New Mexico Notice of Claim of Mineral Interest for Dormant Mineral Interest is a legal document used to assert ownership or interest in mineral rights that have been dormant or inactive for a certain period of time. This notice is typically filed by individuals or entities who believe they have a rightful claim to these dormant mineral interests. Keywords: New Mexico, Notice of Claim, Mineral Interest, Dormant Mineral Interest, ownership, legal document, inactive, individuals, entities, rightful claim, period of time. Different types of New Mexico Notice of Claim of Mineral Interest for Dormant Mineral Interest may include: 1. Individual Claim: This type of notice is filed by an individual who asserts the ownership or interest in dormant mineral rights on a specific property. The claimant provides all necessary details regarding their ownership, including supporting documentation and proof of the dormancy period. 2. Corporate Claim: It is a notice of claim filed by a corporate entity or business that believes it has a valid claim to dormant mineral interests in a particular area. This claim usually includes information about the company's legal standing, its history of mineral rights ownership, and any relevant supporting documentation. 3. Succession Claim: A succession claim is filed when an individual or entity wishes to inherit or transfer the dormant mineral rights. This notice of claim details the succession process, including legal documentation proving the transfer of ownership or interest and evidence of the period of dormancy. 4. Contested Claim: In some cases, multiple parties may assert a claim to the same dormant mineral interests. A contested claim notice is filed when there is a dispute or conflict over the ownership or interest in these minerals. It typically includes supporting arguments, evidence, and documentation to support the claimant's case. It is important to consult with an attorney or legal professional familiar with New Mexico mineral rights laws while preparing and filing a Notice of Claim of Mineral Interest for Dormant Mineral Interest to ensure compliance with the relevant regulations and processes.
New Mexico Notice of Claim of Mineral Interest for Dormant Mineral Interest
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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.
As a mineral rights value rule of thumb, the 3X cash flow method is often used. To calculate mineral rights value, multiply the 12-month trailing cash flow by 3. For a property with royalty rights, a 5X multiple provides a more accurate valuation (stout.com).
STATE LAND OFFICE: If the minerals are owned by the state, you can contact the State Land Office Minerals Program at (505) 827-5743, and this website for Lease Information ? Minerals. An Internet search for ?who owns the mineral rights to my property? will provide links to information.
Any person or persons desiring to locate a mining claim upon a vein or lode of quartz or other rock in place bearing gold, silver, cinnabar, lead, tin, copper or other valuable deposit must distinctly mark the location on the ground by four substantial posts or monuments, one at each corner of the claim, so that its ...
The purposes of the New Mexico Mining Act [69-36-1 to 69-36-20 NMSA 1978] include promoting responsible utilization and reclamation of lands affected by exploration, mining or the extraction of minerals that are vital to the welfare of New Mexico.
Steps in locating a mining claim Locate the claim (discovery) Staking the claim. File the mining claim at the county courthouse and state BLM office. Contact appropriate federal and state agencies to inquire about regulations for exploration, obtaining exploration and mining permits.
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.
Dormancy periods in New Mexico for common property types include: Wages or Payroll: One year. Checking Accounts: Five years. Money Orders: Seven years.