Section R652-21-1000 - Lithium Base Royalty Rate(1) Subject to a Royalty Rate Deduction as provided for in Rule R652-21, the Base Royalty Rate for Lithium Carbonate, Lithium Sulfate, and Lithium Hydroxide shall be 5% of gross sale proceeds for each short ton extracted, produced, processed, and sold from Great Salt Lake water or brines.(2) To provide a full and fair return to the state, as required by Subsection 65A-6-4(6)(a)(i), the division determines Lithium Chloride is not commercially marketable.(3) Any Operator desiring to produce or process Lithium Carbonate, Lithium Sulfate, and Lithium Hydroxide is not entitled to post-production deductions for any expended capital costs.(4) The only Royalty Rate Deduction available to Lithium Carbonate, Lithium Sulfate, and Lithium Hydroxide is expressly designated in Section R652-21-1004, Lithium Royalty Rate Deduction.Utah Admin. Code R652-21-1000
Adopted by Utah State Bulletin Number 2024-20, effective 10/8/2024