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Almaden Minerals Ltd. is a Canada-based company, which is in the business of exploring and developing mineral projects and its principal asset is the Ixtaca precious metals project located on its Tuligtic claim in Mexico. Through a subsidiary, the Company holds a 2% net smelter return royalty on the Ixtaca project. The Ixtaca precious metals project is located 120 kilometers southeast of the Pachuca Mine, a gold and silver deposits in Mexico with a historic production of 1.4 billion ounces of silver and seven million ounces of gold. The deposit is also well-located in the industrial heart of Puebla State.
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