Mineral Royalty Buy With Ebt
Description
How to fill out Oil, Gas And Mineral Royalty Transfer?
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FAQ
The Crown owns 81% of the mineral rights (approximately 53.7 million hectares of land). * Homesteaders or Freehold Landowners have the responsibility to pay Freehold Mineral Tax on revenue derived from production.
A solid black circle on your property indicates that you own the mineral rights; a half circle means that the Crown or a third party owns them. A title search at the land registry will also confirm separation of mining and surface rights.
WHO OWNS THESE MINERAL RIGHTS? In Canada, property owners generally hold the surface rights, while mineral rights are usually owned by the provincial government.
A quick overview of the differences between mineral rights and royalty interests shows a mineral interest is a real property interest obtained by severing the minerals from the surface and a royalty interest grants an owner a portion of the production revenue generated.
The Certificate of Title from Alberta Land Titles will specify which minerals are held by the owner, if any. Gold and silver as well as surveyed water bodies and streams are always reserved to the Crown. Freehold mineral leases are negotiated bilaterally between the owner and the company.
