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ABH offers S-K 1300 reporting services to standards of excellence across the industry.

Our team has Qualified Persons in geology, mining, and processing, giving us accreditation to complete all sections of an S-K 1300 report at any stage of development.

 

S-K 1300 is a new prescribed regulation under the US Securities Act that lays out reporting requirements for various Securities and Exchanges Commission (SEC) "K" filings used by public companies. It is the final rules to modernize the SEC's mining property disclosure regime by improving the reliability of information to investors and by harmonizing disclosures with international standards.

The SEC replaced Guide 7 which was used by companies with material mining assets reporting to SEC with S-K 1300 and has been in effect since early 2021. Registrants are required to file annual reports aligned to S-K 1300, so it is important that registrants have a good understanding of S-K 1300 and its supporting guides.

Unlike Guide 7, S-K 1300 is aligned to CRIRSCO definitions and shares similarities with (but is not equal to) the Canadian equivalent NI 43-101. The biggest divergence from NI 43-101 is that S-K 1300 does not require Qualified Persons (QPs) to be independent of the registrant and that S-K 1300 permits third party firmed (like ABH Engineering Inc.) to "single sign-off", and assume liability for a Technical Report Summary (TRS).

The goal is to ensure proper disclosure:

  • Requires that public reporting of technical information is:

  • Signed off by a professional (or third party firm) who takes responsibility for the information

  • Clear, balanced, and not misleading - transparency is key

  • Understandable to a reasonably informed investor

  • Consistent in its use of standardized terms and definitions

  • Based on reasonable assumptions which are clearly explained

  • Unbiased and identifies the potential risks and uncertainties

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