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Why don’t the mining companies just file their own mining claims.
They do. The mining companies file mining claims all the time.
However, the U. S. Mining Law allows any U. S. citizen or U. S. company in good
standing to file for a mining claim. It is a matter of knowing where to file. This is where
good geology comes into play and this is why we are unique in offering this
opportunity. We have a track record of finding uranium in the Prospect Area.
Can I personally file a mining claim?
Yes. As mentioned above anyone qualified may file for mining claims but if you
do not know what you are doing you probably should leave it to those who do.
There are claims you will not want. There are no guarantees on any mining claim.
So, we try to take as much guess work out of the process as possible and get the
best mining claims we can.
Can I use the mining claims for anything I want?
No. The mining claims are for exploration for precious minerals. The mining claims are on public land and you are just claiming
it for exploration and mining. You cannot use the surface except for mining
related purposes.
How long are the mining claims valid?
Federal mining claims are valid from the time of filing with the BLM and paying
the filing fees until the next September 1st at which time a yearly
maintenance fee has to be paid. On or before each subsequent September 1st
there is yearly maintenance fee of $175.00. Production does not tow the yearly
charges as happens with oil and gas leases. There are no extensions on mining
claims and if the maintenance fees are not paid timely the mining claims are
lost.
Do you share in the royalties?
Yes. We share in the royalties and bonuses equally 50/50 with you. We have years
of time, money and effort in prospecting and learning the geology in the area.
Because of our expertise and past success we feel we have the best opportunity
to find the best mining claims now. We are willing to share our expertise and
experience with you for your participation in paying for the claims.
Are there any taxes on the mining claims?
Not taxes as such but yearly maintenance fees as mentioned above.
What other obligations do I have?
None beyond the upfront mining claim acquisition fee and the yearly maintenance
fee. We help negotiate the agreements with a mining company and manage the
mining claims for you at no further costs to you.
What are my tax consequences?
We do not offer any tax or legal advice. However, we believe the benefits to
investors are many and quite attractive. First, we believe the entire expense of
an investment is tax deductible in the year the investment is made. Secondly, we
believe the investor receives a tax deduction for a prorate share of the
depletion allowance of 22% against any income they may have upon sale of the
claims and each year of production that royalties are paid. Please consult with your tax and legal
counsel to verify the current status of any tax benefits in your situation.
Do you offer any guarantees?
Yes. We guarantee we will use our best efforts to get you the most favorable
mining claims based on the availability, funding and prospects at the time. You
can get all your money back until we have commenced filing for the claims at
which time it becomes nonrefundable.
Do you stay in the deal to help?
Yes. We hold the mining claims title for you and as your representative we will
receive any inquiries from mining companies. We will communicate any and all
offers to you and we will negotiate the best deal for both of us. There will not
be any charges or fees for this additional service.
What are your privacy policies?
We hold all client matters in the strictest of confidence. We will not divulge
any information about you to anyone unless directed by a Court Order.
What are my chances of making money?
Good. We know there is uranium in our Prospect Area. We assume uranium is going
to be a very necessary commodity over the next few decades. However, the mining
business is extremely difficult and the likelihood of success is normally quite
small. However, we feel we have an advantage of knowledge, experience and
expertise that should reduce our risks considerable. Unfortunately nothing can be guaranteed or implied as a guarantee of
success.
Do I make money when you find a mining company?
Normally, Yes. A mining company usually pays an upfront fee to drill on the
mining claims. This money usually repays the costs of staking, filing and
maintaining the mining claims. We will help negotiate this payment along with a
royalty payment as part of our service.
Are there still mining opportunities in the U.S.?
Absolutely! The U. S. has untold precious mineral opportunities yet to be
discovered. In spite of all you may read about the difficulties in the mining
industry, the U.S. is still a great place to do business. The western states are
especially open and friendly to mining interest since they make much of their
tax revenues from mining operations. Utah is one of those states and we are
fortunate to have our prospect in Utah.
Can I buy more mining claims any time I want.
Yes. You can join our team and buy mining
claims on a continuing basis. We will stake the best mining claims we can for
you based on our best efforts.
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