I have a Brine-Sourced Mineral Lease offer in Rains County, Texas. They offered:
- 5-year lease with two (2) five (5) year options
- $200/acre for the primary term
- $200/acre for the first 5-year option period
- $500/acre for the second 5-year option period
- 2.5% lithium royalty
- 25% incidental oil royalty
I have read some comments suggesting a 3.5% lithium royalty (and making sure it is cost-free). Any further insight would be greatly appreciated!