Production Royalty. A production royalty on Leased Minerals which shall be Two Dollars and 50 Cents per ton ($2.50/ton) of ore removed from or mined and processed upon the Leased Property. The Production Royalty will be applied towards the annual minimum royalty of $5,000.00 on an annual basis.
Appears in 3 contracts
Samples: Mining Lease Agreement (Utah Clay Technology Inc), Mining Lease Agreement (Utah Clay Technology Inc), Mining Lease Agreement (Utah Clay Technology Inc)
Production Royalty. A production royalty on Leased Minerals which shall be Two Dollars and 50 Cents per ton ($2.50/ton) of ore removed from or mined and processed upon the Leased Property. The Production Royalty will be applied towards the annual minimum royalty of $5,000.00 on an annual basis.
Appears in 2 contracts
Samples: Mining Lease (Utah Clay Technology Inc), Exploration for Mining and Mineral Development Lease (Utah Clay Technology Inc)
