Regulatory Alerts2023-06-09
Regulation 43-101 Respecting Standards of Disclosure for Mineral Projects
The Quebec securities regulator issued Regulation 43-101 to establish mandatory standards for the disclosure of scientific and technical information regarding mineral projects by issuers. The regulation requires that all such disclosures be prepared or approved by a qualified person and strictly defines mineral resources and reserves using CIM standards while restricting the reporting of inferred resources and historical estimates. It further mandates the filing of technical reports in connection with specific public documents, such as prospectuses and acquisition circulars, to ensure transparency and accuracy for investors.
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