Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / surety-bond-execution-version.docx
surety-bond-execution-version.docx
Parties
Torchlight Mining Corp
PURSUANT TO AND IN SA
Canada Business Corp
Ashgrove Services Inc
M. Best Company
Harkness LLP
Dates
February 15, 2025
February 19, 2025
May 15, 2025
June 14, 2025
June 14, 2026
March 15, 2027
February 10, 2025
Amounts
$165,000,000.00
$3,052,500.00
$198,600,000
$134,900,000
$42,800,000
$34,100,000
$63,200,000
$47,100,000
$38,900,000
$29,000,000
Obligations
References in this Bond to "Obligee" shall mean the EPA, and where the context permits, shall also include DOJ ENRD and the co-plaintiff states identified above, each acting within its respective jurisdictional authority
Pursuant to Section IV of the Consent Decree, the "Effective Date" of the Consent Decree shall be thirty (30) days after the date of entry, which is anticipated to be June 14, 2025
All payments made by the Surety under this Bond shall reduce the penal sum by the amount of each such payment
In no event shall the aggregate of all payments made by the Surety under this Bond exceed the penal sum of One Hundred Sixty-Five Million and 00/100 Dollars ($165,000,000
IF the Principal faithfully performs all such remediation obligations in accordance with the Consent Decree, and if all conditions for termination of the Consent Decree are met, then this Bond shall be null and void and of no further force or effect
OTHERWISE, this Bond shall remain in full force and effect, subject to the terms and conditions set forth herein