The USGS reports that Uranium and Thorium are valuable elements with radioactive properties. These elements are known to exist within a variety of minerals in Belmont County.
These elements and their components are used in nuclear energy, technology, industry, medicine, research and war.
The radioactive properties of these elements are desired by many industries, groups, and nations.
The purpose of my post is to suggest that landowners consider the current market value and potential value of each resource, including the elements Uranium, Thorium, and other components and their properties which can be harvested from the surface to the center of the earth.
The informed landowner may then work with an attorney to draft a comprehensive lease which includes provisions to generate a profit from all minerals, elements, metals, chemicals, radioisotopes, ions, and gasses, etc.
According to landowner's in PA , there was so much excitement about the prospect of receiving royalties from natural gas that many did not include a provision for royalties from oil and hydrocarbons in their leasees.
Tunnel vision and pressure to sign a lease eventually created financial problems for the landowners when some oil and gas companies began 'flaming' off the gas at the well in order to harvest the oil. Nothing was paid to the landowner for the oil, and the potential profit from gas royalties went up in smoke.
According to www.world-nuclear.org/education/uranium
"Uranium is mined by in situ leaching (ISL) where it is dissolved by inserting a chemical, usually an acid, into the minerals
underground. This method causes the element uranium to combine with the acid to create a liquid which is then leached out from the surrounding minerals and pumped to the surface. The end product..is Uranium Oxide concentrate (U3O8). This is the form in which Uranium is sold.
Research can help the landowner better understand the obvious and hidden value of resources/assets. Hire an attorney to draft a comprehensive contract with specific language for profit.
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I would suggest you pose these questions to the people below. I will send you a specific contact off-list.
ODNR Division of Mineral Resources Management
For general information email your questions here.
Mineral Resources Management
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