Common Contracts
1 similar Safekeeping Agreement contracts
WHAT IS A SAFEKEEPING AGREEMENT?Safekeeping Agreement • June 12th, 2019
The Safekeeping Agreement document, along with a supporting Guarantee Investment Certificate (GIC), forms a Reclamation Security that is required by the Ministry of Energy, Mines and Low Carbon Innovation (EMLI) and is governed by the “Mines Act”. EMLI requires that the original (typed or clearly printed) Safekeeping Agreement be signed by the Applicant(s) and their Financial Institution, and then forwarded to EMLI for approval and execution. THIS DOCUMENT IS NOT VALID UNTIL IT HAS BEEN APPROVED AND SIGNED BY THE MINISTRY. EMLI retains the original, and sends copies to both the Applicant(s) and their Financial Institution.
