In 2015, the bipartisan promoted US Commercial Space Launch Competitiveness Act (SPACE Act) was passed into law. The act was designed to help promote commercial attempts to reach for the possibilities in space travel and business. Hidden away though at the end of the act are two lines of law which secretly opened the door to the next great gold rush, a precious minerals boom that will never end.

There are very few treaties which have been promoted about the jurisdiction of space and celestial bodies. None of them in fact mention individual citizens of nations, such as in the UN Outer Space Treaty of 1967. The SPACE Act is the first of its kind to specifically grant a US citizen the full right to own and exploit the resources of the cosmos. The second to last paragraph of the Act says it all:

A U.S. citizen engaged in commercial recovery of an asteroid resource or a space resource shall be entitled to any asteroid resource or space resource obtained, including to possess, own, transport, use, and sell it according to applicable law, including U.S. international obligations.

This is important, because it gives a legal basis for the individual or corporation to profit from the acquisition of all space resources. The very last paragraph of the Space Act goes on to assert that the United States government claims absolutely no sovereignty over any celestial body:

It is the sense of Congress that the United States does not, by enactment of this Act, assert sovereignty or sovereign or exclusive rights or jurisdiction over, or ownership of, any celestial body.

There was a time when a part of the United States existed under just such a legally ambiguous situation: the Old West. In the old settler days and the Homestead Act days, there was so much land made available in sparely populated regions, that all a family had to do is place a claim on a patch of land and it was theirs. 

So you have an Act passed into law which empowers US citizens to ownership of space resources, and a prior legal precedent for conduct in the distribution of land and resource claims in unclaimed territory. 

The World Space Mining Claim Registry seeks to empower the entire world to have a fair chance at fully exploiting the pure rare earth elements waiting to be harvested in the main asteroid belt and beyond. By establishing a claim system operated by a US citizen, specific land and resource claims can be made and granted to anyone in the world. The WSMCR will maintain a log of all claims both electronic and paper, in order to prove to the world the ownership of each claim. (This can of course be made private for the public web list.)

Thus, the WSMCR should be viewed not only as a service, but as an international movement to solidify the right to access Main Belt minerals to all peoples on earth on a fairly arbitrated basis. When each of us makes a claim, and the number of claims increases, eventually over time, the claims themselves and the movement at large will be 'grandfathered' into newly created legal frameworks of the future that do not yet exist but will be necessary for space operations to flourish. We are the starting point, the initial spark, that snowballs into the future to a size and presence that cannot be ignored.

Space mining is far from a wild idea, for many companies are right now brainstorming best approaches and methods for making the first tentative steps towards starting to mine some of the best asteroids available. Consider this: a manned mission to Mars is already casually talked about. The main asteroid belt in which a great majority of the best space resources are located is only just beyond Mars! Space mining is not a matter of if but when.

Keep in mind: by making your claim here, you have only just begun a journey that can take quite some time before fulfillment. Also all claim holders are completely responsible for their own legal actions and economic decisions regarding their claim. The only function of the WSMCR specifically is to help individuals declare to the world their claim via their certificate.