30 U.S.C. § 282 : US Code - Section 282: Leases to permittees of lands showing valuable deposits; royalty

Search 30 U.S.C. § 282 : US Code - Section 282: Leases to permittees of lands showing valuable deposits; royalty

Upon showing to the satisfaction of the Secretary of the Interior
that valuable deposits of one of the substances enumerated in this
subchapter has been discovered by the permittee within the area
covered by his permit, and that such land is chiefly valuable
therefor, the permittee shall be entitled to a lease for any or all
of the land embraced in the prospecting permit, at a royalty of not
less than 2 per centum of the quantity or gross value of the output
of potassium compounds and other related products, except sodium,
at the point of shipment to market, such lease to be taken in
compact form by legal subdivisions of the public land surveys, or
if the land be not surveyed, by survey executed at the cost of the
permittee in accordance with regulations prescribed by the
Secretary of the Interior.