Wisconsin Mineral Exploration Bond Guide
If you’re applying for a nonferrous mineral mining exploration license in Wisconsin, you’ll need this surety bond.
Bond Overview
- Purpose: To cover the costs of reclaiming a mineral exploration drilling site
- Who Needs It: All nonferrous mineral mining exploration licensees in Wisconsin
- Regulating Body: The Wisconsin Department of Natural Resources
- Required Coverage: $5,000
- Premium Rate: $50–$500, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Wisconsin Nonferrous Metallic Mineral Exploration Bond?
A Wisconsin nonferrous metallic mineral exploration bond ensures that anyone drilling on a parcel of land in the state upholds license requirements.
The bond amount can cover potential costs to restore drilling sites if the site is not properly reclaimed.
How Much Do Nonferrous Metallic Mineral Exploration Bonds Cost?
Wisconsin nonferrous metallic mineral exploration bonds cost a small percentage of the $5,000 coverage amount, typically $50–$500.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Nonferrous Metallic Mineral Exploration Bond?
The Wisconsin Department of Natural Resources (DNR) requires this bond as part of the licensing process for nonferrous mineral mining explorers in the state.
You’ll also need the $5,000 bond if you hire contract drillers to explore on your behalf.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Wisconsin exploration license bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the Wisconsin DNR as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Wisconsin Mineral Exploration Bond Work?
A nonferrous metallic mineral exploration bond creates a legal contract between these three parties:
- Principal: You, the explorer filing the bond
- Obligee: The Wisconsin Department of Natural Resources requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Wisconsin Statutes § 293.21.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your nonferrous metallic mineral exploration bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
