Exploration Rights. The Pebble Project, as described in the Registration Statement or included or incorporated by reference in the Preliminary Prospectuses, the Time of Sale Prospectus and the Prospectuses (the "Material Property") is the only mineral property currently material to the Company in which the Company or the Material Subsidiaries has an interest; the Company or through the Material Subsidiaries, hold either mineral claims, exploration permits, prospecting permits or participant interests or other conventional property or proprietary interests or rights, recognized in the jurisdiction in which the Material Property is located, in respect of the ore bodies and minerals located on the Material Property in which the Company (through the applicable Material Subsidiary) has an interest under valid, subsisting and enforceable title documents or other recognized and enforceable agreements, contracts, arrangements or understandings, sufficient to permit the Company (through the applicable Material Subsidiary), subject to compliance with customary permit requirements for specific work programs, to explore for the minerals relating thereto; all leases or claims and permits relating to the Material Property in which the Company (through the applicable Material Subsidiary) has an interest or right have been validly located and recorded in accordance with all Applicable Laws and are valid and subsisting; except as disclosed in the Registration Statement or included or incorporated by reference in the Preliminary Prospectuses, the Time of Sale Prospectus and the Prospectuses, the Company (through the applicable Material Subsidiary) has all necessary rights and interests relating to the Material Property in which the Company (through the applicable Material Subsidiary) has an interest granting the Company (through the applicable Material Subsidiary) the right and ability to explore for minerals as are appropriate in view of the rights and interest therein of the Company or the applicable Material Subsidiary, with only such exceptions as do not materially interfere with the current use made by the Company or the applicable Material Subsidiary of the rights or interest so held, and each of the proprietary interests or rights and each of the agreements, contracts, arrangements or understandings and obligations relating thereto referred to above is currently in good standing in all respects in the name of the Company or the applicable Material Subsidiary; except as disclosed in the ...
Exploration Rights. Notwithstanding anything contained herein to the contrary, Lessee, prior to taking exclusive possession of the Leased Premises for its mining operations, shall have the right to enter into, upon, over, across and through the Leased Premises at any time, and from time to time, to examine, explore, prospect, drill, test and evaluate as it deems appropriate all of the Leased Premises for coal and substances mixed with the coal, using such persons, tools, machinery and equipment as Lessee may deem necessary or convenient for the purpose of determining whether such coal exists; provided, however, that prior to the movement of drilling equipment onto any of the Leased Premises, Lessor shall be notified of such exploration activities by Lessee; and, provided further, however, that upon completion of such exploration, all drill holes shall be plugged in accordance with applicable state and federal laws, rules and regulations. In the event there are growing crops on the Leased Premises which are damaged or destroyed by Lessee’s exploration, drilling or other activities on the Leased Premises, Lessee shall pay the fair market value of such damaged crops to Lessor. In the event the parties hereto are unable to agree upon the value within 30 days of completion of exploration activities, each party shall select an appraiser and the two appraisers selected shall agree upon a fair value for such crops; provided, however, that in the event the two appraisers cannot so agree within 30 days after their selection, they shall select a third appraiser and the decision of the majority of the appraisers shall be binding upon both parties hereto.
Exploration Rights. The Company and its Subsidiaries have all necessary surface rights, access rights and other necessary rights and interests relating to the Material Properties granting, to the extent applicable, the Company and any Subsidiary the right and ability to explore for the natural resources located thereon, including minerals, as are appropriate in view of the rights and interest therein of the Company or any Subsidiary, if applicable, with only such exceptions as do not materially interfere with the use made by the Company or any Subsidiary, if applicable, of the rights or interest so held; the Company and its Subsidiaries do not have any responsibility or obligation to pay any commission, royalty, license, fee or similar payment to any person with respect to the property rights related to the Material Properties other than, in all such cases, as disclosed in the Registration Statement, the Prospectuses and the Pricing Disclosure Package.
Exploration Rights. All material property, options, leases, concessions, claims or other, direct or indirect, interests in natural resource properties and surface rights for exploration and exploitation, extraction and other material mineral property rights in which the Company or Subsidiaries holds an interest or right (collectively, the “Property Rights”) are or will be completely and accurately described in the Prospectuses and the Company or the Subsidiaries, as applicable, is the legal and beneficial owner of such Property Rights and the Property Rights are in good standing and are valid and enforceable and are free and clear of any liens, charges or encumbrances, except as disclosed in the Prospectuses, the royalties set forth in Schedule 4 hereto and encumbrances registered as security for such royalty obligations. No material property rights, easements, rights of way, access rights (including but not limited to any mineral, geothermal and water rights) other than the Property Rights are necessary for the conduct of the business of the Company and the Subsidiaries as currently being conducted, and there are no material restrictions on the ability of the Company or the Subsidiaries to use or otherwise exploit any such Property Rights, and there is no claim, or to the knowledge of the Company, basis for a claim that may adversely affect such rights in any respects.
Exploration Rights. Xxxxxxxxxxxx, as licensee, shall have the right to exercise all Exploration Rights, including the right to drill, prospect, explore, test, develop, and work at its own discretion and at its own expense, on all or any part of the Prospect Area on the condition all work and all improvements made by Xxxxxxxxxxxx on the Prospect Area, or any part of the Crow Reservation, under the terms of this Exploration Agreement and during the period of this Exploration Agreement, shall be done in a miner-like and proper manner, so that the Prospect Area shall be carefully operated and the minerals contained in the Prospect Area may be sampled and evaluated in an economical and environmentally responsible manner.
Exploration Rights. (a) Continental's mineral interests and rights are comprised solely of exploration rights granted by the Xiongcun Exploration License and the Laze Exploration License (collectively, the "Exploration Rights"), and do not include mining rights.
(b) Continental's subsidiary Tibet Tian Yuan Minerals Exploration Ltd. is the lawful grantee of the Exploration Rights. Continental has not received any notice that its customary access and use of the surface of the license area infringes on any third party rights or that access and use is in any danger of being cut-off or materially restricted. Continental has not received any notice, whether written or oral, from any Governmental Entity of any revocation or intention to revoke any interest of Continental in any of the Exploration Rights.
(c) Continental has not granted any options, back-in rights, earn-in rights, rights of first refusal or similar provisions or rights or other interests in the Exploration Rights or the production or profits therefrom or any royalty in respect thereof or any right to acquire any such interest to any third party nor does Continental have any reason to believe any third party holds any such rights.
(d) Continental has not been made aware that there are any restrictions on the ability of Continental to use, transfer or exploit any of the Exploration Rights, except pursuant to applicable Laws or pursuant to the terms and conditions of their grant.
(e) Continental owns no other material property and no real property.
Exploration Rights. Should Buyer elect to exercise its option to acquire any Exploration Rights as provided in EXHIBIT G, HHOC and Buyer shall schedule a closing, to occur no later than 5 days following the exercise of such option, but subject to extension for up to an additional 30-day period as may be required to obtain necessary waivers of (or the expiration of the exercise period with respect to) preferential purchase rights, releases and consents to assignment and to negotiate mutually acceptable processing agreements. At such closing, Seller shall convey to Buyer its proportionate interest in the applicable Exploration Rights acquired, with special warranty of title against claims arising by, through or under Seller, and Buyer will deliver to Seller the amount of the consideration allocated to the Exploration Rights conveyed as shown on EXHIBIT G. CONFIDENTIAL PORTION APPEARS IN BOLD
Exploration Rights. During the term of this Agreement, Coastal shall have the exclusive exploration rights on the Property, and the right to permit any other person or persons as it may in its sole discretion decide, to enter on and conduct exploration activities on the Property subject to an approved exploration Work Program presented by Coastal. Coastal shall have full power and authority, as well as its servants, agents, workers or contractors, to carry on any and all explorations in searching for Minerals and shall conduct all Exploration Operations in compliance in all material respects with all Acts, regulations, by-laws, orders and judgments and all applicable directives, rules, consents, permits, orders, guidelines and policies of any Government or Regulatory Authority with jurisdiction over the Property.
Exploration Rights. MGS hereby grants to ALAMOS, and the latter acquires, the exclusive right to explore the mining lots covered by the CONCESSIONS as from the date of execution of this agreement (the “Date of Execution”), under the terms and conditions herein contained, and as applicable according to the Mining Law, its Regulations and any other applicable legal provisions. The parties shall ratify this Agreement, within 15 (fifteen) calendar days following the Date of Execution, before the notary public or public attestor to be designated by the parties therefor. SECOND.
Exploration Rights. The Company and its subsidiaries, if any, have all necessary surface rights, access rights and other necessary rights and interests relating to the Queensway Gold Project granting, to the extent applicable, the Company and any subsidiary the right and ability to explore for the natural resources located thereon, including minerals, as are appropriate in view of the rights and interest therein of the Company or any subsidiary, if applicable, with only such exceptions as do not materially interfere with the use made by the Company or any subsidiary, if applicable, of the rights or interest so held; the Company and its subsidiaries, if any, do not have any responsibility or obligation to pay any commission, royalty, license, fee or similar payment to any person with respect to the property rights related to the Queensway Gold Project other than, in all such cases, as disclosed in the Registration Statement, the Prospectuses and the Disclosure Package.
