Update re Bilateral Investment Treaty Claim

RNS Number : 5778L

Pathfinder Minerals Plc

04 January 2023

 

4 January 2023

Pathfinder Minerals Plc

("Pathfinder" the "Company")

Update re Bilateral Investment Treaty Claim:

Extension of Option Agreement for the Sale of IM Minerals and the Claim

Further to the Company's announcement on 29 September 2022 regarding the exclusive option agreement with Acumen Advisory Group LLC ("AAG") for the sale of IM Minerals Limited, a wholly owned subsidiary of the Company (the "Option Agreement"), Pathfinder announces that the Option Agreement has been extended until 31 January 2023 to enable AAG to complete due diligence.  

The Option Agreement includes the assignment of the rights to bring a claim against the Government of Mozambique under the Mozambique-United Kingdom Bilateral Investment Treaty (2004) for the expropriation of Mining Concession 4623C.

Peter Taylor, Chief Executive Officer of Pathfinder, commented:

"We continue to work with AAG towards the potential monetisation of the Company's valuable claim against the Government of Mozambique."

Enquiries:

Pathfinder Minerals Plc

Peter Taylor, Chief Executive Officer

Tel. +44  [phone]

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Abigail Wennington

Tel. [phone]

Vigo Consulting (Investor Relations)

Ben Simons / Kate Kilgallen

Tel. [phone]

Email [e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

 

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