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ARTICLE · 24 JUNE 2014

Mining Securities In Quebec?

It is common practice in Quebec to consider that the registration of a hypothec against a mining claim is sufficient to render such hypothecs opposable against third parties.

CanadaEnergy and Natural Resources

First published on canadianminingjournal.com May 2013.

It is common practice in mining law in Quebec to consider that the registration of a hypothec against a mining claim at the Register of Real and Immovable Mining Rights ("Mining Registry") is sufficient to render such hypothecs opposable against third parties. This practice, however, may need to be reconsidered.

Section 8 of the Quebec Mining Act provides that mining claims and other mining rights are immovable real rights. As such, it is possible to register these mining rights at the Register of real rights of State resource development ("the Resource Register") which is part of Quebec's land registry system. Section 10 of the Mining Act goes on to say, however, that mining claims (and certain other mining rights) are exempt from registration at the [land] registry office. It should be noted that, as provided by Section 14 of the Mining Act, a registration at the Mining Registry is only opposable against the

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