Nevada Copper Completes Federal Land Conveyance at Pumpkin Hollow

Nevada Copper Corp. (TSX:NCU) reported that the Yerington Land Conveyance of Federal land, which includes the Pumpkin Hollow Copper Project, to the City of Yerington has been completed. The Bureau of Land Management signed a deed of sale on August 20th conveying 10,058 acres of federal land to the City. Under a pre-existing agreement between Nevada Copper and the City of Yerington, the City will re-convey 9,130 acres of the acquired land to Nevada Copper. The City has advised Nevada Copper that it can immediately proceed with any work necessary to develop the Project.
As quoted in the press release:

On August 20, the Bureau of Land Management (“BLM”) signed a deed of sale that conveys 10,058 acres (final surveyed acres) of federal land to the City. The appraised fair market value of US$1.8 million has been fully funded by Nevada Copper.
Pursuant to a pre-existing agreement between the Company and the City, the City will re-convey 9,130 acres of the acquired land to Nevada Copper. The final steps between the Company and City to convey the required land to Nevada Copper (completing the subdivision map) are now entirely administrative. The City has advised Nevada Copper that it can immediately proceed with any work necessary to develop the Project.
The newly-acquired land, combined with Nevada Copper’s existing 1,550 acres of private land, places the entire integrated open pit and underground mine on 10,680 acres of private land owned by the Company and allows the Project to be constructed and operated with its current, approved Nevada State permits.

Nevada Copper President and CEO, Giulio Bonifacio, said:

“Completion of the federal land conveyance, combined with the recent receipt of all state permits completes a process that achieves a significant project milestone that further de-risks the Project. With all permits in hand and land title aspects complete, Nevada Copper will focus on financing options as it now can begin construction of any or all components of the Project.”

Click here for the full Nevada Copper Corp. (TSX:NCU) press release.
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