Mineral rights refer to the legal ownership of the minerals and other subsurface resources beneath a particular land parcel. Acquiring mineral rights involves understanding the legal framework, conducting thorough research, and following specific steps to secure ownership.
Owning mineral rights offers several advantages. It allows individuals or companies to explore, extract, and sell valuable minerals, potentially generating significant revenue. Additionally, mineral rights can serve as a long-term investment, appreciating in value as demand for natural resources increases.