Utah proposes mining industry workgroup to address critical minerals opportunities

The UGS Board Meeting held on April 16, 2025, in Utah focused on significant issues related to the state's mining industry and legislative developments. One of the key discussions centered on a resolution that emphasizes Utah's rich mining history and its potential for critical minerals. The resolution also recommends the formation of an industry working group to further explore these opportunities.

Stephanie Mills, the Metelliferous Minerals Geologist, reported on her outreach efforts to Senator Milner regarding a critical minerals report. This initiative aims to educate potential allies about the importance of critical minerals in Utah, highlighting the state's strategic resources.

Another major topic was the failure of Senate Bill 247, which proposed amendments to the severance tax revenue. The bill aimed to increase the severance tax percentage from 2.5% to 5%, but it was ultimately reduced to 3.5% and did not pass on the Senate floor. Concerns from the Utah Petroleum Association were noted, particularly regarding the impact on state general funds. Ricky, a representative from the association, expressed worries that the proposed changes would detract from funding available for other programs.

The discussion also touched on the Department of Natural Resources (DNR) concerns about the overall funding picture, suggesting that there may be uncertainty about the actual financial needs of the state moving forward.

In conclusion, the meeting underscored the ongoing challenges and opportunities within Utah's mining sector, particularly in relation to critical minerals and legislative support. The board's next steps will likely involve continued advocacy for the mining industry and further discussions on funding strategies.