2021-01-28_REVISION - M1977451 - Laserfiche WebLink

Home Browse Search

July 2020 DE- ROOI-191_A170233 (i) 1 ranium Lcasin` Program"or"(1.1" mean,that program whereby DOI LM administrates uranium mining leases on withdrawn land under the Atomic Lnen y Act of 1946.as amended. (j) "Royalty' means any payment based on the value or volume ofproduction which is due to the United States or any minimum royalty owed to the 1'nited States under any pro\is ion of this Iease. (k) "Royalty Bid Payment"means the anwunt of rotiaIty per tin ton oforc deIi\cred front the Property to a mill or other receiving station, in the amount of 13.73 percent(13.73 '%o)of'the aloe pc dry ton. determined as provided in paragraph (g)of Appendix B to this Lease. (1) "Royalty Payment" means the annual amount of royalty as specified tit this Lease or in applica:tle leasing reeulations that the Lessee must pay as specified in Appendix 13 to this Iease. (tit) Article titles and headings, as used throughout this Lease.are inserted fur com entence only,and ,hall not he deemed to be a part of this Lease or considered in construing this I ease. IV GENERAL PERFORMANCE RLQUIREMEA 1'. 1 he Lessee shall conduct all acts ities in accordance with appIicahle statutes and regulations, i lie]uding but not limited to 10 C.I .R. 760.1,and the terms and conditions of this Lease and with consideration occurrent market conditions. Furthernl0re,the Lessee,hall conduct exploration.de\,elopment.and mining acti\,ities on the Property with all reasonable diligence,ski11.and care.as is required to systematically ad\ance lease operations toward,and ultimately achieve and maintain, production of uranium ore consistent with good and safe mining practice. Reasonable diligence shall be assessed by DOF,at its sole discretion on the basis of the Lessce's ongoing lease actin itie,or the lack thereof. Site permitting actin ities end the performance of cultural resource surveys and threatened and endangered Species uu-vey S shall he reported to and accepted by DOE as evidence supporting reasonable diligence in a timely manner to facilitate federal reporting tequirements. In addition,when requested by DOE. Lessee shall assist and support DOE tit gathering and providing• information in a timely manner to facilitate any NI:PA requirements,requests,anal}sin.and'or conclusions. Such request will be in writing from DOE and w ill specifi a tinuframe for w Itch Lessee shall reply. V. ROYALTIES.The Lessee shall pay or cause to be paid,as directed by the DOL,the royalties specified in Appendix B,which is attached hereto and incorporated herein,at the sates and in the manne! set forth therein. VI. IN'TFRFS'I ON OVE7RDUE PAYMENTS—FORFF'.H L RI I'OR NON-PA Y,NIEN 1. (a) .all amounts that become pm ahlc by the l essee to the Govetnntent under this Lease shall beat- simple interest from the date elite until paid. unless paid within thirty (30)days of'becoming due. I he interest rate shall he establi,+ted b� DOL(on a quarterly basis a,re(Iuired)a,the Federal Short-Ierm Rate(applied to and