Nunavut Mining Regulations

Marginal note:Requirements for transfer of recorded claim or lease

• 66 (1) The transfer of a recorded claim or a lease of a recorded claim or an interest in either of them may be recorded only if

  • (a) the transfer is made to a licensee;

  • (b) if the transfer is of a recorded claim, a request for recording of the transfer is made by the claim holder in the prescribed form to the Mining Recorder and is signed by the claim holder and the transferee;

  • (c) if the transfer is of a lease,

    • (i) a request for recording of the transfer is made by the lessee in writing to the Mining Recorder and is signed by the lessee and the transferee, and

    • (ii) the rent and any interest on it is paid;

  • (d) the applicable fee set out in Schedule 1 is paid to the Mining Recorder.

• Marginal note:Transfer of lease includes claims

  (2) The transfer of a lease includes the transfer of the recorded claims to which the lease applies.

• Marginal note:Condition on transfer within mining property

  (3) The transfer of a lease or a recorded claim either of which is part of a mining property may be recorded only if security in the amount of any unpaid royalties in relation to the mining property has been deposited with the Minister.