AVZ Minerals: Takes legal action to affirm interests in Manono project

AVZ Minerals Takes legal action to affirm interests in Manono project

• AVZ Minerals (AVZ) officially launches legal action against Dathomir Mining Resources regarding the Manono project in the Democratic Republic of Congo
• The company has filed the first of two International Chamber of Commerce (ICC) arbitrations against Dathomir to affirm a 15 per cent stake in the project
• This comes more than a year after Dathomir claimed to terminate the binding agreements it had entered with AVZ over the 15 per cent stake
• Despite the agreements being completed in August 2021, Dathomir has maintained its claims and denied the validity of AVZMinerals’ acquisitions under the agreements
• AVZ’s shares have been suspended since May 2022 and last traded at 78 cents