Mineral Properties Clause Samples

Mineral Properties. (i) The Mineral Properties are held by Grandview under valid, subsisting and enforceable documents or recognized and enforceable agreements or instruments that are sufficient to permit the Purchaser to conduct exploration, development and exploitation activities thereon, subject to applicable permitting requirements; (ii) All Mineral Properties have, to Grandview’s best knowledge, been validly located, staked and recorded in accordance with all applicable laws and are valid and subsisting; and (iii) The Mineral Properties are in good standing with respect to all filings, fees, rents, Taxes, assessments, work commitments and other similar matters required with respect thereto, and there are no adverse claims or challenges outstanding or, to Grandview’ knowledge, threatened against Grandview’ right, title and interest in and to the Mineral Properties; At Closing, Grandview shall have performed all required work that is required in respect of the claims comprising the Mineral Properties or shall have paid the dollar value of the unperformed required work to the recorder and shall have filed all required reports in relation to the required work, all in accordance with The Mines and Minerals Act (Manitoba) for the period ended December 31, 2010, and required to renew the claims for the period ending December 31, 2010.

Mineral Properties. Bolañitos Mines Project El Cubo Mines Project Guanaceví Mines Project Terronera Project

Mineral Properties. Schedule 4.16.1 sets forth a true, correct, and complete list of all patented and unpatented mining claims and real estate interests and the land associated therewith (the “Mineral Properties”) held by the Company or any of its Subsidiaries and identifies which entity holds each such mining claim or real estate interest.

Mineral Properties. Section 4.16.1 of the Company Disclosure Schedule sets forth a true, correct, and complete list of all patented mining claims ("Patented Claims"), unpatented mining claims ("Unpatented Claims"), unpatented millsites ("Millsites") and tunnel sites ("Tunnel Sites;" together with the Patented Claims, the Unpatented Claims and the Millsites, collectively, the "Mineral Properties") held by the Company or any of its Subsidiaries and identifies which entity holds each such claim or site.

Mineral Properties. (a) Section 3.12(a) of the Western Disclosure Schedule lists each parcel of real property currently owned or leased by, or subject to a claim or other property, proprietary or contractual interest or right in favor of, Western and the Western Subsidiaries (the "Western Properties"). Western has provided a copy of Western and the Western Subsidiaries' title documents or other agreements or instruments in respect of the ore bodies and minerals located in the Western Properties ("Western Title Documents") to Romarco. (b) With respect to those Western Properties Western owns in fee simple, if any, Western is in exclusive possession of and owns such Western Properties free and clear of all encumbrances or defects in title, except as set forth in Section 3.12(b) of the Western Disclosure Schedule. (c) With respect to those Western Properties in which Western holds an interest under leases or other contracts, except as set forth in Section 3.12(c) of the Western Disclosure Schedule: (i) Western is in exclusive possession of such Western Properties; (ii) Western has not received any notice of default of any of the terms or provisions of such leases or other contracts; (iii) Western has the authority under such leases or other contracts to perform fully its obligations under this Agreement; (iv) to Western's knowledge, such leases and other contracts are valid and are in good standing; (v) Western has no knowledge of any act or omission or any condition on the Western Properties which could be considered or construed as a default under any such lease or other contract; and (vi) to Western's knowledge, such Western Properties are free and clear of all encumbrances or defects in title. (d) With respect to unpatented mining claims and millsites located by Western that are included within the Western Properties, except as set forth in Section 3.12(d) of the Western Disclosure Schedule, subject to the paramount title of the United States: (i) the unpatented mining claims were properly laid out and monumented; (ii) all required location and validation work was properly performed; (iii) location notices and certificates were properly recorded and filed with appropriate governmental agencies; (iv) all assessment work required to hold the unpatented mining claims has been performed and all governmental fees have been paid in a manner consistent with that required through the assessment year ending September 1, 2004; (v) all affidavits of assessment work, evidence of payment...

Mineral Properties. Borrower has good, indefeasible, record title to all Mineral Interests described in the Reserve Report, free and clear of all Liens except Permitted Encumbrances. All such Mineral Interests are valid, subsisting, and in full force and effect, and all rentals, royalties, and other amounts due and payable in respect thereof have been duly paid. Without regard to any consent or non- consent provisions of any joint operating agreement covering any of Borrower's Proved Mineral Interests, Borrower's share of (a) the costs for each Proved Mineral Interest described in the Reserve Report is not greater than the decimal fraction set forth in the Reserve Report, before and after payout, as the case may be, and described therein by the respective designations "working interests", "WI", "gross working interest", "GWI", or similar terms, and (b) production from, allocated to, or attributed to each such Proved Mineral Interest is not less than the decimal fraction set forth in the Reserve Report, before and after payout, as the case may be, and described therein by the designations net revenue interest, NRI, or similar terms. Each well drilled in respect of each Proved Producing Mineral Interest described in the Reserve Report (y) is capable of, and is presently, producing hydrocarbons in commercially profitable quantities, and Borrower is currently receiving payments for its share of production, with no funds in respect of any thereof being presently held in suspense, other than any such funds being held in suspense pending delivery of appropriate division orders, and (z) has been drilled, bottomed, completed, and operated in compliance with all applicable Laws and no such well which is currently producing hydrocarbons is subject to any penalty in production by reason of such well having produced in excess of its allowable production.

Mineral Properties. (a) Section 5.10(a) of the Romarco Disclosure Schedule lists each parcel of real property currently owned or leased by, or subject to a claim or other property, proprietary or contractual interest or right in favor of, Romarco and the Romarco Subsidiaries (the "Romarco Properties"). Romarco has provided a copy of Romarco and the Romarco Subsidiaries' title documents or other agreements or instruments in respect of the ore bodies and minerals located in the Romarco Properties ("Romarco Title Documents")

Mineral Properties. (i) The disclosure made in SFGC’s SEC Documents concerning SFGC’s Mineral Properties is complete and accurate in all material respects, except as is set forth in those NI 43-101 reports being prepared under the direction and control of Canarc; (ii) To its knowledge, SFGC has provided to Canarc all material information regarding all Mineral Properties owned, leased, or otherwise held by SFGC or the SFGC Material Subsidiary that are material to the conduct of the business of SFGC or the SFGC Material Subsidiary; (iii) Except as disclosed in SFGC’s Public Documents and in any opinions of title delivered to Canarc by R▇▇▇▇, Dickason, Sloan, Akin & R▇▇▇, P.A, any and all of the agreements and other documents and instruments pursuant to which SFGC or the SFGC Material Subsidiary hold their Mineral Properties and/or their interests and rights therein (including any interest in, or right to earn an interest in, any of their Mineral Properties) are valid and subsisting agreements, documents or instruments in full force and effect, enforceable in accordance with the terms thereof and neither SFGC or the SFGC Material Subsidiary is in default of any of the material provisions of any such agreements, documents or instruments nor has any such default been alleged. All leases, licences and claims pursuant to which SFGC or the SFGC Material Subsidiary hold their Mineral Properties and/or their interests and rights therein are in good standing in all material respects and neither SFGC or the SFGC Material Subsidiary is in default of any of the material provisions of any such leases, licences and claims nor has any such default been alleged; (iv) Other than as disclosed in SFGC’s Public Record Documents and in any opinions of title delivered to Canarc by R▇▇▇▇, Dickason, Sloan, Akin & R▇▇▇, P.A.: (A) all interests and rights in SFGC’s Mineral Properties are (i) owned or held by SFGC or the SFGC Material Subsidiary as owner thereof with good and marketable title, (ii) in good standing, valid, subsisting and enforceable under the applicable Laws of the jurisdictions in which the Mineral Properties are located, (iii) sufficient to permit SFGC or the SFGC Material Subsidiary to carry on the business currently carried on by them with respect to the Mineral Properties, and (iv) free and clear of any title defects or Liens, other than Permitted Liens; (B) none of SFGC’s Mineral Properties or any mineral rights therein is subject to any option, pre-emption right, right of first re...

Mineral Properties. Tiller and Subco have no material property, assets mineral tenures, claims or leases other than as set out in Section 4.19 of the Tiller Disclosure Schedule (the “Tiller Properties”). As of the date of this Agreement: (a) the Tiller Properties are in good standing and Tiller has not been notified by any applicable government authority or optioner of a Tiller Property that any rights to the Tiller Property will be terminated or extinguished; (b) Tiller and Subco are in compliance with, all licences, permits, certificates, orders, grants and other authorizations of or from any Government Authority necessary to conduct its business as currently conducted, in accordance with applicable Laws; (c) the Tiller Properties have been properly located and recorded in compliance with applicable Laws and comprise valid and subsisting mineral claims or equivalent rights; (d) except as disclosed in Section 4.19 of the Tiller Disclosure Schedule, there are no earn-in rights, rights of first refusal, royalty rights or similar provisions, which would materially affect the Tiller Properties; (e) there are no restrictions on the ability of Tiller or Subco to use, transfer or exploit the Tiller Properties except pursuant to applicable Laws in the normal course; and (f) all work required to be performed on the Tiller Properties has been performed and all taxes, rentals, fees, expenditures and other payments in respect thereof have been paid or incurred and all filings in respect thereof have been made.