61. Subject to the special rules in the first paragraph of section 83.3 that apply to the conversion of exclusive exploration rights into map designated exclusive exploration rights, the first term of an exclusive exploration right expires three years after the exclusive exploration right is registered.
The Minister shall renew the exclusive exploration right for a term of two years provided the holder of the exclusive exploration right(1) has applied for the renewal of the exclusive exploration right before its date of expiry. An application for renewal must be filed using the form supplied by the Minister and must contain the information determined by regulation;
(2) has paid the fee prescribed by regulation;
(3) has complied with this Act and the regulations throughout the previous term of the exclusive exploration right and, in particular, has performed and reported on the work required under section 72;
(4) has met any other renewal requirement prescribed by regulation.
An application for renewal that has been transmitted even though the holder of an exclusive exploration right has failed to comply with one of the conditions set out in subparagraphs 1 and 2 of the second paragraph is not admissible for consideration.
An exclusive exploration right registered in favour of the State remains in force for the period and on the conditions determined by the Minister, who may dispose of it for the price and subject to the conditions determined by the Government.
If all or part of an exclusive exploration right lies within a mining-incompatible territory, sections 73 and 75 to 78 do not apply to renewals after the delimitation of that territory.
1987, c. 64, s. 61; 1999, c. 40, s. 178; 1998, c. 24, s. 32; 2003, c. 15, s. 16; 2013, c. 32, s. 28; 2021, c. 352021, c. 35, s. 5211; 2024, c. 362024, c. 36, s. 2811.