This is an agreement where the Owner represents and warrants present ownership of an undivided possessory mineral interest in and to the described lands. Owner grants to Operator the right, for a term, to conduct any and all operations undertaken in connection with the exploration for oil, gas and/or other minerals on, across, and/or through the described Lands.
Minnesota Permit Agreement for Minerals
Category:
State:
Multi-State
Control #:
US-OG-685
Format:
Word;
Rich Text
Instant download
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How to fill out Permit Agreement For Minerals?
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FAQ
Mineral rights are ownership rights that allow the owner the right to exploit minerals from underneath a property. The rights refer to solid and liquid minerals, such as gold and oil. Mineral rights can be separate from surface rights and are not always possessed by the property owner.
USGS partners with Minnesota to map critical mineral potential with cutting-edge data Cobalt, used in rechargeable batteries and superalloys. Manganese, used in steelmaking and batteries. Nickel, used to make stainless steel, superalloys and rechargeable batteries. Platinum group elements, used in catalytic converters.
Owners of subsurface rights can receive royalty, lease, and shut-in payments. Commonly applied in the oil and gas industry, shut-in payments are royalties paid by the oil and gas company to the lessor to maintain a lease on currently unproductive mineral assets.
Another mine planned in the state is Talon Metals' facility that would be located to the south of the Iron Range and the Arrowhead region, near the small Aitkin County town of Tamarack. The Tamarack mine would mainly produce nickel, but also copper, cobalt and perhaps other minerals.
Minnesota leads in iron ore production and is a major producer of construction and industrial sand and gravel and peat. It produces crushed stone, dimension stone, lime, and natural gemstones.
The value of mineral rights per acre differs from state to state. Typically, the price ranges from $100 to $5,000 per acre in several states. In Texas, the average price per acre for non-producing mineral rights is usually between $0 and $250 per acre, as a general guideline.
Minnesota leads in iron ore production and is a major producer of construction and industrial sand and gravel and peat. It produces crushed stone, dimension stone, lime, and natural gemstones.
The State of Minnesota is the largest single owner of mineral rights, controlling around 24% of all rights and managing these for the benefit of the permanent school and university trust funds and local taxing districts. The vast majority of minerals in the state, however, are owned by private parties.