Nurol seeking Alamos Gold's Turkey mines stuck in $1B claim - Bloomberg

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Turkey's Nurol Holding is seeking to buy Alamos Gold's (NYSE:AGI [https://seekingalpha.com/symbol/AGI]) local mines in a deal that could bring an end to the mining company's $1B claim against the government for alleged mistreatment, Bloomberg reported Friday.

The acquisition would include all three gold and silver projects owned by Alamos (NYSE:AGI [https://seekingalpha.com/symbol/AGI]) in Turkey's northwestern Canakkale province, according to the report [https://www.bloomberg.com/news/articles/2025-08-15/nurol-said-to-eye-alamos-turkey-mines-stuck-in-1-billion-claim].

In 2021, two Alamos (AGI [https://seekingalpha.com/symbol/AGI]) units filed an investment treaty claim against Turkey for "expropriation and unfair and inequitable treatment," as the company argued its $250M of investments unlocked more than $1B of value and would generate $550M in government revenues over the life of the project.

Proceedings were suspended in July following an agreement between the parties, according to the World Bank's International Centre for Settlement of Investment Disputes, shortly after a parliamentary commission in Ankara approved a bill regulating mining permits in environmentally protected areas and swift land expropriations for the extraction of strategic and crucial minerals.

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