Section R652-21-1002 - Final Lithium Royalty Rate and Variable Adjustments(1) After applying an applicable Royalty Rate Deduction and verifying an Operator's qualifications for a Royalty Rate Deduction, a Final Royalty Rate shall be provided to the Operator in an Operations Royalty Agreement executed with the division.(2) An Operations Royalty Agreement is required before the production, processing, and sale of any Great Salt Lake Element or Mineral.(3) A Final Royalty Rate is further subject to the Variable-Rate Royalty Schedule provided in Section R652-21-1006.Utah Admin. Code R652-21-1002
Adopted by Utah State Bulletin Number 2024-20, effective 10/8/2024