Compliance with National Instrument 43-101 (NI 43-101) is critical for mining companies, especially those in the junior mining and exploration sector. To avoid non-compliant technical disclosures, companies must exercise caution when sharing information in public forums. These forums include company websites, presentations, fact sheets, press releases, social media, management discussion and analysis, and annual information forms. Any technical disclosure that fails to meet the standards set by NI 43-101 and Form NI 43-101 can expose the company to regulatory risks. Specifically, non-compliance can result in the company being placed on a default list for violations such as failure to file a required technical report under section 4.2 of NI 43-101, or for submitting technical disclosures and other reports that do not adhere to the mandated disclosure requirements. Therefore, mining companies must be diligent in ensuring that all public communications align with regulatory standards to avoid potential sanctions and reputational harm.
Figure 1. Two key mistakes that could potentially place your company on the commissioner’s default list.
In the worst-case scenario, the company could be forced to cease trading until all required documents are filed. But what if you could avoid non-compliant disclosure issues altogether, allowing you to focus on what truly matters—driving exploration success and increasing shareholder value? We will identify potential areas of concern that could trigger regulatory action and provide proactive solutions to resolve these issues before they escalate.
If you would like to discuss our services, please contact us at (604) 720-9971 or by email at info@okargeo.com