Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / draft-financial-statement-footnote.docx
draft-financial-statement-footnote.docx
Parties
Harkness LLP
Ridgeline Accounting Partners LLP
Torchlight Mining Corp
Background Torchlight Mining Corp
Canada Business Corp
Dates
February 28, 2025
December 31, 2024
January 18, 2024
February 19, 2025
March 21, 2025
May 15, 2025
September 15, 2022
June 14, 2020
April 7, 2025
April 28, 2025
Amounts
$14.3
$3.8
$198.6
$187.5
$224.0
$134.9
$42.8
$34.1
$63.2
$47.1
Obligations
The Consent Decree establishes the following key remediation milestones, among others: • Ridgecrest Copper-Molybdenum Mine: The Remedial Action Work Plan is required to be submitted to EPA and the State of Montana for review and approval no later than December 14, 2025 (180 days after the Effective Date)
Remedy construction is required to commence no later than June 14, 2027 (two years after the Effective Date)
• Gallatin Chemical Works: A Corrective Measures Study ("CMS") is required to be submitted to EPA and MDEQ for review and approval no later than June 14, 2026 (one year after the Effective Date)
(j) Financial Assurance Arrangements Under the Consent Decree, the Company is required to establish and maintain financial assurance in the aggregate amount of $245
0 million, which must be made no later than September 12, 2025
The environmental liability covenant provides that the Company's aggregate disclosed and undisclosed environmental liabilities shall not exceed 25% of the Company's consolidated net tangible assets ("CNTA") at any time