Gold Reserve Ltd. has filed a reply brief with the U.S. Court of Appeals for the Third Circuit in its challenge to the proposed judicial sale of PDVH shares to Elliott/Amber Energy. The company argues the Delaware court improperly approved a $5.9 billion bid that did not meet court-ordered overbid requirements and conflicted with Delaware law requiring a sale to the highest bidder, and also says concerns about potential bias tied to advisors’ contacts outside the sales process only became clear in September 2025. Briefing is complete and the parties are awaiting an oral argument date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gold Reserve Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603021726BIZWIRE_USPR_____20260302_BW010907) on March 02, 2026, and is solely responsible for the information contained therein.