Mining Projects definition
Examples of Mining Projects in a sentence
The scientific and technical information set forth in the Registration Statement and the Prospectus relating to the Mining Projects is based upon information prepared by or under the supervision of, or approved by, a “qualified person” (as such term is defined in Regulation S-K 1300).
The Mining Rights in respect of the Mining Projects constitute all material Mining Rights in which the Company has a beneficial interest.
Where appropriate, the annual Work Program and Budget must be aligned with Minimum Work Obligations and Mining Projects.
The Company and the Subsidiaries maintain, and reasonably expect to maintain, a good relationship with all Governmental Authorities in the jurisdictions in which the Mining Projects are located, or in which such parties otherwise carry on their business or operations.
The Purchase Consideration was arrived at on a willing-buyer and willing-seller basis, after taking into account, inter alia, factors such as the preliminary findings of the Independent Valuers, the development status, unique mineral properties and specific location characteristics of the Exploration and Mining Projects.
Except as contemplated by this Agreement, from the Reference Balance Sheet Date to the date hereof and as of the Closing, (a) the Company has conducted the Business and the Mining Projects in the ordinary course, (b) there has not occurred any event or events, change, developments in the Business, the Mining Projects, operations, assets, liabilities or condition that, individually or in the aggregate, would have a Material Adverse Effect.
In each case free and clear of all exceptions to title and all encumbrances that would interfere with the operation of the Mining Projects.
All Consents and Governmental Approvals necessary for, or otherwise required to, the conduct of the Business and the exploration, exploitation and operation of the Mining Projects, including, without limitation, explosives, water, land, social security and environmental Consents and Governmental Approvals, have been obtained and are validly held by the Company and are in full force and effect except where the failure to so obtain or be in full force and effect would not have a Material Adverse Effect.
The Company is, and at all times has been, in compliance with all Consents and Governmental Approvals held or required to be held by such Company in connection with the operation of the Business and the Mining Projects, except where the failure to do so would not have a Material Adverse Effect.
Borrower shall ensure that no less than seventy percent (70%) of the funds loaned by Lender pursuant to this Agreement are spent on the costs directly associated with permitting, constructing, or operating one or more Mining Projects under the full or partial ownership or control of any member of the Corvus Group.