Laserfiche WebLink
JUI\ 2020 D..—ROO1—191A170238 <br /> T RANIUM MINING LLASF <br /> ('NITfiD S-1 ATES DI.PARTMI'M OF F.\IAWY <br /> HIS LFASL AGRLEMI.\f.effective as ofthis 6"'daN of Jul\.2020,by and bet\\een the T NFI ED STA I FS <br /> OI AMERI( A (hereinalter"(Io\ernnicnt"),acting by and through the C NITED SIA FES DEPARTAWNT OF <br /> LNERGY(hereinafter"DOF"),whose principal place of husiness lot the purpose of this Lease is 2597 Legacy <br /> Way.Grand Junction.Colorado. 81%3 and Cotter Corporation whose principal place of business for the purpo,c <br /> of this Lease is 7800 Last Dorado Place,Suite 210,Greemsood Villap_e,Colorado 80111 (hereinafter <br /> "Lessee"): WFIF.RE'AS, DOE represents that it i, in possession of certain Government-owned uranium pining right, <br /> in San Miguel County,Colorado, more particularly described as Lease Tract ( -SR-I I in Appendix A,\vhich is <br /> attached hereto and incorporated herein(the"Property");and. <br /> \\HFRLAS,this Lease is authorised by Section 67 of the Atomic Lnergy Act of'1954,as amended and is issued <br /> puiSuant to the provisions of DOL's regulationS goventing the issuance of lease, lot-mining deposits of uranium in <br /> lands held by DOE(Title 10 Cozle of 11-etleral Rei�ulunurrA Section 760.1 (10 C F R 760.1 1. <br /> \O\\.THLREFORE, in consideration of the mutual covenants herein.the parties do herehy agree as follows: <br /> I GRANT OF LEASE. <br /> For considerations hereinafter Stated and performance by the Lessee of the terms and conditions <br /> hereinafter prodded. DOF,does hereby lease the Property ("Property"),as described in \ppendi\ A.vv-Iich is <br /> attached hereto and incorporated herein,to the Lessee, for the purpose,of c\ploring for.de\eloping.mining,and <br /> renxw ins deposits of uranium.%anadium.and associated minerals. \\ith rasonab.e due diligence, skill and care as <br /> required to achieve and maintain production ol'uranium,vanadium and associated minerals at rates consistent with <br /> "ood and sate raining practices and with market conditions The rights hereby granted are limited to e\plolation, <br /> development,mining.and renimal ofore from within the vertical planes of the houndary lines of the Property.and <br /> the Lessee shall have no right to extend its�\orkirws beyond such vertical plane, Access to the Property is not <br /> guaranteed by the Government. The Lessee shall be responsible for securing such access\kith the owner <br /> I I. [LR,\-I. This Lease shall remain in effect for a period often(10)years from the Effective Date,except as <br /> it may be sooner relinquished or cancelled pursuant to other provisions ofthis Lease.\car the end of that 10-year <br /> period, DOE will reevaluate this Lease to determine whether the Lease should contirue. <br /> — I -- <br />