AVZ 0.00% 78.0¢ avz minerals limited

Talking about true WORDS...!!!...2023: Legal battles...

  1. 11,369 Posts.
    lightbulb Created with Sketch. 1051
    Talking about true WORDS...!!!...sneaky.png

    2023:
    Legal battles intensify
    Feb 6: DRC Ministry of Mines cancels the mining license decree
    Feb 8: It is revealed AVZ engaged in-country strategic advisor Marius Mihigo
    Feb 10: AVZ and Mihigo vehemently deny any wrongdoing
    Apr 17: AVZ begins arbitration against Cominiere, seeking various remedies for the breaches by Cominiere of its obligations under the joint venture agreement dated 27 January, 2017.
    Apr 28: Cominiere and Zijin claim that Dathcom has been dissolved, a claim that AVZ disputes.
    June 9: AVZ begins arbitration against the DRC via ICSID
    Oct 9: 'Fat Tail Nominees' challenge AVZ boardOct 23: Zijin claims ownership of northern Manono
    Oct 30: AVZ refutes Zijin claim of ownership. Cominere convinces a DRC court that the Dathcom joint venture company had been disbanded and that as the original owner of the Manono tenements, they should be returned to Cominiere.
    Nov 15: AVZ reasserts full ownership claim of Manono
    Nov 17: $20 million term sheet signed (due diligence pending)
    Nov 24: AVZ board defeats leadership challenge, backed by shareholders

    2024: Mixed results and uncertainty
    Jan 16: ICSID issues interim order reinstating Dathcom's ownership of the southern Manono project. Final ruling on the northern portion is pending.
    Jan 31: AVZ announces a massive resource upgrade, making it twice as large as any other hard rock lithium project globally.
    Mar 19: AVZ successfully defends its 15% stake in Dathcom against a challenge from Jin Cheng.
    The due diligence period for the $20 million term sheet is extended to JULY 15.
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.