FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / force-majeure-excusable-delay-memo.docx
force-majeure-excusable-delay-memo.docx · 1039-00003

Parties

HARKNESS LLP
Torchlight Mining Corp
Goss LLP
Consolidated Copper Corp

Dates

January 3, 2025
November 8, 2024
December 16, 2024
January 18, 2024
May 15, 2024
July 30, 2024
October 21, 2024
December 14, 2025
June 14, 2027
June 14, 2055

Amounts

$343.5
$31.5
$18.1
$12.0
$4.8
$409.9
$1,500
$3,000
$5,500
$198.6

Obligations

The government's draft provides that EPA shall have sole discretion to determine whether TMC has satisfactorily demonstrated that a force majeure event has occurred and that the delay qualifies for relief
For example, the Ridgecrest Remedial Action Work Plan is due December 14, 2025, but EPA must review and approve the Work Plan before TMC can proceed to the construction phase (construction commencement is required by June 14, 2027)
We recommend a provision stating that if entry of the consent decree is delayed beyond the target date, all milestone deadlines shall be automatically extended by a period equal to the period of delay in entry
We recommend clarifying that TMC shall also provide concurrent notice to the applicable state environmental agency for events affecting sites within that state's jurisdiction — i
Stipulated penalties shall be tolled (i
If the force majeure claim is ultimately denied, stipulated penalties shall accrue from the original deadline, but TMC shall receive credit for the period during which the claim was pending and being reviewed in good faith — i