Stracon Group Holding Responds to Allegations from SLC Holdings

STRACON Secures Key Legal Victory in Peruvian Court Amid Ongoing Dispute with SLC Holdings

STRACON Group Holding Inc. has gained significant legal ground in its ongoing dispute with SLC Holdings Inc., according to an update released by the Toronto-based mining services company. A Peruvian court has granted STRACON an interim injunction that compels the Peruvian Public Registry to complete the registration of a contested merger, regardless of opposition from SLC Holdings.

The ruling, issued on January 29, 2026, marks a crucial development in the corporate conflict first revealed to investors in STRACON’s January 23 press release. Beyond mandating the completion of the registration process for the merger between STRACON and STRACON Holdings S.A., the court has also authorized STRACON to secure USD 2 million of SLC’s assets to cover potential damages and legal costs.

This legal victory in Peru comes as STRACON continues to contest what it characterizes as “false claims” made by SLC Holdings in an application filed with the Ontario Securities Commission (OSC). The company has confirmed it is actively challenging SLC’s application with Canadian regulators, though specific details of SLC’s allegations were not elaborated upon in the announcement.

The dispute highlights the complex regulatory landscape for mining companies operating across multiple jurisdictions in the Americas. With listings on both the Toronto Stock Exchange (TSX: STG) and the Lima Stock Exchange (BVL: STG), STRACON must navigate legal systems in Canada, Peru, and potentially other countries where it maintains operations.

Industry analysts note that such corporate disputes are not uncommon in the mining sector, particularly when companies expand through mergers and acquisitions in regions with different regulatory frameworks. The mining industry in Peru, a significant market for STRACON, has experienced increased regulatory scrutiny and legal complexities in recent years.

STRACON Group describes itself as an “integrated, engineering-led and technology-enabled mining infrastructure and services group” with operations throughout the Americas. Headquartered in Toronto, the company provides comprehensive solutions spanning the entire mining lifecycle, from initial engineering and technology implementation to ongoing industrial services, equipment support, and infrastructure development.

The company positions itself as a partner to major global mining operators, assisting them in designing, building, operating, and maintaining critical infrastructure that supports safe, efficient, and sustainable mining operations. This business model has become increasingly valuable as mining companies face growing pressure to improve operational efficiency while meeting heightened environmental and safety standards.

The outcome of both the Peruvian court case and the OSC proceedings could have significant implications for STRACON’s corporate structure and operations. The interim injunction represents a preliminary victory, but the broader dispute appears far from resolved.

Mining industry experts suggest that such legal challenges can impact investor confidence and potentially affect operational focus, making their swift resolution crucial for companies in this capital-intensive sector. The USD 2 million asset security granted by the Peruvian court indicates the substantial financial stakes involved in the dispute.

STRACON has noted that its public statements contain forward-looking information subject to various risks and uncertainties, including those related to regulatory and legal proceedings. The company has appropriately cautioned that actual outcomes may differ from current expectations.

As the situation continues to develop, investors and industry observers will likely watch closely for any further rulings from either Peruvian courts or the Ontario Securities Commission that might impact STRACON’s corporate structure and strategic direction in the competitive global mining services market.