Material Properties and Mining Rights. The Material Properties are the only material properties which the Corporation currently owns or has an interest in, and except as otherwise disclosed in the Offering Documents:
Material Properties and Mining Rights. The Stibnite Gold Project (the “Stibnite Gold Project”) located in central Idaho, United States comprised of the mineral concessions described in the technical report summary, dated as of December 31, 2021, and amended as of June 6, 2022, and prepared by M3 Engineering & Technology Corp., Xxxxxxx Xxxx, C.Eng., Xxxxx X. Xxxxxxx, P.Xxx., Blue Coast Metallurgy Ltd., Value Consulting, Inc. and Tierra Group International, Ltd. (the “TRS”), which summarizes the technical report titled “Stibnite Gold Project, Feasibility Study Technical Report, Valley County, Idaho” effective December 22, 2020, issued on January 27, 2021, and prepared by Xxxxxxx X. Xxxxxxxxx, X.X., SME-RM, Xxx Xxxxxx, P.E., Xxxxxxx X. Xxxx, X.Xxx., Xxxxx X. Xxxxxxx, X. Xxx., Xxxxxxxxxxx X. Xxxxxx, X.Xxx., Xxxxx X. Xxxxxxxxxx, P.E., Xxxxx X. Xxxx, P.E. and Xxxxx Xxxxxxxxx, P.E. (the “FS Technical Report”) is the only mining project which the Company directly or indirectly owns and: (i) the Company and the Subsidiaries are the absolute legal and beneficial owners of and have good and marketable title to all of the material assets of the Company and the Subsidiaries, including the Stibnite Gold Project and all of Mining Rights thereof, all of which are valid and in good standing, free of encumbrances, except for the Permitted Encumbrances and as disclosed in the Prospectus. Except as disclosed in the Prospectus, no other Mining Rights are necessary for the conduct of the business of the Company and the Subsidiaries as currently conducted and the Company knows of no claim or basis for any claim that would have a Material Adverse Effect on the right of the Company or the Subsidiaries to use, transfer, access or otherwise exploit such Mining Rights. Except as disclosed in the Prospectus, the Company and the Subsidiaries have no responsibility or obligation to pay any commission, royalty, license fee or similar payment to any person with respect to the Mining Rights thereof, (ii) the Company and the Subsidiaries hold the Mining Rights under valid, subsisting and enforceable title documents or other recognized and enforceable agreements or instruments, sufficient to permit the Company and the Subsidiaries to access, explore the mineral deposits relating thereto as are appropriate in view of their respective rights and interests therein; all such Mining Rights have been validly located and, to the best of the Company’s knowledge after having made due investigation, recorded by the applicable regulatory au...
Material Properties and Mining Rights. (a) The Company is the legal and beneficial owner of and has good, valid and marketable title in fee simple to, or has valid rights to lease or otherwise use the Material Properties and all Mining Rights that are material to the consolidated business of the Company and its subsidiaries as currently conducted, in each case free and clear of all Encumbrances except for security interests granted in connection with the Credit Facility and those that (i) do not materially interfere with the use made and proposed to be made of such property by the Company and its subsidiaries, (ii) would not reasonably be expected to have a Material Adverse Effect, or (iii) are disclosed in the Offering Documents.
Material Properties and Mining Rights. The Corporation and/or the Material Subsidiaries hold either mineral exploration concessions/claims, freehold title, mining leases, mining concessions, mining claims or other conventional property, proprietary or contractual interests or rights, including access and surface rights, recognized in the jurisdiction in which the Material Properties are located in respect of the ore bodies and specified minerals located in the Material Properties in which the Corporation and the Material Subsidiaries have an interest under valid, subsisting and enforceable title documents or other recognized and enforceable agreements or instruments, sufficient to permit the Corporation and the Material Subsidiaries to access the Material Properties and explore and exploit the minerals relating thereto in all material respects; all such properties, leases, concessions or claims in which the Corporation and the Material Subsidiaries have any interests or rights have been validly located and recorded in accordance with all Applicable Laws and are valid, subsisting and in good standing, in all material respects.
Material Properties and Mining Rights. The Material Properties are the only material properties currently owned by the Corporation and except with respect to the Pampacancha surface rights or as otherwise disclosed in the Offering Documents and the Permitted Encumbrances:
Material Properties and Mining Rights. The Stibnite Gold Project is the only mineral property which the Company directly or indirectly owns and:
Material Properties and Mining Rights. The Company and the Subsidiaries hold such freehold title, mining leases, mining concessions, mining claims or other conventional property, proprietary or contractual interests or rights, including access and surface rights, recognized in the jurisdiction in which the Material Properties are located in respect of which the Company and the Subsidiaries have an interest, all as described in the Public Record or the Due Diligence Materials, which rights are sufficient to permit the Company and the Subsidiaries to conduct such activities as described in the Public Record and the Due Diligence Materials; neither the Company nor the Subsidiaries is in default of any of the material provisions of any such agreements, including failure to fulfill any payment or work obligation thereunder, nor has any such default been alleged.
Material Properties and Mining Rights. (i) The Material Properties are the only material mines, projects or operations currently owned by the Company.
