MINING CONCESSIONS. (i) Bralorne is the sole legal and beneficial owner or holder of all Licenses listed in Schedule 1.1(uu) of the Disclosure Letter which are necessary for the lawful operation of the Business as presently conducted. All such Licenses are valid and subsisting and in good standing. No material violations have been recorded in respect of any such Licenses and no proceeding is pending or, to the best of Vendor’s knowledge, information and belief, threatened to revoke or limit any thereof.
(ii) Schedule 1.1(uu) of the Disclosure Letter lists all mineral rights and properties, including the Mining Concessions, owned by Bralorne, and all such concessions are in good standing as of the date hereof. There are no open fractional undersurface rights areas in respect of the Bralorne Mine Property between the boundaries of the Crown grants owned by Bralorne that are not otherwise subject to a mineral claim tenure registered in the name of Bralorne as to an undivided 100% interest. Bralorne is the registered owner in fee simple as to a 100% undivided interest in and to the surface rights to all of the properties on which all buildings and other fixed infrastructure owned by the Company and used in connection with the Bralorne Mine and the Bralorne Mine Property are located. Access to and egress from the Bralorne Mine Property is by open public highway owned, operated and maintained by the government of the Province of British Columbia.
(iii) Schedule 1.1(uu) of the Disclosure Letter lists all royalty interests, net profits interests or other similar interests in the Bralorne Mine Property.
(iv) Bralorne holds title to the Bralorne Mine Property free and clear of all Encumbrances other than Permitted Encumbrances and has the exclusive right to deal with the Bralorne Mine Property. Bralorne’s title to the Bralorne Mine Property is not subject to any unregistered transfers, agreements, leases or other rights, other than the Permitted Encumbrances.
(v) Except as disclosed in Schedule 1.1(uu) of the Disclosure Letter, no person has any interest in the Bralorne Mine Property or any right to acquire any such interest. There are no back-in rights, earn-in rights, rights of first refusal, preferential rights, royalty rights or similar provisions which would affect, burden or encumber Bralorne’s interest in the Bralorne Mine Property.
(vi) Neither Vendor nor Bralorne has received any notice, whether written or oral, from any Authority or any Person with jurisdiction or applicable ...
MINING CONCESSIONS. Set of mining properties (AD. 33 of the Mining Code), ------------------ in which the activities established in the Contract can be performed.
MINING CONCESSIONS. SCHEDULES B-1 AND B-2 contains a complete and accurate list of all material mining claims, concessions and leases in which the Corporation has an interest relating in any way to the Kemess Mine, including, without limitation, all mining claims, concessions and leases in respect of which the Corporation has any obligation to contribute funds or make payments, other than fees or taxes payable in the ordinary course under the regulations governing such claims, concessions or leases. The Corporation is the absolute beneficial owner of, and has good and marketable title to, such mining claims, concessions and leases in accordance with governing laws and regulations, free of all Liens except for such rights as may be held by Kemess South Resources Limited Partnership as disclosed in item (a) of Part II of SCHEDULE C1 to the Debenture, by the Lenders under the Senior Secured Debenture Facility and by the holders of the Existing Encumbrances.
MINING CONCESSIONS. (A) Oro de Altar owns the following mining concessions and leases the concessions to MSR: 1. 200,718 San Xxxx 96.0000 2. 206,408 Rono No. 1 82.1902 3. 214,224 Rono No. 3 197.2180 4. 211,987 La Cuchilla 143.3481 5. 212,004 Xxxx 2,035.3997 6. 214,223 Elisa 78.4717 7. 217,495 Ena 190.0000 8. 212,395 Eva 416.8963 9. 212,082 Xxxxx 20.5518 10. 212,081 Xxxx 60.5890 11. 212,355 Xxxx 24.0431 12. 206,404 El Charro 40.0000 13 214,874 Las Dos Virgen 132.2350 14 219,624 La Tira 1.7975 15 219,623 La Tira 1 18.6087 16 223,634 Los Tres 8.000 17 231,373 Santa Xxxx I 3,765.9666 18 232,117 Santa Xxxx III 2,233.3163 19 233,574 Santa Xxxx 4 fracción I 5.0728 20 233,575 Santa Xxxx 4 fracción II 4.7786 21 233,576 Santa Xxxx 4 fracción III 110.2725 Total 9,664.7559
(B) Pursuant to the Xxxxx Exploration Contract, Oro de Altar owns mining development rights, together with an option to purchase, the following 12 mining concessions constituting the Saric Project and totaling 1,789.097 hectares located northwest of Saric, Sonora: 1. 216,684 El Cometa 9.0000 2. 219,812 El Cometa 2 91.0000 3. 225,824 El Cometa 4 20.0000 4. 222,808 El Cometa 4 148.0018 5. 222,784 El Cometa 4 58.5084 6. 225,092 El Cometa 5 260.5752 7. 225,051 El Cometa 5 65.9935 8. 229,206 Lalo 1 29.0000 9. 227,384 Lalo 1 611.3590 10. 229,255 Lalo 2 97.7623 11. 227,383 Lalo 2 21.2562 12. 231,330 Lalo 3 376.6406 Total 1,789.097
(C) MSR does not own any mining concessions.
MINING CONCESSIONS. Oro de Altar owns the following mining concessions, and, except where indicated otherwise, the following mining concessions constitute the El Chanate Project: 1. 200,718 San Xxxx 96.0000 2. 206,408 Rono No. 1 82.1902 3. 214,224 Rono No. 3 197.2180 4. 211,987 La Cuchilla 143.3481 5. 212,004 Xxxx 2,035.3997 6. 214,223 Elisa 78.4717 7. 217,495 Ena 190.0000 8. 212,395 Eva 416.8963 9. 212,082 Xxxxx 20.5518 10. 212,081 Xxxx 60.5890 11. 212,355 Xxxx 24.0431 12. 206,404 El Charro 40.0000 13 214,874 Las Dos Virgen 132.2350 14 219,624 La Tira 1.7975 15 219,623 La Tira 1 18.6087 16 223,634 Los Tres 8.000 17 231,373 Santa Xxxx I 3,765.9666 18 232,117 Santa Xxxx III1 2,233.3163 19 233,574 Santa Xxxx 4 fracción I 5.0728 20 233,575 Santa Xxxx 4 fracción II 4.7786 21 233,576 Santa Xxxx 4 fracción III 110.2725 Total 9,664.7559
MINING CONCESSIONS. Any Mining Concession or any Mining Project Right is terminated, to the extent such termination could reasonably be expected to result in a Material Adverse Effect.
MINING CONCESSIONS. As security for the Secured Debt Obligations, the Borrower hereby agrees to execute and deliver to the Collateral Agent (or otherwise as requested by it) for the benefit of the Secured Parties, promptly following the acquisition by the Borrower of any Mining Concessions, such notarized Bolivian deeds and registrations as are necessary to grant and perfect a first priority mining mortgage (hipoteca) under Bolivian law of each such mining concession acquired by the Borrower. The Borrower agrees to register each mortgage granted pursuant to this Section 3.02(e) in each public registry where such Mining Concessions are registered and Other Property Rights appurtenant to such Mining Concessions are registered.
MINING CONCESSIONS. (a) The Borrower shall keep the Core Mining Concessions in full force and effect, shall pay all fees and other payments payable in connection with the continuation therewith, and shall defend its right, title and interest in, to and under the Core Mining Concessions against any adverse or competing claim.
(b) The Borrower shall keep the Mining Concessions that are not Core Mining Concessions in full force and effect, shall pay all fees and other payments payable in connection with the continuation therewith, and shall defend its right, title and interest in, to and under such Mining Concessions against any adverse or competing claim, except to the extent that the failure of such Mining Concession to be in full force and effect or the failure of the Borrower to defend its right, title and interest in, to and under such Mining Concessions against any adverse or competing claim would not be reasonably likely to have a Material Adverse Effect.
MINING CONCESSIONS. The Issuer shall keep the Core Mining Concessions in full force and effect and shall, shall pay all fees and other payments payable in connection with the continuation therewith, defend its right, title and interest in, to and under the Core Mining Concessions against any adverse or competing claim.
