Utah Admin. Code R652-21-1003 - Royalty Rate for Lithium Produced Exclusively Through Secondary Recovery Processes
(1) An Operator may
submit a Secondary Recovery Royalty Application to the division demonstrating
the Operator's Secondary Recovery Process:
(a) will, based on reasonable belief, produce
a marketable product; and
(b) will
not use water or brine from Great Salt Lake, or any hydrological connection
thereto, in the processing and production of a Great Salt Lake Element or
Mineral and, therefore, has No Negative Impact to the Biota and Chemistry of
Great Salt Lake.
(2)
Upon approval of a Secondary Recovery Application, the division shall enter
into a Secondary Recovery Royalty Agreement with the Operator.
(3) The royalty rate in a Secondary Recovery
Royalty Agreement for Lithium Carbonate, Lithium Sulfate, or Lithium Hydroxide
shall be the Non-Evaporative Royalty Rate.
(4) The Secondary Recovery Royalty Rate is
further subject to the Variable-Rate Royalty Schedule provided in Section
R652-21-1006.
Notes
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