I have a Brine-Sourced Mineral Lease offer in Rains County, TX. 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!