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ARTICLE · 08 JANUARY 2025

National Instrument 43-101: Royalty And Streaming Disclosure

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It is a core requirement of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) that an issuer file a technical report to support certain disclosures...

CanadaEnergy and Natural Resources
Alexander Pizale
Alexander Pizale
Gregory Hogan
Gregory Hogan
Maria Tapia
Maria Tapia
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It is a core requirement of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) that an issuer file a technical report to support certain disclosures of scientific or technical information that relate to a mineral project on a property material to the issuer. While the usual case is that a mineral project is owned or controlled by the issuer filing a report, NI 43-101 specifically contemplates that ownership is not a prerequisite for a property to be material to an issuer. As a result, the requirement to file a technical report can pose a problem for issuers who have material interests in properties that they do not own or control, such as for royalty and streaming interests, as these issuers often do not have access to the appropriate resources and information to be in a position to prepare and file a technical report to support the scientific or technical disclosure that they are required to disclose.

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