Nevada Copper Corp. (TSX:NCU) provided an update on the Lyon County Economic Development and Conservation Act, which is related to its Pumpkin Hollow copper project in Nevada. It is now ready for a vote in the full House of Representatives for passage. Subject to passage of the Lyon County Land Bill, issuance of Stage 2 permits will be obtained in 2014.
As quoted in the press release:
On January 28, 2014, the U.S. House of Representatives Committee on Natural Resources held a “mark-up” meeting during which it considered and passed H.R. 433, the ”Northern Nevada Land Conservation and Economic Development Act”. That bill combined seven (7) separate land bills for northern Nevada that have all had Subcommittee hearings in the House. The ”Lyon County Economic Development and Conservation Act” (H.R. 696) is included as Title II of H.R. 433, the combined bill. The provisions of Title II are the same as the original H.R. 696 that was introduced on February 14, 2013 and heard in the House Subcommittee on Energy and Natural Resources on April 18, 2013.
The Lyon County Land Bill is now ready for a vote in the full House of Representatives for passage. In the Senate, the Lyon County Land Bill has passed out of the Senate Energy and Natural Resources Committee, and is ready for a floor vote.
Nevada Copper Corp. President and CEO, Giulio Bonifacio, said:
We are very pleased that the U.S. Congress is moving forward with the Lyon County Land Bill. Passage of the Lyon County Land Bill is important to Nevada Copper, the City of Yerington and Lyon County.