Modification of an exclusive exploration right

The conversion, replacement and amalgamation of exclusive exploration rights (EER) designated on a map enable their holder to enjoy the benefits of the Mining Act and its amendments. The process is conducted with a presumption against interference with vested rights, regardless of the mechanism.

Conversion enables to replace staked exclusive exploration rights by one or more map-designated exclusive exploration rights whose boundaries are shown on the official mining titles map. The holder obtains a uniform distribution of excess work on a pro rata basis to the areas of the new map-designated exclusive exploration rights that they retain.

Replacement allows a holder to replace its exclusive exploration rights designated on a map with other exclusive exploration rights designated on a map whose lands correspond to the boundary determined by the government. The parameters of the map-designated exclusive exploration rights obtained through a replacement are defined by the rules governing conversion in a territory that is not surveyed.

Amalgamation allows the holder to replace map-designated exclusive exploration rights occupying parts of the same cell with a new map-designated exclusive exploration right. The parameters of the new map-designated exclusive exploration rights obtained through amalgamation are defined by the rules governing conversion in a territory that is not surveyed.

The request for conversion, replacement or amalgamation may be initiated by the holder or government. It does not suspend the validity period or release the holder from the obligations relating to their exclusive exploration rights.