Business
Auxico Resources Announces Final ICC Arbitration Award of USD $2.2 Million Against JBNX (Brazil)
MONTREAL, Nov. 17, 2025 /CNW/ - Auxico Resources Canada Inc. (CSE: AUAG) ("Auxico" or the "Company") announces that the International Court of Arbitration of th
About this update from Auxico Resources Canada, Inc.
[{"type":"text","content":" MONTREAL, Nov. 17, 2025 /CNW/ - Auxico Resources Canada Inc. (CSE: AUAG) (\"Auxico\" or the \"Company\") announces that the International Court of Arbitration of the International Chamber of Commerce (\"ICC\") has issued its Final Award in Case No. 27317/PDP (EPP). The Award is final, binding, and not subject to appeal. The arbitrator concluded that JBNX Holding e Participações LTDA (\"JBNX\") breached its contractual obligations under a 2020 purchase agreement by failing to deliver 10,163 metric tons of manganese ore that Auxico had paid for. As a result, the arbitrator ordered JBNX to pay Auxico USD $1,992,756 in principal damages, plus interest, legal fees, and arbitration costs, for a total award of approximately USD $2.2 million. Auxico is undertaking the steps required to enforce the Award in Brazil. About Auxico Resources Canada Inc. Auxico is a Canadian company that was founded in 2014 and based in Montreal, trading on the Canadian Stock Exchange (CSE) under symbol AUAG. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia and Bolivia. Additional information on Auxico can be found on the Company's website (www.auxicoresources.com) or on SEDAR+ (www.sedarplus.ca) under \"Auxico Resources Canada Inc.\" The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release. Cautionary Note Regarding Forward-Looking Statements This press release contains statements that constitute \"forward-statements.\" Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that ...