Summary

• USD4.65 million litigation funding confirmed with Litigation Capital Management Limited Funding will support legal costs associated with the Claim to Arbitration against the Government of Tanzania
• All monies advanced through the funding facility are non-recourse and only repayable in the event of a successful Claim where monies are recovered
• Six-month notice period to the Government of Tanzania has now expired without any engagement from the Government
• Preparations now well advanced to lodge a Request for Arbitration seeking compensation for the illegal expropriation of the Ntaka Hill Nickel Project and loss of the asset

Nachingwea U.K. Limited (UK), Ntaka Nickel Holdings Limited (UK) and Nachingwea Nickel Limited (Tanzania) v. United Republic of Tanzania (ICSID Case No. ARB/20/38)