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10 
11 
12. 
13 
14 
15 
16 
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18 
19 
20 
21 
20) 
23 
24 
25 
170 
10 
(2) Priority of right for the issuance of a license shall 
be created and maintained by receipt by the Secretary of a 
license application from an eligible applicant: Provided, That 
the application is submitted in conformity with the provisions 
of this Act and the regulations promulgated by the Secretary 
pursuant to section 18 hereof. , 
— (3) An application, submitted in accordance with sub- 
section (b) of section 4 hereof and prior to the effective date 
of the regulations promulgated pursuant to seen 18 of 
this Act, shall be entitled to priority of right as established in 
paragraph (2) of this subsection: Provided, That the eligible 
applicant complies with the provisions of this Act, including, 
dut not limited to, the tender of the fee required by section 5, 
the furnishing of information required by subsection (b) of 
section 6, and the minimum expenditures required by sec- 
tion 8: Provided further, That the eligible applicant brings 
his application and his other activities into compliance with 
all applicable penis issued by the Secretary, as soon as 
such regulations become effective. 
(4) Every license issued under this Act shall remain in 
force for fifteen years and, where commercial recovery of 
the hard mineral resources has begun from a licensed block 
within the fifteen-year period, such license shall remain in 
force for as long as commercial recovery from the block 
continues. 
