If I am not mistaken RL, the Alaskan Claims had enough exploratory "work in lieu" of paying the claims fees. I think that the "Massive Single Hole" drilling that we got sued for - was enough to cover claim fees for a few years - at least that is how I remember it.
Regardless, as per Eli's recent calculation - even though the 100 Million shares will be registered for "putting" to Tangiers......
So, LBSR is going to have to come up with the claims fee monies $14,000.00 at a time.....and I think they have 30 days grace on getting those fees paid (but again, I can't remember that clearly).
In this regard, they would need that S-1 approved RATHER QUICKLY in order not to miss the claims due - well, unless they have gotten several new Private Placements.