Utah Admin. Code R652-21-1006 – Lithium Variable-Rate Royalty Schedule

(1) The Final Royalty Rate shall be a Variable-Rate Royalty.
(2) A Variable-Rate Royalty applicable to Lithium Carbonate, Lithium Sulfate, or Lithium Hydroxide shall be adjusted quarterly.
(3) The Variable-Rate Royalty Schedule is as follows:
TABLEFinal Royalty RateAverage Sale PriceBase RateNon-Evaporative Rate< $20,0005.0%2.5%$20,000 - $35,0007.5%5.0%$35,001 - $45,00012.5%10.0%$45,001 - $55,00017.5%15.0%$55,001 - $65,00022.5%20.0%> $65,00027.5%25.0%

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.