Title 30 — Mineral Lands and MiningRelease 119-73

§1425 Relinquishment, surrender, and transfer of licenses and permits

Title 30 › Chapter CHAPTER 26— - DEEP SEABED HARD MINERAL RESOURCES › Subchapter SUBCHAPTER I— - REGULATION OF EXPLORATION AND COMMERCIAL RECOVERY BY UNITED STATES CITIZENS › § 1425

Last updated Apr 6, 2026|Official source

Summary

License or permit holders may give their license or permit back to the Administrator at any time without penalty, or give up all or part of their rights to do exploration or commercial recovery under it. A license or permit can be transferred on written request only if the new holder is a U.S. citizen and the Administrator first finds the transfer is in the public interest and that the new holder and the planned activities meet the chapter’s rules.

Full Legal Text

Title 30, §1425

Mineral Lands and Mining — Source: USLM XML via OLRC

(a)Any licensee or permittee may at any time, without penalty—

(1)surrender to the Administrator a license or a permit issued to the licensee or permittee; or

(2)relinquish to the Administrator, in whole or in part, any right to conduct any exploration or commercial recovery activities authorized by the license or permit.

(b)Any license or permit, upon written request of the licensee or permittee, may be transferred by the Administrator; except that no such transfer may occur unless the proposed transferee is a United States citizen and until the Administrator determines that (1) the proposed transfer is in the public interest, and (2) the proposed transferee and the exploration or commercial recovery activities the transferee proposes to conduct meet the requirements of this chapter and regulations issued under this chapter.

Reference

Citations & Metadata

Citation

30 U.S.C. § 1425

Title 30 — Mineral Lands and Mining

Last Updated

Apr 6, 2026

Release point: 119-73