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Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / surety-bond-application-draft.docx
surety-bond-application-draft.docx
Parties
Harkness LLP
Torchlight Mining Corp
Request Torchlight Mining Corp
Canada Business Corp
Ashgrove Services Inc
Montana LLC
Nevada LLC
Ridgeline Accounting Partners LLP
Dates
December 10, 2024
February 15, 2025
December 31, 2023
September 30, 2024
December 31, 2021
December 31, 2024
December 31, 2022
March 31, 2024
June 30, 2024
September 12, 2023
Amounts
$165,000,000
$3,052,500
$245,000,000
$80,000,000
$1.00
$0.7394
$7.6
$340.0
$251.4
$3,920.0
Obligations
The Bond type requested is an environmental remediation performance bond, which must be acceptable under the Resource Conservation and Recovery Act ("RCRA") financial assurance regulations set forth at 40 C
The Bond will be structured to satisfy the financial assurance requirements of the consent decree and must meet all regulatory standards applicable to surety instruments used for environmental remediation purposes
Specifically, the RCF provides that TMC's aggregate disclosed and undisclosed environmental liabilities shall not exceed 25% of consolidated net tangible assets ("CNTA") at any time during the term of the facility
The financial assurance must be in a form acceptable to EPA under 40 C
Part 264, Subpart H (RCRA financial assurance) and must satisfy the requirements of the financial assurance provisions of the consent decree
The financial assurance must be posted no later than September 12, 2025 (90 days after the Effective Date of the consent decree, currently anticipated to be June 14, 2025)