Nevada Copper Corp has entered into an agreement with NV Energy to conduct a study of the potential to develop a solar energy generation project on Nevada Copper’s privately-owned land. This land is adjacent to the company’s proposed Pumpkin Hollow copper development project. Nevada Copper expects this Solar Study to be completed within three months. Nevada Copper and NV Energy seek to evaluate, at a scoping level, the feasibility of developing a solar facility on private land owned by Nevada Copper that is available for solar generation facilities. Subject to the results of the study, the parties would have an opportunity to enter into an agreement to pursue a solar development opportunity.

The Solar Study will be done at no cost to the company, in consideration of which, a 90-day exclusivity period was granted to NV Energy. After the 90-day exclusivity period, if no development agreement has been mutually agreed after good-faith efforts, the company will be free to solicit interest from other parties. Giulio Bonifacio, the CEO of Nevada Copper commented on the Agreement: “Nevada Copper is very interested in developing solar energy on its project area, both to supply power to the mine, and to deliver power to the grid. This presents another significant opportunity that is the direct result of the successful passage of the land bill which was signed into law by President Obama and resulted in receipt of all permits to construct a mine. Additionally the current zoning of these private lands owned by the company allows for solar development and has no environmental or engineering constraints. The Solar Study will provide site-specific evaluation of the solar potential on our lands at no cost to the company and will prove beneficial in all discussions regarding future development of the solar development opportunity. Initial investigations indicate the potential for up to 500 MW of solar generation on our project landholdings surplus to our mining needs.”