- (1) Upon the division's approval of a Feasibility Application, the Operator shall obtain a Sampling Royalty Agreement from the division.
- (2) Except for an agreement providing for a royalty rate for extraction of a Great Salt Lake Element or Mineral entered into before May 3, 2023, an Applicant shall pay a minimum royalty of $5,000 per month as the Sampling Royalty Rate.
- (3) A Sampling Royalty Agreement shall terminate upon the occurrence of any event specified in Section R652-21-503.
- (4) Any Great Salt Lake Element or Mineral extracted or produced under a Sampling Royalty Agreement shall be accounted for and not sold until execution of an Operations Royalty Agreement.
- (5) Any Great Salt Lake Element or Mineral extracted or produced under a Sampling Royalty Agreement may be utilized by third parties for testing and evaluation.
- (6) The Sampling Royalty Rate shall be paid to the state within 30 days of the end of each fiscal quarter.
- (7) An Applicant shall, in compliance with Subsection 73-3-8(3), file a copy of its Sampling Royalty Agreement with the Division of Water Rights.
- (8) A Sampling Royalty Agreement does not vest an Applicant with any rights pertaining to an Operations Royalty Agreement.
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.