No Obligation to Mine or Process. Subject to the Agreement, Grantor will have sole discretion to determine the extent of its operations on or for the benefit of the Royalty Property and the time or the times for development, mining, stockpiling, processing and selling products produced from the Royalty Property and the suspension or resumption of any operation with respect thereto. Grantor will have no obligation to Grantee (in its capacity as the holder of this royalty) or otherwise to mine, explore or to conduct any other operation on any of the Royalty Property.
Appears in 2 contracts
Samples: Option Agreement (JR Resources Corp.), Option Agreement (Dakota Territory Resource Corp)
No Obligation to Mine or Process. Subject to the Agreement, Grantor will have sole discretion to determine the extent of its operations on or for the benefit of the Royalty Property and the time or the times for development, mining, stockpiling, processing and selling products produced from the Royalty Property and the suspension or resumption of any operation with respect thereto. Grantor will have no obligation to Grantee Grantees (in its capacity as the holder of this royalty) or otherwise to mine, explore or to conduct any other operation on any of the Royalty Property.
Appears in 2 contracts
Samples: Option Agreement for Purchase and Sale of Real Property (JR Resources Corp.), Option Agreement for Purchase and Sale of Real Property (Dakota Territory Resource Corp)
