The interim collective agreement, concluded on June 19 between Brock University and the Brock University Faculty Association (BUFA), was ratified by both parties. The new collective agreement was concluded after two months of productive discussions between the EU`s negotiating committees and the university. Land La Bufa is a large land that includes four concessions (La Bufa, La Bufa 1, La Bufa 2 and El Chapito) that cover 2,311.1 hectares. Lincoln Mining initially entered into a mandatory correspondence agreement with Almaden Minerals Inc. („Almaden“) on La Bufa Property in 2005 and entered into a joint venture agreement with Almaden in 2007. On November 25, 2009, Lincoln Mining announced that it had entered into an agreement with Almaden Minerals Inc. („Almaden“) to purchase 100% of the La Bufa property under the approval of TSX Venture Exchange. The new agreement replaces the previous joint venture agreement that allowed Lincoln to gain a 60% stake in La Bufa. Under the new agreement, Lincoln purchased 100% of the shares by spending 6 million shares of Lincoln Mining in Almaden and by granting a 2% NSR to La Bufa`s production. Lincoln has the option to buy the NSR 1% in a year after the decision to put the property into production.
The fair market price for the purchase of the NSR is set by an independent consultant. In February 2010, Lincoln entered into the contract to sell La Bufa. During this hearing, the employment agency found that the university, having rejected THE BUFA`s assertion that it was a union, had to first answer the following question: Is BUFA a union? In a decision of June 16, 1977, the Board of Directors decided that „BUFA is not a union; that it is not a collective agreement if it is followed by a teaching mandate for the administration of the faculty. Following this shutdown, BUFA launched a certification trip in September 1977. The application for certification was filed with the employment agency on October 17, 1977. Pending a favourable certification judgment, Dennis Oleson and Gerald Neufeld have brought together existing collective agreements from other universities across Canada. They tried to include the best features of the old faculty – letter of administration and these other agreements in the first proposed draft collective agreement. In March 2011, Lincoln and Elgin Mining Inc. („Elgin Mining“ or „Elgin“) entered into an exploration financing agreement that granted Elgin the exclusive right and opportunity to acquire up to 60% of the undivided shares in the La Bufa property by financing $1 million in exploration expenses for La Bufa over a two-year period prior to participating in the project. In September 2012, Lincoln announced that it had terminated the Letter Agreement due to non-compliance with certain obligations under the Elgin Mining agreement.