Rio Algom Corp. v. Jimco Ltd.

STEWART, Justice:

The plaintiff, Rio Algom Corporation (“Rio”), 1 brought this action seeking a declaratory ruling as to the proper basis for computing and disbursing royalties payable by Rio as a lessee under lease agreements covering uranium producing properties in San Juan County, Utah. There are two groups of defendants: the Jimcos 2 and Au-dreys. 3 The Jimcos counterclaimed against Rio and also cross-claimed against the Au-dreys. The Audreys cross-claimed against the Jimcos and counterclaimed against Rio, alleging breach of contract and seeking payment of royalties above the amount which…