Development of Recommendations for Improvement of the Industrial Mineral Sector

Industrial minerals are an important part of the economy in British Columbia, however, this sector faces several serious challenges due to lack of a national instrument for industrial minerals. “National Instrument 43-101 (NI 43-101)” is a rule developed by the Canadian Securities Administrators (CSA) and administered by the provincial securities commissions that govern how issuers disclose scientific and technical information about their mineral projects to the public. It covers oral statements as well as written documents and websites. It requires that all disclosure be based on advice by a "qualified person" and in some circumstances that the person be independent of the issuer and the property”. There is currently no national instrument available for industrial minerals. Thus, the objective of this project is to develop recommendations for the development of NI-43-101 (Industrial Minerals sector), based on a case study of an existing industrial minerals scenario. This research will help provide groundwork for the development of such a National Instrument.

Faculty Supervisor:

Dr. Michael Hitch

Student:

Pooya Mohseni

Partner:

Electra Gold Ltd.

Discipline:

Engineering

Sector:

Mining and quarrying

University:

University of British Columbia