Alaska Quitclaim Deed for Mineral / Royalty Interest
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How to fill out Quitclaim Deed For Mineral / Royalty Interest?
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FAQ
A claimant with an unpatented mining claim enjoys an exclusive possessory right in the surface land and the underlying mineral deposits, but the United States retains fee title in the land.
How do you Stake a Mining Claim? Find an area of interest. Your first step will be to determine where to search for mineral deposits. ... Conduct a land status search. ... Map your location and determine your claim type. ... Stake the ground. ... File Notice of Location(s). ... Pay Your Fees.
In Alaska, claims and sites can also be recorded with the BLM district office located in Fairbanks. County: State laws require filing the original location notice or certificate in the county recorder's office, county clerk's office, or borough office.
If your claim is located on BLM land, you must consult with the BLM Geologist in the appropriate BLM office which manages the public land. The BLM will then set forth the requirements and make a determination of your request. Before occupancy you need to receive approval from the BLM.
It is considered real property, though you don't actually own anything but the mineral rights. Congress and the BLM have severely undermined the 1872 Mining Act that created mining claims, but bold and creative prospectors are still making money on their mining claims.
Mining claims are a tangible asset and show proof of all interests in minerals in the area. They can be bought, sold or used as collateral, just like any other piece of real estate.
A mining claim is a parcel of land for which the claimant has asserted a right of possession and the right to develop and extract a discovered, valuable, mineral deposit. This right does not include exclusive surface rights (see Public Law 84-167).
Recording ? A quitclaim deed must be filed in the Recorder's District where the property is located. There is usually a fee associated with the filing and it is recommended to bring a blank check or contact the recorder before your arrival.
