Who might buy your mineral rights
Posted on Monday, January 9th, 2017 at 9:38 am
Selling mineral rights is much more different than selling most items or property. It goes further than having someone pay for the item and transferring the title of ownership. When you sell your mineral rights, you are transferring all your rights to use the minerals in or underneath the property—excluding use to the buildings or surface—to the buyer. Here are some types of mineral rights buyers:
- Mining companies – Mining companies purchase mineral rights for future reserve or for mineral extraction. They conduct the production several years after the date purchase and sometimes even later.
- Investors – This type of buyer usually doesn’t intend to conduct the mineral extraction themselves. They are simply buying the property as an investment and will then sell it to a mining company, who will be the one to operate in the extraction.
Owners who are new in the industry and are planning to sell or lease their mineral rights in Austin can take advantage of the services of our team of professionals at The Mineral Auction. Our experienced and knowledgeable staff can assist you and help you get a better understanding of your options. Get in touch with us today at (512) 698-2802 for more information.
