There are various forms of mineral tenure in Alberta, including prospecting licenses, mining leases and freehold lands.
Alberta is one of three Canadian jurisdictions which feature a “Crown discretion” system for the granting of mining leases.
There are various methods by which investment in a mineral project can be made or by which a mining project may be acquired.
For example, an investor may acquire an interest in some or all of a more advanced exploration or mining project through the acquisition of individual mineral tenure or rights, the purchase of assets, shares or partnership interests, or through a joint venture or earn in arrangement.
Regardless of the method of acquisition, due diligence is critical to understanding the nature and value of, and the risks associated with, the investment or project to be acquired.
Comprehensive and accurate due diligence provides investors (and their lenders) with the information necessary to understand the opportunities and risks associated with the project.
For mining projects in particular, due diligence is critical to understand risks associated with mineral tenure and environmental and remediation issues and requirements.
A comprehensive due diligence process can provide significant additional input and value.
With a diverse team of real property, mining and transactional lawyers spreading across the country, we have a unique strength in identifying and managing risks associated with mining projects in Canada.
For more information on how we can assist you in the diligence process of any and all stages of your project, please contact us directly.
Aboriginal Affairs and Northern Development Canada is modernizing the way that mineral claims are acquired in Nunavut.
This change will allow licence holders to acquire mineral rights using a web-based system which includes an interactive map, a pre-defined grid and an on-line shopping cart to pay fees.
In order to implement this new system, regulatory amendments to the Nunavut Mining Regulations are required.