Licensing

We are a clean-technology company with unique mineral leases in the Uinta Basin in Utah. Our primary mission is to use our technology to develop the organic-rich ore and inter-bedded strategic mineral resources in the Uinta Basin and enable the energy transition to net-zero CO2.

Our objectives are to utilize our technology to develop projects on our own leases, and to support licensees in determining their own path forward. The following points should be viewed as a “How To” guide for potential licensees.

Initial Steps for a License

    1. Desktop review of potential resource (no field work)
      1. How rich is the resource?
        1. Is the resource amenable to density beneficiation technology?
        2. Does the resource contain valuable trace or interlayered elements or minerals?
      2. How deep is the resource? What is the stripping ratio?
      3. How thick is the zone that averages at least 20 gallons/ton by Fischer Assay?
      4. What is the ownership of the resource? Who has the surface rights?
      5. What is the nature of access to the resource and to infrastructure?
    2. Secure access to the resource
    3. Plan and execute core drilling program
    4. Chemical and physical characterization of the shale on the drilled cores (Fischer Assay, chemical and minerology analysis, density analysis)
    5. 10-lb reactor test to characterize volume and quality of oil produced
    6. Submit a pre-development plan

License Requirements

To be issued a license, one must provide the following:

  • Site-specific resource identified and access secured
  • Pre-development plan, including:
    • Preliminary resource assessment
    • Permitting overview and timeline
    • Timeline to first production
    • Financial model
    • Financing plan
    • Personnel plan
  • A license will require the payment of a license fee plus a revenue royalty

How We Can Help

  • Resource work:
      • Introductions to geotech firms
      • Provide sample resource reports
      • Access to our resource characteristics data and experience
      • Consultations with our technical staff
    • Ore analysis (See Lab Capabilities under Technology)
    • Introductions to current licensees
    • Introductions to engineering support companies
    • Provide rough estimates of time and cost to advance a project