Axiom Mining has resounding win in Solomon Islands High Court nickel case
Axiom Mining has won a David versus Goliath battle in the Solomon Islands High Court with Axiom triumphing over Sumitomo’s claims.
The High Court dismissed Sumitomo’s claims, finding “the proceedings have been shown to be an abuse of the court’s process.
Axiom shares are expected to climb.
The High Court discharged Sumitomo’s injunction preventing Axiom’s exploration or mining activities. It also placed a continuing permanent injunction restraining Sumitomo from interfering with Axiom’s business activities in Solomon Islands.
The company is targeting to start a direct shipping ore operation within the next 12 to 18 months.
Axiom’s claim for costs and damages will now be pursued.
“This judgment vindicates Axiom’s assertions that we have always acted correctly and with integrity,” chief executive officer Ryan Mount said.
“With our Prospecting Licence and registered lease recognised, we can now…
View original post 308 more words