Montauk Metals Announces Arbitration Decision in Claim Against Colombia
Montauk Metals Announces Arbitration Decision in Claim Against Colombia
TORONTO, ON / ACCESSWIRE / June 10, 2024 / Montauk Metals Inc. (TSXV:MTK) (the "Company" or "Montauk") announces that the International Centre for Settlement of Investment Disputes ("ICSID") Arbitral Tribunal (the "Tribunal") has ruled against the Company in connection with the arbitration proceedings (the "Arbitration") the Company brought against the Republic of Colombia ("Colombia") relating to the Company's claim that Colombia failed to compensate the Company for the losses with respect to the Company's Reina de Oro project incurred as a consequence of Colombia's prohibition of mining in the páramos (high altitude eco-systems). The Company disagrees with the Tribunal's decision and is assessing the impact on the Company, however, is pleased with the Tribunal's rulings on costs, which deny Colombia any award of costs, and order Colombia to reimburse the Company in the amount of USD$504,000. The Company is analyzing the decision with its legal advisors and is evaluating its options. The Company will announce any developments as they occur.
蒙托克金属公司(TSXV:MTK)(以下简称“公司”或“蒙托克”)宣布,投资争端解决国际中心(“ICSID”)仲裁庭(以下简称“仲裁庭”)在有关仲裁程序(以下简称“仲裁”)中裁定不支持公司诉讼哥伦比亚共和国(以下简称“哥伦比亚”),与哥伦比亚的争议涉及公司声称哥伦比亚禁止在高山生态环境秃山上采矿,从而导致公司雷纳德奥罗项目的亏损未获得补偿。公司对仲裁庭的决定持有异议,并正在评估其对公司的影响,但对仲裁庭有关费用的裁定感到满意,拒绝向哥伦比亚支付任何费用,并命令哥伦比亚向公司支付504,000美元的赔款。公司正在与其法律顾问分析决定,正在评估其选择。公司将公布任何产生的进展。
Montauk Metals Inc.
Mari Doren
VP Administration
800-761-2770
mdoren@montaukmetalsinc.com
蒙托克金属公司。
马里·多伦
行政副总裁
800-761-2770
mdoren@montaukmetalsinc.com
RISK DISCLOSURE STATEMENT: At the present time, the Company's payment obligations are substantially in excess of its cash balances and it has no other assets. The Company is not solvent and cannot continue as a going concern. Trading in shares of the Company and any investment in the Company is highly speculative. No trading in securities of the Company or investment should be made without being able to lose the entire amount of such funds. See below, "Cautionary Note Regarding Forward-Looking Statements". Investors are advised to seek professional advice before making any decision to trade in or invest in the securities of the Company.
风险披露声明:目前,公司的支付义务在很大程度上超过其现金余额,并且其他资产一无所有。公司不偿债,无法作为持续经营的企业。公司股票的交易和任何对公司的投资都是高度投机性的。未能承受全部资金损失的情况下,不应进行公司证券的交易或投资。请参见下面的“有关前瞻性声明的警示”部分。投资者在决定交易或投资公司证券之前,应该咨询专业人士的建议。
Cautionary Note Regarding Forward-Looking Statements:This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Montauk's future plans, objectives or goals, including words to the effect that Montauk or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Montauk, Montauk provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, assessing the impact of the Arbitration decision on the Company and analyzing the decision with its legal advisors to evaluate its options, the expectation that the Company will announce any developments as they occur. Factors that may cause the forward-looking statements to deviate from expectations include, but are not limited to: political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; changes in exchange rates; fluctuations in commodity prices; assuming an unsuccessful result at the Arbitration, the Company may have no commercial operations and has no history of profit, while retaining significant liabilities in connection with the Arbitration; risks of a material adverse change to the Company's ability to develop its properties or generate revenue due to an unfavourable result at the Arbitration; the ability to continue as a going concern assuming an unfavourable result at the Arbitration; and those risks set out in Montauk's public documents filed on SEDAR+. Although Montauk has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Montauk's plans, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Montauk does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
关于前瞻性声明的注意事项:本新闻稿包括某些不包含历史事实的“前瞻性声明”。前瞻性声明包括估计和描述蒙托克的未来计划、目标或目标的声明,包括以Montauk本人或管理层预期的条件或结果。前瞻性声明可能用“相信”、“预计”、“期望”、“估计”、“可能”、“可能”、“将”或“计划”等术语来确定。由于前瞻性声明基于假设并涉及未来事件和条件,因此它们本质上涉及固有的风险和不确定性。尽管这些陈述基于目前可用于蒙特克的信息,但蒙特克不能保证实际结果将符合管理层的预期。涉及前瞻性信息的风险、不确定性和其他因素可能导致实际事件、结果、绩效、前景和机会与这种前瞻性信息所表述的不同。本新闻稿中的前瞻性信息包括评估仲裁裁决对公司的影响,并与其法律顾问分析决定以评估其选择的期望,公司将公布随时发生的任何发展。导致前瞻性声明偏离预期的因素包括但不限于:政治风险;未来需要融资的可用性和成本等不确定因素;股票市场的波动;通货膨胀;汇率变动;商品价格波动;在仲裁中获得不成功的结果,公司可能没有商业运营,并且在仲裁方面仍承担重大责任;由于仲裁不利结果而导致公司开发其属性或产生收入的能力出现实质性不利变化的风险;假设仲裁不利结果,公司能够继续作为持续经营的企业的风险;以及在Montauk在SEDAR+上公开的文件中列出的风险。虽然Montauk已经尽力确定可能导致实际行动、事件或结果与前瞻性信息所述不同的重要因素,但可能还有其他因素导致行动、事件或结果不符合预期、估计或意图。前瞻性信息不可能被证明是准确的。此处所包含的前瞻性信息是为了帮助投资者理解蒙托克的计划、目标和目标,并可能不适用于其他目的。因此,读者不应完全依赖前瞻性信息。蒙特克不承诺更新任何前瞻性信息,除非按照适用的证券法规定。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX创业公司交易所及其监管服务提供方(该术语定义在TSX创业公司政策中)不对此发布的充分性或准确性承担任何责任。
SOURCE: Montauk Metals Inc.
来源:蒙托克金属公司。