Josh

“The General Mining Act of 1872 worked in a similar way. It allowed citizens and companies to stake claims on public land. Prospectors needed to search for valuable minerals, prove a discovery, and put in at least $100 worth of labor or improvements annually. So long as they met these minimal requirements (and a few others) and paid $2.50 to $5.00 per claimed acre, they owned the minerals below and sometimes the surface land above. The claim fee has never been updated since 1872. Mining companies still extract $2 billion to $3 billion each year from public lands and pay close to nothing for the privilege.”
― Michael A. Heller, Mine!: How the Hidden Rules of Ownership Control Our Lives