ExecutiveOrdersEO
Proc 11043ProclamationTrump 47 · R

Proclamation 11043

Modifying the Bears Ears National Monument

This proclamation drastically reduces the Bears Ears National Monument from approximately 1.36 million acres to about 121,096 acres (two units: Shash Jáa and Indian Creek), excluding roughly 1.24 million acres. The excluded lands open to mineral leasing, mining, and other disposition 60 days after signing. It disbands the Bears Ears Commission, restructures the advisory committee with state and local stakeholder representation, and directs Secretaries of Interior and Agriculture to prioritize grazing, recreation, access, and vegetation management in the remaining monument.

Federal Register Open PDF 91 FR 45169

Impact dates

  1. In 22d

    Excluded lands open to entry, mineral/geothermal leasing, and mining laws

  2. Secretaries must re-allocate relinquished grazing forage by issuing new permit or lease

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Critical mineralsOil & gasAgricultureDefense primes

Mechanisms

LicensingSubsidy / incentive

Role pressure

  • ProtectiveDomestic producer — Excluded lands open to mining for silver, copper, molybdenum, lead, uranium, vanadium, zinc; explicit goal to reduce foreign reliance for defense, manufacturing, transportation
  • AdverseImporter — Policy aims to displace foreign sources of critical minerals with domestic production from newly opened federal lands
  • MixedDownstream manufacturer — Potential lower input costs from domestic mineral supply, but regulatory uncertainty and possible litigation delay access
  • ProtectiveProject developer — Mineral and geothermal leasing, mining law location/patent rights become available on ~1.24 million acres of previously protected land
  • ProtectiveEquipment supplier — Mining equipment, drilling services demand may increase with land opening

Geographies

USOTHER

Exposure dates

  • — Excluded lands open to entry, mineral/geothermal leasing, and mining laws

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

ALBAlbemarleADMArcher Daniels MidlandBABoeingBGBungeCATCaterpillarLNGCheniere EnergyCVXChevronCOPConocoPhillipsCTVACortevaDQDaqo New EnergyDEDeereXOMExxon MobilFCXFreeport-McMoRanGEVGE VernovaGDGeneral DynamicsLMTLockheed MartinMPMP MaterialsNOCNorthrop GrummanRTXRTXSHELShellSLBSLBSQMSQMTSLATeslaTSNTyson Foods

Confidence: medium · Policy alerts

Key directives

  • Reduce Monument to ~121,096 acres (Shash Jáa Unit ~106,816 acres; Indian Creek Unit ~14,279 acres)
  • Disband Bears Ears Commission
  • Restructure advisory committee with specific stakeholder representation including tribal nations, local governments, and Utah governor appointees
  • Secretaries of Interior and Agriculture shall jointly maintain management plan and promulgate regulations
  • Develop new transportation plan maximizing public access
  • Authorize ecological restoration and active vegetation management including mechanical mastication, grazing, chemical tools
  • Consider livestock grazing lands as traditional cultural place
  • Re-allocate relinquished grazing forage within 1 year unless inconsistent with object protection
  • Open excluded lands to mineral leasing, mining, and disposition 60 days after signing

Who is ordered

Timeline

Immediate

  • Monument boundary modification takes effect
  • Bears Ears Commission disbanded
  • Advisory committee restructured with new membership requirements

Near term (90d)

  • Excluded lands open to entry, mineral/geothermal leasing, and mining at 9:00 a.m. EDT on September 11, 2026 (60 days after July 13, 2026)
  • Secretaries must begin developing joint management plan
  • Transportation plan development initiated

Long term

  • Management plan and regulations to be promulgated
  • Livestock grazing permit reallocation within 1 year of any voluntary relinquishment
  • Potential mineral extraction and energy development on excluded lands
  • Ongoing vegetation management and ecological restoration activities

Risks & tensions

  • Legal challenge likely on Antiquities Act authority to reduce monument so drastically; prior reductions were litigated
  • Tribal consultation diminished: Bears Ears Commission eliminated, though tribal advisory committee seats retained
  • Conflict between 'smallest area compatible' requirement and expansive exclusion of 1.24 million acres
  • Energy/resource independence framing may prioritize extraction over preservation
  • Uncertain whether 'valid existing rights' and existing withdrawals limit actual mineral access
Proclamation 11043: Modifying the Bears Ears National Monument · Executive Orders