§523 Uranium Leases

Summary

Gives the owner of a uranium lease or a pending lease application the right to put mining claims on the same land for 120 days after August 13, 1954, but only under the chapter’s rules and subject to any earlier valid U.S. rights. Any new claim is still subject to mining claims that were located before February 10, 1954 and were valid on August 13, 1954 (or later made valid under this chapter). If a lease and an application conflict, the lease owner has priority. If several applications conflict, the earlier application has priority, measured by the time a notice was posted under Atomic Energy Commission Circular 7 (10 C.F.R. 60.7(c)) if the other steps were timely done, or else by the filing time. Any claim placed under these rules ends 30 days after it is recorded unless, within those 30 days, the lease or application owner files a withdrawal or release with the Atomic Energy Commission and records notice of that in the county. Except for these special rules, a mining claim placed on land that was covered by a lease or lease application when located is not valid. A posted notice under Circular 7 makes the tract part of the application from the posting time if other posting steps were timely done, or otherwise from the filing time.