Traka Resources Limited Challenges Partnership Termination in Guinea Didi Gold Project Following $200K Investment

Monday, July 7, 2025
at
8:21 am
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Traka Resources Limited states its Guinea exploration project partner has attempted to terminate their agreement. The company, having invested USD $200,000, disputes the termination and is reviewing its rights and options, promising further updates as the situation develops.

Traka Resources Limited has announced that its project partner, Alamako Resources SARL, has issued a notice claiming to terminate the partnership agreement that was established on 18 April 2025 for exploration and development activities in Guinea. The company, however, disputes the validity of this termination, stating that Alamako does not have the contractual or legal right to end the agreement. Traka Resources has emphasized that it has acted in good faith throughout the collaboration and has already made a financial contribution of USD $200,000 toward the project. The company is currently reviewing its contractual rights and examining its available options in response to Alamako’s notice. While no immediate changes in the project's financial contribution or strategy have been announced, further updates will be provided as the situation evolves. Bullish sentiment can be derived from Traka Resources Limited’s proactive stance and its commitment to defending its contractual interests, indicating confidence in its legal position and project potential. Conversely, bearish sentiment may arise due to the uncertainty introduced by the partner’s decision to attempt termination, which could potentially disrupt the progress and stability of the ongoing project in Guinea.

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