Regulatory Alerts2018-12-26 | 2018-26337Added · Updated
Modernization of Property Disclosures for Mining Registrants
The Securities and Exchange Commission adopted final rules to modernize property disclosure requirements for mining registrants by rescinding Industry Guide 7 and relocating regulations to a new subpart of Regulation S-K. These amendments align U.S. standards with global CRIRSCO practices, requiring qualified persons to assess mineral resources and reserves using reasonable pricing and feasibility studies to enhance investor understanding. The rules mandate specific disclosure formats for exploration results and technical reports, with full compliance required for fiscal years beginning on or after January 1, 2021.
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