Lupaka Gold Corp. - Arbitration Award Update
Lupaka Gold Corp. - Arbitration Award Update
VANCOUVER, BC / ACCESS Newswire / February 18, 2026 / Lupaka Gold Corp. ("Lupaka"
or the "Company") (TSX-V:LPK)(FRA:LQP) advises as to current progress in pursing the
proceeds of the ICSID Arbitration Award initially announced by the Company on July 2,
2025.
On December 31,2025, the Peru Ministry of Mining issued a supreme decree stating that
the Ministry of Mines would be carrying out promotional activities at this year's Prospectors
& Developers Association of Canada (PDAC) March 1-4, 2026 in Toronto, Canada in an
effort to promote investment and foreign-funded development in Peru.
The Company wishes to remind the Republic of Peru and the Peru Ministry of Mines
specifically that while they are promoting Peru as a good place to invest they are delinquent
in their obligations regarding the Lupaka Gold Arbitration Award issued on June 30, 2025 by
the ICSID Tribunal and the related Free Trade Agreement with Canada. It would be prudent
for Peru to arrange for the payment of the Company's arbitration award prior to PDAC.
From a recent article in Bloomberg, the Chief Executive of one of Peru's largest banks
stated "We continue to have cautious optimism, but we are even a little bit more upbeat
because Peru's macroeconomic indicators are performing pretty well, " Blomberg
continued "Peru is one of Latin America's most stable economies-with low inflation and a
strong currency-and a top exporter of copper and gold at a time of record-setting metal
prices" .
Gordon Ellis (CEO) commented "During this lengthy arbitration and award collection
process, the price of gold has ascended from US1,500 to nearly US5,000 per ounce. From
all accounts, Peru is financially strong and we see no reason why Peru cannot pay the
Award amount immediately. "
Award Background: In December 2019, the Company initiated an arbitration claim against
the Republic of Peru under the Canada-Peru Free Trade Agreement. The related arbitration
process was conducted through the International Centre for Settlement of Investment
Disputes (ICSID) and continued until the ICSID Tribunal issued an Award in favour of the
Company on June 30, 2025.
Subsequent to the Award date, Peru had 120 days in which to challenge the Award via a
request for an annulment. The 120-day period passed on October 28, 2025, with no
annulment being requested. Having no further recourse, the Republic of Peru must pay the
Award amounts, otherwise risking serious impacts to its desired reputation as a welcoming
mining jurisdiction that protects foreign investment.
As of January 31, 2026, accrued interest has brought the total Award to US$68.2 million.
For ongoing updates and more detail with respect to the Arbitration Award, please refer to
the Company's website (www.lupakagold.com/projects/arbitration).
For background on the basis for the Claim, please refer to the Company's previous news
releases, also available on the Company's website (www.lupakagold.com/news).
Lupaka was represented in the arbitration proceedings by the international law firm LALIVE
(www.lalive.law), with the financial backing of Bench Walk Advisors
(www.benchwalk.com). Both firms continue to be involved until the Award proceeds are
received.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy of this news release.
About Lupaka Gold
Lupaka is a Canadian-based company focused on creating shareholder value through the
identification and development of mining assets.
About LALIVE
LALIVE is an international law firm with offices in Geneva, Zurich and London, that
specializes in international dispute resolution. The firm has extensive experience in
international investment arbitration in the mining sector, amongst others, and is currently
representing investors and States as counsel worldwide.
About Bench Walk Advisors
Bench Walk Advisors is a global litigation financier with over USD 250 million of capital
deployed across in excess of 100 commercial cases. Bench Walk and its principals have
consistently been ranked as leading lawyers and litigation funders in various global
directories.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gordon Ellis, C.E.O.
|Tel: (604) 985-3147
or visit the Company's profile at www.sedar.com or its website at www.lupakagold.com
SOURCE: Lupaka Gold Corp.