H.R. 10934: American Minerals Royalty and Investment Act of 2026

This bill would change how hardrock mineral extraction is taxed and regulated in the United States. It would require mining operations for hardrock minerals to pay royalties of 7% to 10%, depending on the circumstances. For mines that already have permits, the new royalty system would not take effect all at once; instead, it would be gradually phased in over a 10-year period.

The money collected from these royalties would be directed into a reinvestment fund. That fund would be used for several purposes, including:

• supporting states and tribes affected by mining,
• funding conservation efforts, and
• providing grants for domestic processing of critical minerals.

The bill would also restrict certain foreign involvement in hardrock mineral projects. It would bar foreign entities of concern from holding mining claims, leases, or ownership interests in these mineral rights or operations.

Relevant Companies

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