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Montauk Metals Announces Arbitration Decision in Claim Against Colombia

Montauk Metals Announces Arbitration Decision in Claim Against Colombia

蒙托克金屬公司宣佈對哥倫比亞索賠的仲裁決定
Accesswire ·  06/11 06:25

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.

蒙托克金屬公司(TSXV:MTK)(以下簡稱“公司”或“蒙托克”)宣佈,投資爭端解決國際中心(“ICSID”)仲裁庭(以下簡稱“仲裁庭”)在有關仲裁程序(以下簡稱“仲裁”)中裁定不支持公司訴訟哥倫比亞共和國(以下簡稱“哥倫比亞”),與哥倫比亞的爭議涉及公司聲稱哥倫比亞禁止在高山生態環境禿山上採礦,從而導致公司雷納德奧羅項目的虧損未獲得補償。公司對仲裁庭的決定持有異議,並正在評估其對公司的影響,但對仲裁庭有關費用的裁定感到滿意,拒絕向哥倫比亞支付任何費用,並命令哥倫比亞向公司支付504,000美元的賠款。公司正在與其法律顧問分析決定,正在評估其選擇。公司將公佈任何產生的進展。

Montauk Metals Inc.
Mari Doren
VP Administration
800-761-2770
mdoren@montaukmetalsinc.com

蒙托克金屬公司。
馬裏·多倫
行政副總裁
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.

風險披露聲明:目前,公司的支付義務在很大程度上超過其現金餘額,並且其他資產一無所有。公司不償債,無法作爲持續經營的企業。公司股票的交易和任何對公司的投資都是高度投機性的。未能承受全部資金損失的情況下,不應進行公司證券的交易或投資。請參見下面的“有關前瞻性聲明的警示”部分。投資者在決定交易或投資公司證券之前,應該諮詢專業人士的建議。

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.

關於前瞻性聲明的注意事項:本新聞稿包括某些不包含歷史事實的“前瞻性聲明”。前瞻性聲明包括估計和描述蒙托克的未來計劃、目標或目標的聲明,包括以Montauk本人或管理層預期的條件或結果。前瞻性聲明可能用“相信”、“預計”、“期望”、“估計”、“可能”、“可能”、“將”或“計劃”等術語來確定。由於前瞻性聲明基於假設並涉及未來事件和條件,因此它們本質上涉及固有的風險和不確定性。儘管這些陳述基於目前可用於蒙特克的信息,但蒙特克不能保證實際結果將符合管理層的預期。涉及前瞻性信息的風險、不確定性和其他因素可能導致實際事件、結果、績效、前景和機會與這種前瞻性信息所表述的不同。本新聞稿中的前瞻性信息包括評估仲裁裁決對公司的影響,並與其法律顧問分析決定以評估其選擇的期望,公司將公佈隨時發生的任何發展。導致前瞻性聲明偏離預期的因素包括但不限於:政治風險;未來需要融資的可用性和成本等不確定因素;股票市場的波動;通貨膨脹;匯率變動;商品價格波動;在仲裁中獲得不成功的結果,公司可能沒有商業運營,並且在仲裁方面仍承擔重大責任;由於仲裁不利結果而導致公司開發其屬性或產生收入的能力出現實質性不利變化的風險;假設仲裁不利結果,公司能夠繼續作爲持續經營的企業的風險;以及在Montauk在SEDAR+上公開的文件中列出的風險。雖然Montauk已經盡力確定可能導致實際行動、事件或結果與前瞻性信息所述不同的重要因素,但可能還有其他因素導致行動、事件或結果不符合預期、估計或意圖。前瞻性信息不可能被證明是準確的。此處所包含的前瞻性信息是爲了幫助投資者理解蒙托克的計劃、目標和目標,並可能不適用於其他目的。因此,讀者不應完全依賴前瞻性信息。蒙特克不承諾更新任何前瞻性信息,除非按照適用的證券法規定。

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創業公司交易所及其監管服務提供方(該術語定義在TSX創業公司政策中)不對此發佈的充分性或準確性承擔任何責任。

SOURCE: Montauk Metals Inc.

來源:蒙托克金屬公司。


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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