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Nevada Copper Corp. (TSX:NCU) reported that the Yerington Land Bill has been passed by both the United States Senate and House of Representatives. Under this bill, Nevada Copper and the City of Yerington are set to complete the acquisition of federal lands from the Bureau of Land Management within six months.
As quoted in the press release:
Concurrently, Nevada Copper will move to complete the remaining Stage 2 State permitting by Q2-2015 which will allow for construction of the much larger 70,000 tons per day open pit mine, described below. Passage of the Bill is also expected to have major positive cost benefits for both the fully permitted, 6,500 tons/day Stage 1 underground mine development, currently in construction, and the Stage 2 open pit mine.
Click here to read the Nevada Copper Corp. (TSX:NCU) press release
Click here to see the Nevada Copper Corp. (TSX:NCU) profile.
For the full story on the passing of the bill from Copper Investing News, click here.