Trust Lands Recommends 50-Year Valar Atomics Lease
Utah School and Institutional Trust Lands Administration Board of Trustees | State of UtahState · Salt Lake City, UT- Disclosed value
- $400,000 upfront bonus; annual rent ranging from $30 per acre during years 1-5 to $625 per acre during years 8-10, with later CPI or appraisal adjustments
- From agendapacket
- Document date
- Sep 17, 2026
- Renews
- Free account
The 30-second brief
Trust Lands Administration staff recommended a 50-year lease with Valar Atomics Inc. for up to 640 acres in Carbon County. The proposed agreement carries a $400,000 upfront bonus, escalating per-acre rent and purchase options for a nuclear-energy and advanced-manufacturing campus.
Valar Atomics Inc holds this facilities contract with Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah. Its other public contracts on record include work for Utah GOED Business Development Board | State of Utah.
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Contract details
- Contract type
- Facilities
- Amount
- $400,000 upfront bonus; annual rent ranging from $30 per acre during years 1-5 to $625 per acre during years 8-10, with later CPI or appraisal adjustments
- Document date
- September 17, 2026
- Term
- 50-year initial term with two optional 25-year extensions
- Renews
- On record
- Vendor
- Valar Atomics Inc
- Source document
- Trust Lands Administration AgendaPacket Board Meeting Materials 2026-09-17 (AgendaPacket)
Valar Atomics Inc's other public contracts
More Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah contracts
Questions about this contract
Who was awarded the facilities contract by Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah?
Valar Atomics Inc was awarded this facilities contract by Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah, as recorded on September 17, 2026. The contract value is $400,000 upfront bonus; annual rent ranging from $30 per acre during years 1-5 to $625 per acre during years 8-10, with later CPI or appraisal adjustments.
How much is the Valar Atomics Inc contract with Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah worth?
The Valar Atomics Inc contract with Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah is valued at $400,000 upfront bonus; annual rent ranging from $30 per acre during years 1-5 to $625 per acre during years 8-10, with later CPI or appraisal adjustments, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Trust Lands Administration AgendaPacket Board Meeting Materials 2026-09-17 (AgendaPacket), dated September 17, 2026 from Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Valar Atomics Inc hold?
Valar Atomics Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah currently buying?
Explore Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.