- (1) Subject to a Royalty Rate Deduction as provided for in Rule R652-21, the Base Royalty Rate for Lithium Carbonate, Lithium Sulfate, and Lithium Hydroxide shall be 5% of gross sale proceeds for each short ton extracted, produced, processed, and sold from Great Salt Lake water or brines.
- (2) To provide a full and fair return to the state, as required by Subsection 65A-6-4(6)(a)(i), the division determines Lithium Chloride is not commercially marketable.
- (3) Any Operator desiring to produce or process Lithium Carbonate, Lithium Sulfate, and Lithium Hydroxide is not entitled to post-production deductions for any expended capital costs.
- (4) The only Royalty Rate Deduction available to Lithium Carbonate, Lithium Sulfate, and Lithium Hydroxide is expressly designated in Section R652-21-1004, Lithium Royalty Rate Deduction.
KEY: mineral extraction; Great Salt Lake.
Date of Last Change: October 8, 2024
Authorizing, and Implemented or Interpreted Law: 65A-1-4; 65A-6-2; 65A-6-4; 65A-17-102; 65A-17-201; 65A-17-202; 65A-17-203; 65A-17-302; 65A-17-303; 65A-17-304; and 65A-17-306.