Mineral Property Clause Samples
The Mineral Property clause defines the specific rights and interests related to mineral resources on a given property. It typically outlines which minerals are covered, the geographic boundaries of the property, and the parties entitled to explore, extract, or profit from these resources. For example, it may specify whether rights include oil, gas, precious metals, or other minerals, and clarify any limitations or obligations tied to their extraction. This clause is essential for establishing clear ownership and usage rights, thereby preventing disputes over mineral exploitation and ensuring all parties understand their entitlements and responsibilities.
Mineral Property. ▇▇▇▇▇▇ shall be responsible for the satisfaction, discharge, fulfillment, observance, performance and payment of all liabilities whatsoever in respect of Mineral Property, which are to be satisfied, discharged, fulfilled, observed, performed or paid, from and after the date hereof, and ▇▇▇▇▇▇ shall indemnify and save Franco harmless from and against any losses suffered or incurred by Franco by reason of the failure of ▇▇▇▇▇▇ to perform or pay any of such liabilities referred to in this Section 7.1 and for which ▇▇▇▇▇▇ is responsible under applicable law and otherwise as provided in this Agreement.
Mineral Property. Client and Consultant agree that in the event Consultant makes Client aware of a mineral property, including Gold Properties and REE Properties (hereafter the “Property”) and in the event Client subsequently acquires an interest in the Property and is the operator of geological exploration and development programs conducted thereon, Client agrees to offer to utilize the services of Consultant on the Property, to conduct mineral exploration and any other such services as Consultant is qualified to provide, at commercially competitive rates, for two calendar years following the acquisition date of the Property. Nothing in this section or in this Agreement shall preclude Client from utilizing the services of its in-house and/or contract staff to assist in mineral exploration of the Property. This section of this Agreement shall survive expiration or termination of this Agreement and will terminate one calendar year following the expiration or earlier termination of this Agreement.
Mineral Property. Gold Bottom Mining Claim
Mineral Property. (i) The Owners are in possession of the Mineral Property and owns 100% of the undivided legal and beneficial interest in and to each mining concession comprising the Mineral Property and except for the Permitted Encumbrances the Owners have good and marketable title in and to, or valid and subsisting interests in the Mineral Property and has the legal authority to hold such interests in the Mineral Property.
(ii) Except as disclosed in Schedule D, no person has any back-in rights, earn-in rights, rights of first refusal, rights of first offer, option rights, royalty rights or similar rights or provisions in respect of the Mineral Property, other than Governmental Bodies pursuant to Applicable Law.
(iii) The Owners and Parent have paid when due and payable all required mining duties (Pagos de Derechos), fees or other amounts and satisfactorily expended all annual investments (Obras y Trabajos) required by law and regulation to maintain in good standing all mining concessions, rights, and interests necessary for the exploration and exploitation of the Mineral Property and to preserve the Owners’ right to explore and exploit the same.
(iv) There are no adverse claims, actions, suits or proceedings that have been commenced or, to the knowledge of the Owners or Parent, that are pending or threatened, affecting or which could affect the Owners, Parent, the Mineral Property or the Royalty.
(v) The Owners and Parent have not received from any Governmental Body or any other person any notice in respect of any threat or intention to not issue or renew any governmental authorization or other authorizations, approvals, orders, rulings, certificates, consents, directives, notices, licences, permits, variances, registrations or other rights required by the Owners or Parent in connection with the Mineral Property. Without limiting the generality of the foregoing: the Owners and Parent have not received any notice of any cancellation proceeding or decision to cancel any or all of the mining concessions comprising the Mineral Property, and they do not have knowledge of any cancellation proceeding pending or threatened against or affecting any or all the mining concessions comprising the Mineral Property or of any discussions or negotiations which could reasonably be expected to lead to any such cancellation proceeding.
(vi) The Owners have all leases, licenses, rights of way, rights to use, surface rights, easements or other real property interests that are required to con...
Mineral Property. (a) Save as disclosed in the Public Disclosure Record, a Group Company has good title to the material assets of the Group that are disclosed in the Public Disclosure Record, free and clear of all material Encumbrances.
(b) The Material Mineral Property and the related applicable Property Rights are accurately described in the Public Disclosure Record.
(c) All assessments or other work required to be performed in relation to the Property Rights in order to maintain each Group Company’s respective interests therein, if any, have been performed to date and each Group Company has complied in all material respects with all applicable governmental laws, regulations and policies in this regard as well as with regard to legal, contractual obligations to third parties in this regard and all Property Rights are in good standing in all material respects.
(d) There are no legal claims or actions with respect to indigenous rights currently outstanding, or to the knowledge of the Company, threatened or pending, with respect to the properties of the Group. To the knowledge of the Company, there are no material land entitlement claims having been asserted or any legal actions relating to indigenous issues having been instituted with respect to the properties of the Group, and no material dispute in respect of the properties of the Group with any local community or indigenous group exists, has been threatened or is imminent.
Mineral Property. Pursuant to an option agreement dated January 5, 2004, the Company has the right to acquire a 100% interest in certain mining claims located in the Kamloops Mining Division of British Columbia, Canada for $10,000 (paid), the issuance of 200,000 shares of the Company’s common stock (issued) and incurring exploration and expenditures of $100,000 in various stages by October 2005. As the claims do not contain any known reserves, the acquisition costs were expensed during the period ended January 31, 2004. The mineral property claims expire February 19, 2005.
Mineral Property. Pursuant to an option agreement dated January 5, 2004, the Company has the right to acquire a 100% interest in certain mining claims located in the Kamloops Mining Division of British Columbia, Canada for $10,000 (paid), the issuance of 200,000 shares of the Company’s common stock (issued) and incurring exploration and expenditures of $100,000 in various stages by October 2005. As the claims do not contain any known reserves, the acquisition costs were expensed during the period ended January 31, 2004. The mineral property claims expire February 19, 2005. On December 18, 2003, the Company issued 2,000,000 shares of common stock at a price of $0.001 per share under Regulation S of the Securities Act of 1933 for total proceeds of $2,000. On January 5, 2004, the Company issued 200,000 shares of common stock at a price of $0.01 per share under Regulation S of the Securities Act of 1933 in conjunction with the signing of an option agreement for certain mining claims. On January 16, 2004, the Company issued 3,600,000 shares of common stock at a price of $0.01 per share under Regulation S of the Securities Act of 1933 for total proceeds of $36,000.