Aris Mining Reaches Settlement With The Republic Of Colombia, Represented By The National Agency For Legal Defense Of The State, To End The Arbitration Proceeding Brought Under The Canada-Colombia Free Trade Agreement

Aris Mining Corporation (Aris Mining or the Company) (TSX:ARIS) (NYSE-A: ARMN) announces that it has entered into a Settlement and Termination Agreement (the Settlement Agreement) with the Republic of Colombia, represented by the National Agency for Legal Defense of the State (ANDJE), to end the arbitration proceeding brought under the Canada-Colombia Free Trade Agreement (ICSID Case No. ARB/18/23).

 

The arbitration was originally initiated in May 2018 by Gran Colombia Gold Corp. (renamed GCM Mining) before the International Centre for Settlement of Investment Disputes (ICSID), an institution of the World Bank Group, and included a request for a cash award for alleged damages. Following Aris Mining's formation through the merger of GCM Mining and Aris Gold in September 2022, Aris Mining continued the process but engaged with the Government of Colombia to pursue a constructive, cooperative solution.