How to Attend: The seminar is complimentary. Please register for it by Tuesday, June 10, 2025 to secure your place. RSVP via Eventbrite (click HERE) if you are interested in attending it.
For its Wednesday, June 11, 2025, Discussion Group seminar, CIM’s Management and Economics Society is pleased to welcome:
Alexander Pizale
Partner in the Business Law Group and Co-Chair of the Environmental, Social & Governance (ESG) Group at Cassels
and
Maria Tapia
Associate in the Business Law Group at Cassels
who will deliver an online presentation on:
National Instrument 43-101: Approach to Multiple Economic Scenarios in One Technical Report
Abstract:
This presentation examines the challenges and regulatory considerations surrounding the reporting of multiple economic scenarios within a single technical report under National Instrument 43-101 (NI 43-101). It begins by outlining the purpose and key elements of NI 43-101, emphasizing its role in ensuring transparency and reliability in mineral disclosure. The discussion covers the various types of economic studies—preliminary economic assessments, prefeasibility studies, and feasibility studies—and highlights the strict prohibition against including multiple economic scenarios in a single report. While this restriction aims to prevent misleading disclosures, it creates complexities for projects with satellite deposits, phased development plans, or evolving scopes.
The presentation further explores how companies navigate these challenges, particularly when re-scoping advanced-stage projects to account for market shifts or operational constraints. The potential risks of non-compliance and inadequate reporting are discussed, including the consequences when projects face unforeseen obstacles or fail to meet investor expectations. By addressing both regulatory limitations and practical workarounds, this session provides insight into how mining companies can manage economic scenario disclosures while maintaining compliance and investor confidence.
About our presenters:
BIO: Alex Pizale is a partner in the Business Law Group and Co-Chair of the Environmental, Social & Governance (ESG) Group at Cassels. He practices corporate and securities law with a focus on mining law and related commercial transactions, including expertise with streaming, option and joint venture arrangements. Alex also has extensive experience in advising issuers with respect to National Instrument 43-101 – Standards of Disclosure for Mineral Projects. In addition to mining, he represents clients in a wide variety of industries, including real estate, cannabis, technology, blockchain and cryptocurrency. He acts as counsel to clients at all stages, from private startups to large-cap public companies and investment banks in a wide range of domestic and cross-border transactions, including business combinations, takeover bids, corporate finance and stock exchange listings. He also advises issuers with respect to general corporate and securities law matters, including commercial agreements, continuous disclosure (including ESG), compensation plans, corporate governance, and stock exchange-related matters.
BIO: Maria Tapia is an associate in the Business Law Group at Cassels. She is a corporate and securities lawyer with a focus on the mining industry. Maria acts for a broad range of clients across a diverse set of industries, particularly mining companies of all sizes and investment dealers. Prior to joining Cassels, she was an associate at a leading Toronto-based full-service law firm.
Please join us!
Wednesday, June 11, 2025, at 3:30pm ET (12:30pm PT)
Sponsored by:
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