Yerington Land Conveyance Bill Introduced in the US House of Representatives

The “Yerington Land Conveyance and Sustainable Development Act” has been introduced in the U.S. House of Representatives by Congressman Mark Amodei of the Second Congressional District of Nevada, along with original co-sponsors Congresswoman Shelley Berkley and Congressman Joe Heck. This legislation involves the Bureau of Land Management (“BLM”) lands (“Federal Lands”) that surround the Nevada Copper Corp. (TSX:NCU) 100% private patented land owned by Nevada Copper located near Yerington, Nevada.

As quoted in the press release:

The legislation would convey approximately 10,200 acres of the BLM-administered Federal Lands to the City in order to develop a multiple use economic development, mining, industrial, recreational and open space area. The Federal Lands are interspersed with, and adjacent to, the 1,560 acres of Nevada Copper private patented lands in the proposed mine area. The City of Yerington would be the municipal entity to take title from the federal government. The City would subsequently enter into development agreements with businesses, including Nevada Copper, to develop mining, industrial and commercial businesses. The City would also facilitate development of recreational facilities.

Click here to read the Nevada Copper Corp. (TSX:NCU) press release