TORONTO, CANADA, December 18, 2025 – World Wide Minerals Ltd. ("WWM" or the "Company") and Ms. Ann Marie Carroll, WWM's President and CEO, announce that on December 12, 2025, the Company filed a Notice of Resubmitted Arbitration (the "Notice") against the Republic of Kazakhstan ("Kazakhstan"). The Notice follows a decision from the English High Court dated February 28, 2025 (addressed in our news release dated March 3, 2025), which set aside the findings on causation and losses in a second arbitral award rendered in favour of WWM and the Estate of Mr. Paul A. Carroll, QC, on March 26, 2024 (the "Second Award").
The Notice triggers a third phase of arbitration proceedings (the "Third Arbitration") in WWM’s decades-long efforts to hold Kazakhstan accountable for its proven violations of international law and the Canada-U.S.S.R. Bilateral Investment Treaty (the "BIT") related to the Company’s uranium operations in Kazakhstan in the mid-1990s. The Second Award—like the original award issued in October 2019 (the "First Award") by the tribunal (the "Initial Tribunal")—confirmed that Kazakhstan breached international law and the BIT in its dealings with WWM.
Ann Marie Carroll, President and CEO
917-211 Queens Quay Blvd. West
Toronto, ON M5J 2M6 Canada
Phone: 416-703-9120
Email: annmarie.carroll@worldwideminerals.com
