an officer of the Company, and contingent upon permitting and project financing, Mr. Thomas will be responsible for pre-development engineering and construction of the Ixtaca Project.
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Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) is pleased to announce that it has partnered with a local community group focused on irrigation development, and together with them coordinated with the Federal Government water authority (“CONAGUA”), to co-fund a new water reservoir in Zacatepec, a community located nearby the proposed Ixtaca mine development area. This reservoir is one of the projects identified which could bring immediate benefits to the local area even prior to Ixtaca development, and together with our partners we have now completed the first stage. Zacatepec is located within the social area of influence of the Ixtaca project, and has a population of approximately 240 people.
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Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) announces that the Mexican federal government has mandated that all non-essential businesses, including mining and exploration, temporarily suspend operations until April 30 due to the COVID-19 virus (the “Decree”). As Almaden is pursuing permitting of the Ixtaca project, it has not had an ongoing technical program at the project. Almaden will continue to follow government health protocols and implement additional protocols as may be necessary for the protection of its workforce and local communities, and as contemplated in the Decree will only engage in activities whose suspension may have irreversible effects for the continuance of Almaden’s business.
Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) is pleased to announce a proposed non-brokered private placement financing (the "Offering") of up to 4,900,000 units, which may be increased, (the “Units”) at a price of $0.41 per Unit. Each Unit will consist of one common share of the Company and one non-transferable common share purchase warrant, each whole share purchase warrant (a "Warrant") entitling the holder to purchase one common share of the Company at a price of $0.65 per share for 3 years following the closing of the Offering.
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As a result of a review by the British Columbia Securities Commission, Almaden Minerals Ltd. (“Almaden” or the “Company”; TSX: AMM; NYSE American: AAU) is clarifying its disclosure regarding its mineral claims to the Ixtaca Project.
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Almaden Minerals Ltd. (“Almaden" or the "Company"; TSX: AMM; NYSE American: AAU) was today notified by SEMARNAT, Mexico’s environmental authority, that the permitting process for the Ixtaca project has been suspended pending resolution of the mineral title lawsuit reported by the Company on September 10 and April 15, 2019 (the “Lawsuit”). Under the Lawsuit, certain organisations have supported legal challenges against the Government of Mexico and the Mexican mineral title regime using the Company’s mineral claims as a basis for their challenges. The Lawsuit contends that the issuance of Almaden’s original mineral titles violated human rights and did not respect Mexico’s commitment to indigenous consultation under United Nations Instrument ILO 169.
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Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) today announced that it has amended its private placement originally announced on March 10, 2020 (the "Offering") in order to reflect current market conditions. The size of the Offering has been increased from up to 4,900,000 Units to up to 5,400,000 Units, which may be increased. Closing of the Offering is anticipated to be on or about March 26, 2020 (the “Closing Date”) and is subject to receipt of applicable regulatory approvals including approval of the TSX and NYSE American exchanges.
NYSE American: AAU) is pleased to be able to provide an update on its progress and milestones achieved towards building a modern precious metals mine in Mexico. Almaden is committed to international environmental and social standards and best available technologies. In addition, the Company has recently submitted answers to formal questions posed by the environmental authority, SEMARNAT, as part of the standard MIA review process.
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Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 5,509,658 units (“Units”) at $0.37 per Unit (the “Offering”). Each Warrant allows the holder to purchase one Common Share at a price of $0.50 until March 27, 2023. The Offering was made by way of a private placement to qualified investors in Canada, United States of America and certain other jurisdictions where the Offering could lawfully be made.
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