Mineral Tenures definition

Mineral Tenures has the meaning given to such term in the Royalty Agreement;

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Mineral Tenures means the mining claims, mineral claims, leases, concessions or other forms of mineral tenure described in Schedule I attached hereto and includes any extension of time or renewal thereof and any permits, licenses or other interests in minerals or rights to occupy, use, exploit, operate or extract minerals therefrom;

Mineral Tenures means the mineral claims, mining leases, mining licenses, coal licenses, coal leases, recorded claims, leased claims, leases of recorded claims, locations, quartz claims, placer claims, placer leases, undersurface rights and other mining rights, tenures and concessions of which the Seller is the recorded holder related to the Purchased Assets.

Examples of Mineral Tenures in a sentence

• The Tŝilhqot’in Nation and ▇▇▇▇▇▇ will meet in person to negotiate the value of the Mineral Tenures and other exchanges of value, in good faith, commencing no later than 60 days following the delivery of the Valuation Affidavit, or following the delivery of the Tŝilhqot’in Nation’s valuation if it elects to provide one.

• An overarching purpose of this Agreement is to resolve the enduring conflict between the Parties in relation to the Mineral Tenures and establish a positive and collaborative path to address the Parties’ respective interests in the Teztan Area.

• The Parties further agree that the fact that the Parties are contemplating or working towards the long-term conservation of the Mineral Tenures Area will be treated confidentially in accordance with the provisions of Article 18.

• Notwithstanding the foregoing, the deemed pursuit of the Tenure Continuation Path does not limit the ability of the Province and the Tŝilhqot’in Nation to continue the Planning Process for the Mineral Tenures Area (including, if applicable, for the later selection and implementation of the Conservation Path).

• Notwithstanding the Province’s attendance or participation in any meetings pursuant to Section 2 of this Schedule, the Parties agree that the Tŝilhqot’in Nation and Taseko are not required to take the Province’s views into account in determining, nor is the Province’s agreement required in order to determine, the value of the Mineral Tenures.

• The Parties agree that the amounts of the Promissory Note Discharge Amount have no relevance to the determination of the value of the Mineral Tenures under, and will not be considered as part of the process contemplated by, this Schedule.

• No later than 150 days following ▇▇▇▇▇▇’s receipt of the Conservation Path Notice that the Province and the Tŝilhqot’in Nation have chosen to pursue the Conservation Path, Taseko shall deliver to the Tŝilhqot’in Nation an affidavit which proposes a value for the Mineral Tenures and includes a description of the valuation methodology, and any other information Taseko determines, acting reasonably, is relevant to the determination of value (the “Valuation Affidavit”).

• The amount payable to Taseko for the relinquishment of its interests in the Mineral Tenures (the “Conservation Payment Amount”) will be equal to 85% of the agreed value of the Mineral Tenures minus the Promissory Note Discharge Amount.

• The Parties agree that the Conservation Path Closing Plan must be consistent with the implementation provisions of the Declaration of Trust and must not provide for a conservancy or other long term land designation to be imposed on the Mineral Tenures Area without payment of the Conservation Payment Amount.

More Definitions of Mineral Tenures

Mineral Tenures or “claims” means unpatented lode mining claims; “NOI” means a notice of intent;

Mineral Tenures means the mineral claims and mining leases listed and depicted in Schedule A, together with any present or future mineral claims, mining leases, or other mining rights resulting from renewal, extension, modification, substitution, amalgamation, succession, conversion, demise to lease, renaming or variation of any of those mineral claims and mining leases or any additional mining rights deriving from those mining rights (whether granting or conferring the same, similar or any greater rights and whether extending over the same or a greater or lesser domain);

Mineral Tenures means the mineral tenures in the Province of British Columbia as more particularly described and set out in Schedule "B" attached hereto;