Lion Copper and Gold ( (TSE:LEO) ) has issued an update.
Lion Copper and Gold has successfully negotiated a Settlement Agreement with the Nevada Division of Water Resources and the Nevada State Engineer to reinstate critical water rights for the Yerington Copper Project. This agreement resolves previous legal issues related to water rights forfeiture, allowing the company to secure 6,014 acre-feet of groundwater for mining uses. The reinstatement of these water rights is a significant step forward for the project’s advancement towards domestic copper production. The agreement underscores the importance of collaboration between private industry and regulatory authorities in fostering sustainable mining development in Nevada, with Lion CG committed to contributing positively to the economic growth of Mason Valley and the State of Nevada.
More about Lion Copper and Gold
Lion Copper and Gold Corp. is focused on advancing its flagship copper project in Yerington, Nevada. The company is working through an Option to Earn-in Agreement with Nuton LLC, a Rio Tinto Venture, to develop its copper mining operations.
YTD Price Performance: -1.67%
Average Trading Volume: 182,003
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $24.31M
For detailed information about LEO stock, go to TipRanks’ Stock Analysis page.