US: Transnational Group has entered into a mining lease agreement with the Nevada Outdoor School (NOS) to secure full rights to mine gypsum on several claims located in southern Nevada that comprise the Mount Vista Gypsum property.
According to the agreement, Transnational has acquired full mining rights of any gypsum that is located on the Mount Vista property in exchange for a production royalty. There are 12 claims included in the lease agreement that comprise a total of 1.86km2. The term of the company's mining lease for Mount Vista is 10 years with three five-year renewable options.
"Transnational is excited to announce the finalisation of our agreement with the Nevada Outdoor School that will allow us to mine gypsum and limestone contained in Mount Vista at an agreed upon royalty. This agreement enables the possibility of discovery and mining other valuable minerals and metals as well," said CEO of Transnational Group, Philip Dutoit. The agreement stipulates that the company will negotiate a separate royalty agreement with the NOS for each resource.
