Category Archives: Top Stories

YerCityCouncil20151012 (2)

Yerington City Council votes unanimously to approve deed and zoning

October 13, 2015 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is very pleased to announce that it has received a deed of sale and completed its Federal Land Acquisition, acquiring 9,145 acres (14.3 square miles) of land from the City of Yerington (“the City”). This parcel of land surrounds the Company’s current 1,538 acres (2.4 square miles) of private land and constitutes the majority of the 10,059 acres of Federal land acquired by the City from the Bureau of Land Management (“BLM”) in August 2015 (see August 21, 2015 News Release). Pursuant to the Company’s agreement with the City, deeding the land to Nevada Copper was the final step in the land acquisition process. The City retains 914 acres in the extreme northwestern area for public amenity purposes.

The Company now owns or controls 10,683 acres (16.7 square miles) of privately-owned land that encompasses 100% of the proposed 70,000 tons per day Pumpkin Hollow copper project development. The land is zoned “M1 Industrial” under City planning statutes, a zoning that allows for any proposed mine development. The Company controls all surface and mineral rights on the private lands, plus an additional 6,830 acres (10.7 square miles) of unpatented BLM mineral claims contiguous to the private land, for a total of 17,513 acres (27.4 square miles) of mineral rights.

Nevada Copper will be reviewing the additional exploration potential on the newly-acquired private land, particularly on northern and westerly extensions to the North open pit deposit. Federal permits for drilling are no longer required for any future exploration activity on this private held land.

The Pumpkin Hollow mine development, including both open pit and underground mines, and one or two mills, are fully permitted under State of Nevada regulations. Proposed future access roads, power lines and water lines are also located within this private land. No Federal permitting is required, now or in the future, for full construction and operations of the mine. This affords Nevada Copper significant flexibility to develop and expand operations as needed.

Giulio T. Bonifacio, President and CEO commented: “Completion of the federal land conveyance and deeding of private land from the City to Nevada Copper is the final administrative step in a process that has led to the achievement of a fully-permitted, shovel ready project located entirely on private land. This represents an enormous project milestone: the result of contributions by many people led by the tireless efforts of Timothy M. Dyhr, Vice President, Environment and External Relations.”

“Pumpkin Hollow represents the only large, fully-permitted copper deposit in the Americas not currently owned by a major, located in an ideal location with existing infrastructure. This makes it a truly unique,valuable and scarce copper asset.”

About Nevada Copper
Nevada Copper controls the 100%-owned Pumpkin Hollow copper project located near Yerington Nevada (“the Project”). The Project is located entirely on private land owned or controlled by the Company, and is fully permitted for construction and operations. The Project currently has proven and probable reserves of 5.05 billion pounds of copper, 760,585 ounce ounces of gold and 27.6 million ounces of silver (see May 28, 2015 News Release). In June 2015 the Company completed an Integrated Feasibility Study to construct and operate a 70,000 tons per day open pit and underground mine. The Company continues to advance its project financing options and expects that its fully-permitted status, and continued exploration success, will further enhance financing opportunities.

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com).

Qualified Persons
The technical information in this release has been reviewed and approved by Gregory French, P.G., Vice-President, Exploration & Project Development, Timothy D. Arnold, P.E., Vice President Operations, and Robert McKnight, P. Eng., Executive Vice-President and CFO of Nevada Copper, all of whom are Non-independent Qualified Persons within the meaning of NI 43-101.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

Cautionary Language
This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: expectations as to the results of the planned underground and surface drilling programs, as well as the Company’s plans in general at the Pumpkin Hollow Project.

Forward-looking statements or information relate to future events and future performance and include statements regarding the expectations and beliefs of management and include, but are not limited to, statements with respect to the estimation of mineral resources and reserves, the realization of mineral resources and mineral reserve estimates, the timing and amount of estimated future production, capital costs, costs of production, capital expenditures, success of mining operations, environmental risks and other mining related matters. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: requirements for additional capital; loss of its material properties; interest rates increase; global economy; no history of production; future metals price fluctuations, speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; unanticipated political events in the United States, other risks of the mining industry as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 17, 2015. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s annual filings that are available at www.sedar.com.

The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

For further information call:
Eugene Toffolo
VP, Investor Relations & Communications
Phone: 604-683-8266
Toll free: 1-877-648-8266
Email: etoffolo@nevadacopper.com

Robert McKnight, P.Eng., MBA
Executive Vice President & CFO
Phone 604-683-1309
Email: bmcknight@nevadacopper.com

 

Yerington Mayor George Dini signing deed on behalf of City to convey land to Nevada Copper

YerMayorDiniSigningDeed20151015-2

 

In case you missed it, Nevada Copper’s Tim Dyhr appeared on Nevada Newsmakers yesterday, January 13th to talk about Nevada Copper and the Lands Bill that was passed in Congress and signed by the president earlier this year. Watch below or click here to visit the Nevada Newsmakers website.

Host: Sam Shad
Co-Host: Paul Enos, CEO, Nevada Trucking Association
Guests: Tim Dyhr, VP Environment & External Relations, Nevada Copper Corp.
Pundits: James Smack, Former Nevada Republican National Committeeman
Tray Abney, Director of Government Relations, The Chamber
Chip Evans, General Manager, America Matters Media

Source: 

http://www.nevadanewsmakers.com/video/default.asp?showID=2053

In case you missed it, Mayor George Dini appeared on Nevada Newsmakers to talk about Nevada Copper, the reclamation plans and the lands bill that was passed in Congress and signed by the president earlier this year.

Reno Gazette Journal’s Ray Hagar interviews Mayor George Dini:

To view this on the Nevada Newsmakers website, click here.

To go straight to Mayor George Dini’s interview, skip to minute: 2:49

Tune in tomorrow to see Nevada Copper’s Tim Dyhr or see it here on our blog.


Source: http://www.nevadanewsmakers.com/video/default.asp?showID=2042

 

Reno Gazette Journal’s Ray Hagar, ranked passage of Nevada’s Land Bill his number two top story in 2014. To see the full article visit Reno Gazette Journal or click here. The Nevada Lands Bill highlight is below.

B9315623968Z.1_20141223213348_000_G7C9GIN05.1-0

Nevada Copper ends this year with a jump start for 2015!

2. Massive Nevada land bills pass Congress: A collection of eight land bills that transfers 130,000 acres of federal land in Nevada to local control passed Congress after languishing in Washington for more than five years. A main part of this bill will transfer 10,400 acres of BLM land near Yerington to local control. It will jump-start Nevada Copper’s open-pit copper mining, leading to the creation of more than 3,000 direct and ancillary jobs in Northern Nevada. These bills probably would have never passed the U.S. Senate but Reid and Sen. Dean Heller, R-Nev., tied them to the Department of Defense appropriations bill. Copper, it was argued, is the second most-used metal in defense projects and Yerington is sitting on a ton of it. Plus the land transfers aids expansions of Nellis Air Force Base near Las Vegas and the Naval Air Station near Fallon.


 

 Please read the full article here

 http://www.rgj.com/story/news/politics/2014/12/23/red-wave-tops-nevada-politics/20839915/

 

President Barack Obama signed the National Defense Authorization Act (NDAA) into law on Dec. 19th, 2014. The NDAA includes additional provisions that contain the largest public lands package since 2009.

The provision will direct the sale of 10,400 acres of land from the federal government to the City of Yerington.  The land purchase will help the Pumpkin Hollow Copper Project realize its potential and bring high-paying jobs to Lyon County.

Click the link directly below to read an article from Dorothy Kosich at MineWeb which states that two copper projects will benefit from the provisions in the bill.


mine webObama signs mining land swap measures into law

Two copper projects in Arizona and Nevada will now advance to the next stage as the National Defense Authorization Act has now become law.

Article Source: http://www.mineweb.com/obama-signs-mining-land-swap-measures-law/

 

 logo

NEWS RELEASE

December 22, 2014
President Signs National Defense Authorization Act That Includes The Yerington Land Transfer


December 22, 2014 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is extremely pleased to announce that on December 19, 2014 United States President Barack Obama signed into law the Congressional bill authorizing the conveyance of Federal land to the City of Yerington within 180 days. Section 3009 of the National Defense Authorization Act (“NDAA”), the bill signed by President Obama, directs the sale of 10,400 acres of land from the federal government to the City of Yerington (“Yerington” or “City”). This section of the NDAA is entitled the “Land Conveyance to Yerington, Nevada”. The Company will work with the BLM, consultants and others to ensure the land conveyance is completed before June 17, 2015 within the 180 day period provided for in the law.

Giulio T. Bonifacio, President and CEO, stated: “The land transfer is now law. Nevada Copper has already begun to advance the much larger Stage 2 open pit project on an accelerated basis. In anticipation of enactment, the Company had already initiated preparation of an updated and optimized Stage 2 feasibility study, finalization of State permits and preparation of the development agreement with the City. Since 2008, the Company has a proven track record of getting necessary approvals and permits in a timely fashion, having received them for the advanced exploration shaft and Stage 1 underground mine.”

Pumpkin Hollow Project — A Clear Path to Production

Pumpkin Hollow has overwhelming support from the community, Yerington, Lyon County and the State of Nevada. Environmental baseline studies have been conducted and there are no land use conflicts, endangered or threatened species, critical wildlife habitat, sage grouse, nesting golden eagles, surface waters, groundwater conflicts with adjacent agricultural areas, cultural resources, Native American sites, wilderness areas near the project, or other issues that could delay development of the project. The Company has a water service agreement with the City sufficient to supply both Stage 1 and Stage 2 of the project and will complete the land use development agreement for both mine and adjacent commercial and industrial development with the City within six (6) months. The key permit from the State of Nevada, the Water Pollution Control Permit, has been received for both the underground and open pit stages of the project. The other two key permits, the reclamation and air quality permits have been issued for the Stage 1 underground and only require modification to include the Stage 2 open pit facilities. Once the project is located within the City, the project will be governed by the development agreement with the City and there will be no further need for a Lyon County Special Use Permit. All necessary Stage 2 state permits are expected to be completed in Q2-2015, at which time construction could begin, subject to arrangement of appropriate financing.

With completion of the land acquisition set for June 2015, the Pumpkin Hollow Stage 1 and 2 development footprints will be entirely within private lands owned or controlled by Nevada Copper, and with all key development and operating permits in hand.

A fully-permitted large open pit project and adjacent high grade underground mine located entirely on private ground in Nevada is unprecedented for a junior copper developer. This situation allows the Company to conduct a thorough reassessment of its development plans for Pumpkin Hollow with the goals of optimizing the copper production profile and utilization of capital, as well as lowering of copper unit production costs.

About Nevada Copper

The Company’s advanced stage Pumpkin Hollow project in Nevada consists of a fully permitted, 6,500 tons/day Stage 1 underground copper mine development, currently in construction, and a nearby Stage 2, 70,000 tons/day open pit mine copper project in the advanced permitting phase. Assuming development as separate mines, expected average copper production for the first five years is 75 million lbs./year from the Stage 1 underground mine, and 221 million lbs./year from the Stage 2 open pit mine. Total proven and probable reserves include 5.2 billion lbs. of copper; 989,000 ounces of gold and 32.9 million ounces of silver1 . The project is located near Yerington, Nevada, close to roads, rail, and power infrastructure, and with all future water supply requirements met.

1 The associated mineral reserve tonnages and grades are supported by Technical Reports filed on SEDAR and disclosed on the company website at www.nevadacopper.com.

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com) and the Pumpkin Hollow project website (www.pumpkinhollowcopper.com).

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

Cautionary Language
This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: receiving Stage 2 permits in mid-2015, expectations regarding the future results of the feasibility study update, as well as the Company’s plans in general at the Pumpkin Hollow Project.

Forward-looking statements or information relate to future events and future performance and include statements regarding the expectations and beliefs of management and include, but are not limited to, statements with respect to the estimation of mineral resources and reserves, the realization of mineral resources and mineral reserve estimates, the timing and amount of estimated future production, capital costs, costs of production, capital expenditures, success of mining operations, environmental risks and other mining related matters. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: requirements for additional capital; loss of its material properties; interest rates increase; global economy; no history of production; future metals price fluctuations, speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; unanticipated political risks in the United States, other risks of the mining industry as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 25, 2014. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s annual filings that are available at www.sedar.com.

The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

For further information call:
Eugene Toffolo
VP, Investor Relations & Communications
Phone:     604-683-8266
Toll free: 1-877-648-8266
Email: etoffolo@nevadacopper.com
Robert McKnight, P.Eng., MBA
Executive Vice President  & CFO
Phone 604-683-1309
Email: bmcknight@nevadacopper.com

1 The associated mineral reserve tonnages and grades are supported by Technical Reports filed on SEDAR and disclosed on the Company website at www.nevadacopper.com.

View the release in PDF format:

File: http://www.nevadacopper.com/i/pdf/NR-20141222.pdf
You can view the Previous News Releases item: Mon Dec 15, 2014, U.S. Senate and House of Representatives Pass Land Bill

The letter below was written by Len Stevens as a Letter to the Editor. Here, Stevens thanks Nevada Leadership and looks forward to the creation of new jobs via Nevada Copper. To visit the Reno, Sparks and Northern Nevada Chamber Website, click here.


It is fitting that as we celebrate the 50th anniversary of the Wilderness Act, today we also celebrate the passage of the Northern Nevada Lands and Conservation Act by both houses of Congress.

This bill not only provides important protections of our beautiful natural resources, but it also provides meaningful economic development opportunities here in Northern Nevada.

This bill will bring thousands of high paying jobs to our region, as Nevada Copper will finally be able to undertake operations in the Yerington area.

We want to thank Senators Reid and Heller and Congressman Amodei for so effectively shepherding this legislation through a contentious Congress, and seeing it finally enacted as the law of the land.

Len Stevens
Executive Director
The Chamber of Reno, Sparks, and Northern Nevada

Senate-sealMinutes ago, the U.S. Senate voted 85 to 14 to pass the motion for cloture on the National Defense Authorization Act (NDAA).  That means that the debate on actual bill is limited to 1 hour for each Senator and 30 hours total.  Therefore, with 14 Senators voting ‘No’, the maximum debate would be 14 hours.  It will likely not be 14 hours.  A vote to pass the bill is expected tomorrow.

TheHillHeader

The following news release comes from The Hill. It was written by Ramsey Cox. It may be seen in it’s original form by clicking here, or by visiting:  TheHill.com.


Senate Majority Leader Harry Reid (D-Nev.) placed the defense spending on the Senate’s docket while it waits for a government funding bill from the House.

On Tuesday night, Reid filed cloture on the motion to concur with the House-passed legislation that authorizes $585 billion of Pentagon programs for 2015, H.R. 3979.

Reid was hoping to advance the measure and set up a vote through a unanimous consent agreement since time is running out before the end of the 113th Congress. But Reid was forced to file cloture because of objections from Sen. Tom Coburn (R-Okla.).
Coburn complained that the National Defense Authorization Act (NDAA) worked out by House and Senate committee leaders contained “earmarks,” some of which don’t relate to national defense issues.

The package, which passed the House last week on a 300-119 vote, contains provisions funding national parks and wilderness areas.

Both the House and Senate had hoped to adjourn for the year on Thursday, but that looks increasingly unlikely. If Coburn doesn’t agree to expedite the NDAA vote, procedural debate time could drag on until Thursday.

Lawmakers also need to pass a government spending bill by Thursday to avoid a government shutdown.

Article Source:

http://thehill.com/blogs/floor-action/senate/226551-reid-tees-up-defense-spending-bill