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Frequently Asked Questions about Mining

What are the consequences if a resource issuer does not file a NI 43-101 compliant technical report?

If a resource issuer fails to file a technical report triggered under NI 43-101, Standards of Disclosure for Mineral Products, the issuer may:

  • not be able to use exemptions available under securities legislation
  • appear on the Reporting Issuers in Default List
  • be Cease Traded without notice
  • not be able to complete any prospectus financing until it files the required report.

The issuer may also face other remedial enforcement actions.

When do I need to file a technical report (Form 43-101F1) with an offering memorandum?

If your company is a mining or exploration company, you must file a current technical report (Form 43-101F1) for each of the mineral properties that are material to your company. You must file the technical reports at the same time you file or make the offering memorandum available to the public in Canada. If you previously filed a technical report that is still current, you do not have to file a new technical report. If you have any questions on technical reports, contact us.