American Lithium has won a legal battle in Peru to maintain its ownership of 32 uranium concessions that have been in dispute for years.
A Peruvian judiciary court announced that the petitions filed by the Ministry of Energy and Mines in December 2023 challenging the disputed concessions had been unanimously rejected, confirming their title of ownership to Macusani Yellowcake, the Canada-based company’s Peruvian subsidiary.
According to the ruling, the Supreme Court rejected hearing the petitions filed by Peru’s Ingemmet, its scientific and management agency that is also part of the mining ministry Minem, on the grounds of being “unfair, inadmissible and unacceptable”.
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