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Hansen property History Originally known as Cyprus Hansen under CYPRUS MINES CORPORATION. Hansen was named for James G. Hansen, Cyprus' former senior vice president for mineral exploration. The Hansen Property is comprised of 2,560 acres of fee simple. These lands cover four sections: Sections 21, 22, 27 and 28 of Township 17 S, Range 73 W, 6th P. Meridian, Fremont County, Colorado. Back in 1978, Cyprus estimated reserves at the site were about 30 million pounds.
Chain of Ownership based on my research and Not Official. In 1978 49% in the property to Wyoming Mineral Corp leaving them with 51% ( The 51% was subsequently transferred to South T-Bar Ranch LLC, See below ). 1979 Amoco (Standard Oil Co. of Indiana) had acquired Cyprusabandon the Hansen project , which had a price tag of $225 million.In 1996 NZ Uranium LLC bought Wyoming Mineral Corp.’s interest in the Hansen Property and that interest was subsequently transferred to NZ Uranium LLC. Sometime after October 1998 South T-Bar Ranch LLC acquired Amoco (Standard Oil Co. of Indiana) / CYPRUS MINES CORPORATION’S 51% interest of the Hansen Property.Hansen Property – Location and Access per Quincy Energy Corp · DEF 14A · For 6/27/06 The Hansen Property is comprised of 2,560 acres of fee-simple lands of which NZ Uranium, LLC maintains a 49% interest. These lands cover four sections: Sections 21, 22, 27 and 28 of Township 17 S, Range 73 W, 6th P. Meridian, Fremont County, Colorado. South T-Bar Ranch LLC, a property developer, owns the surface rights and the remaining 51% of the mineral rights covering the property. NZ Uranium LLC on March 18, 2005 QUINCY ENERGY CORP. in which QUINCY ENERGY CORP. could earn up to a 65% interest in three separate uranium properties, namely the Hosta Butte and McKinley properties in New Mexico and the Hansen (Tallahassee Creek) property in Colorado. On March 9, 2006 Energy Metals and Quincy executed an Agreement and Plan of Merger whereby Quincy will become a wholly owned subsidiary of Energy Metals. On Jul 11, 2006 Energy Metals Corporation Completes Business Combination with Quincy Energy Corp..And now based on the 11/05/2007 BLR has acquired an interest in the Hansen Uranium Deposit property. The question is:Have they acquired 100% of the Mineral Rights; or Have they acquired the 49% held by Energy Metals and NZ Uranium LLC ; or Have they acquired the 51% of the Mineral Rights held by South T-Bar Ranch LLC . (South T-Bar Ranch LLC holds 100% of the Surface Rights. )Again we need to wait and see what BLR announces to the Market to know for certain.
"What are “Mineral Rights?” A mineral right is a right to extract a mineral from the earth or to receive payment, in the form of royalty, for the extraction of minerals. “Mineral” may have different meanings depending on the context, and there is no universal definition. However, “mineral” generally includes: • Fossil fuels – oil, natural gas, coal… • Metals and metal-bearing ores – such as gold, copper, iron… • Non-metallic minerals and mineable rock products - such as limestone, gypsum, building stones and salt… • May also include sand and gravel, peat, marl, etc… Who Owns the Mineral Rights for a Parcel of Land? A mineral right is part of property rights and may be sold, transferred, or leased in a similar manner as other property rights. Mineral rights are distinct from “surface rights,” or the right to the use of the surface of the land for residential, agricultural, recreational, commercial, or other purposes. Mineral rights may be sold or retained separately from the surface rights, in which case the mineral rights are said to be “severed.” A person may own all of the mineral rights for a parcel or any fraction of the rights. A person may also own rights to only one kind of mineral, such as oil and gas, or to only one formation or depth interval. The ownership of the mineral rights in a parcel can usually be determined by examining the deed abstract for the property.
