Thank you, Mr. Speaker. The federal government has never charged rental rates on significant discovery licences, provided there was a significant discovery declaration in place when the STL was issued. Among the terms and conditions tied to exploration licences, a 25 percent work bid deposit was paid and drilling activity was required in order to maintain the licence for a full term. Interest holders are also required to pay rentals in the second period of an exploration licence as part of a condition to hold an exploration licence for nine years. Thank you, Mr. Speaker.
Wally Schumann on Question 669-18(3): Significant Discovery Licences
In the Legislative Assembly on March 8th, 2019. See this statement in context.
Question 669-18(3): Significant Discovery Licences
Oral Questions
March 8th, 2019
Page 5304
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