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Permalink Reply by Skip Peel - Mineral Consultant 12 hours ago

SMK%20Li%20Concentrations%20and%20Test%20Well%20Locations.docx

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Permalink Reply by Skip Peel - Mineral Consultant 12 hours ago

SMK%20Li%20Rate%20of%20Return%20Per%20Royalty%20Rate.docx

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Permalink Reply by Skip Peel - Mineral Consultant 12 hours ago

SMK%20Li%20Royalty%20By%20Albemarle%20In%20Chile.docx

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Permalink Reply by Skip Peel - Mineral Consultant 9 hours ago

The objectors stated that lithium leases are being executed in E TX with royalty rates up to five times the proposed rate in AR, in some cases by at least one of the AR Big 5, but that the leases are not recorded in the public record.  The leases are "evidenced" by Memorandums of Lease which are recorded but do not include the royalty fraction.  The lessees also require their lessors (mineral owners) to execute confidentiality agreements that seek to keep them from sharing the terms of their leases.  This is an effort to keep mineral owners in the dark as to the fair market value of their brine.  State legislatures have been complicit with the industries in passing state laws that allow the industries to use memorandums even though one hundred years of mineral leasing required the recording of the full lease.  The recording of memorandums is not a effort to protect proprietary financial information.  It is an effort to take advantage of mineral owners.

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