Adamus Australia loses injunction bid against Angela List and Nguvu Mining

The High Court in Accra has denied an Australian company's request for an interlocutory injunction against Angela List and Nguvu Mining. The bid aimed to prevent them from transferring, mortgaging, or disposing of the shares in Adamus Resources Limited, also known as Adamus Ghana. The Australian firm, Adamus Australia, was represented by Paul List.

The court ruled that Adamus Australia failed to meet the necessary conditions for granting the injunction and declared the application without merit. Adamus Australia had originally sued in February 2025, claiming ownership of the 90 percent stake in the shares and seeking the court to overturn Nguvu Mining’s acquisition of them.

The company alleged that the transfer was unauthorized by the board and called it fraudulent. Angela List and Nguvu Mining argued that the transfer was valid, and the deed of transfer should have been signed by Adamus Australia's director, Alan Morrison, rather than someone else. The defendants contended that the transaction was a reorganization, and Mr. Morrison lacked the standing to challenge the transfer as he had no legal or beneficial interest in the company.