HUGE $WSRC PRESS RELEASE
CALIFORNIA FEMA WATER / RESERVOIR MITIGATION PROJECTS
GUARANTEED #FEMA FUNDING... FOR 10 YEARS OR MORE.
Western Sierra Resource Corporation Announces Its Acquisition of Mitigation Solutions, LLC and Formal Acceptance of Ten Year Government Mitigation Agreement
Press Release | 09/20/2022
STEAMBOAT SPRINGS, CO / ACCESSWIRE / September 20, 2022 / WESTERN SIERRA RESOURCE CORPORATION (OTC:WSRC) announces the Company's acquisition of 100% of the stock and assets of Mitigation Solutions, LLC (MSL) toward achieving one of its natural resource management and development objectives. In a stock and cash transaction, MSL has become a wholly owned subsidiary of WSRC, providing the Company with capacity to mitigate water contamination, dam stabilization, and remediate sedimentation-affected large-scale water supplies for municipalities and Special Districts across the Country.
MSL's first Mitigation Agreement as a WSRC Company was accepted by the Santa Maria Valley Water Conservation District (SMVWCD) Board of Directors and executed Saturday, September 17, 2022. This Mitigation Agreement pertains to Federal Emergency Management Agency ("FEMA") funding, as well as other Federal Agency funding, to which SMVWCD is beneficiary for immediate use at the Twitchell Dam and Reservoir Mitigation Project Site. The project is expected to require 7-10 years to complete and entails emergency removal of ash-contaminated sediments to stabilize Twitchell Dam; restoration of the Twitchell Reservoir to original operational capacities; and mitigation of influent-contaminated sediments, water contamination and deposit of soils from upstream drainages. The Twitchell Dam and Reservoir site is the first of several California locations where these contract services may be performed by MSL. Mitigation Agreement details to follow.
MSL's Principals are joining WSRC's management team, bringing decades of disaster response/relief and restoration experience to the Company to include hurricane damage; flood contaminated waterways; compromised lake, reservoir, and municipal water storage facilities; and water delivery system failure. In this capacity, Global Clean Water, Inc. has also contracted with MSL and WSRC to specifically address remediation of potable water contamination issues.
With LOC funding available to mobilize, and equipment financing in place with which to ramp up production for the first and subsequent phases of the Twitchell Project, the Company can proceed immediately. Pictures, video, and written updates will be made available as project completion objectives are attained.
The Company will be pleased to document the initiation of Phase I of the Twitchell Dam and Reservoir project to the benefit of the Santa Maria Valley Water Conservation District, its residents, and the Company's shareholders.
