5 unchanged sentences
Global capital markets continue to experience increased volatility in response to global events such as the significant increase in the rate of inflation in recent years, and the effects of certain countermeasures taken by central banks including increased interest rates.
−Removed: Future economic crises may be precipitated by any number of causes, including natural disasters, epidemics (such as the COVID-19 virus pandemic), geopolitical instability and war (such as the Russian invasion of Ukraine and the current escalating Israel-Palestine conflict), the failure of financial institutions, terrorism, material changes in the price of oil, the volatility of metal prices, and the volatility of global financial markets.
+Added: Future economic crises may be precipitated by any number of causes, including natural disasters, epidemics (such as the COVID-19 virus pandemic), geopolitical instability and war (such as the Russian invasion of Ukraine and the Israel-Palestine conflict), the failure of financial institutions, terrorism, material changes in the price of oil, the volatility of metal prices, and the volatility of global financial markets.
Continued increased levels of volatility or a sudden or rapid destabilization of global economic conditions could negatively impact our ability to obtain equity or debt financing or to make other suitable arrangements to finance our Idaho-Maryland Mine Project which, in turn, could have a material adverse effect on our operations and financial condition.
10 unchanged sentences
We may not benefit from some of these investments if we are unable to identify commercially exploitable mineral reserves.
−Removed: In addition, the Company may incur significant legal costs going forward should it decide to litigate in pursuit of protecting its property rights under both California State and US Federal Law, including asserting its 5 th Amendment Rights under the US Constitution and other due process rights under the 14 th Amendment of the United States Constitution, amongst other legal remedies that are available to the Company.
+Added: In addition, the Company may incur significant legal costs going forward should it decide to litigate in pursuit of protecting its property rights under both California State and US Federal Law, including asserting its 5 th Amendment Rights under the US Constitution and other due process rights under the 14 th Amendment of the U.S.
+Added: Constitution, amongst other legal remedies that are available to the Company.
Our ability to obtain necessary funding for these purposes, in turn, depends upon a number of factors, including the status of the national and worldwide economy and the price of metals.
50 unchanged sentences
We do not ultimately have direct control over how we are perceived by others and reputational damage could adversely affect our operations and financial condition.
+Added: We rely on information systems which may become subject to security threats.
+Added: We have entered into agreements with third parties for hardware, software, telecommunications and other information technology ("IT") services in connection with our operations.
+Added: Our operations depend, in part, on how well we and our suppliers protect networks, equipment, IT systems and software against damage from a number of threats, including, but not limited to, cable cuts, natural disasters, terrorism, fire, power loss, hacking, phishing schemes, computer viruses, vandalism, fraud and theft.
+Added: Our operations also depend on the timely maintenance, upgrade and replacement of networks, equipment, IT systems and software, as well as pre emptive interventions and expenditures to mitigate the risks of failures and other IT system disruptions.
+Added: Any of these and other events could result in information systems failures, delays and increases in capital expenses and which would negatively impact the Company's ability to operate.
+Added: The failure of any part of our information systems could, depending on the nature and degree of any such failure, adversely impact our reputation and results of operations.
+Added: Our risk and exposure to these matters cannot be fully mitigated because of, among other things, the evolving nature of these threats.
+Added: As a result, cyber security and the continued development and enhancement of controls, processes and practices designed to protect our systems, computers, software, data and networks from attack, damage or unauthorized access remain a priority.
+Added: As cyber threats continue to evolve, we may be required to expend additional resources to continue to modify or enhance protective measures or to investigate and remediate any security vulnerabilities.
Increasing attention to environmental, social, and governance (ESG) matters may impact our business.
69 unchanged sentences
We are subject to significant governmental regulations that affect our operations and costs of conducting our business and may not be able to obtain all required permits and licenses to place our properties into production.
−Removed: Mining operations on the I-M Mine Property are a vested use, protected under the California and federal Constitutions, and a use permit is not required for mining operations to continue.
+Added: We believe that mining operations on the I-M Mine Property are a vested use, protected under the California and federal Constitutions, and that a use permit is not required for mining operations to continue.
The Company owns the I-M Mine Property, consisting of 175 acres of surface land and a 2,560 acre mineral estate, located in the County.
Before the I-M Mine Property was consolidated into its current configuration in 1941, it existed as multiple historical mines and operations.
−Removed: For the vested right to be recognized by the County, the Company needs to demonstrate the fact that mine operations were being conducted both before and immediately after the County first required a permit to mine in 1954.
+Added: For the vested right to be recognized by the County, the Company needs to demonstrate that mine operations were being conducted both before and immediately after the County first required a permit to mine in 1954.
The Petition and its exhibits are replete with historical evidence that mining was conducted at the I-M Mine Property prior to, during, and after 1954, when the County first required a use permit.
−Removed: Once vested, this right to mine endures unless it is abandoned, which has not occurred.
+Added: Once vested, this right to mine endures unless it is abandoned, which the Company contends has not occurred.
Abandonment only occurs if two conditions are met:
6 unchanged sentences
On September 6, 2023, the Company submitted a Petition to the County asserting its vested right to mine at the I-M Mine Property.
−Removed: The Board of Supervisors will hold a public hearing regarding the Company's Petition on December 13 and 14, 2023.
−Removed: While the Company understands that it has sufficient evidence to support its vested rights position, there is no assurance that the County will recognize it.
+Added: The Board of Supervisors held a public hearing regarding the Company's Petition on December 13 and 14, 2023.
+Added: The Board of Supervisors denied recognition of the Company's assertion of its vested right.
+Added: There is no assurance that the Courts to which we propose to appeal this determination will recognize the Company's rights.
As previously applied by the Company, under the Use Permit process, the Company's operations, including exploration and, if warranted, development of the I-M Mine Property, require permits from governmental authorities and will be governed by laws and regulations, including:
18 unchanged sentences
On February 20, 2024, the Company announced that the Nevada County Board of Supervisors adopted a resolution in a public hearing on February 16, 2024 (the "Hearing"), denying the Company's application for a Use Permit to allow the re-opening of the Idaho Maryland Gold Mine and not certifying the Final Environmental Impact Report.
−Removed: With respect to the denial of recognition of the vested rights and the denial of the grant of the Use Permit, consider including the Company's intention to litigate with the caveat that there is no assurance that litigation will result in a positive outcome for the Company.
The Use Permit application proposes underground mining to recommence at the I-M Mine Property at an average throughput of 1,000 tons per day.
141 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.