East Fernley Gravel represents a rare opportunity to acquire the lessee interest in a long-term, specialty industrial mining operation strategically located in Fernley, Nevada. The business operates under a 20-year Mining Lease Agreement (with 17 years remaining as of October 2024) through Western States Resources, LLC, which was established in 2021 to hold the lease.
The 151-acre property, comprised of four contiguous parcels, is zoned M-1 for mining and benefits from a Special Use Permit already in place. The site has been professionally tested and certified for the production of Type II road base, as approved by the Nevada Department of Transportation, along with utility gravel, sand, and structural fill. Current resource estimates indicate approximately 4,000,000 tons of aggregate reserves available for extraction, positioning the property as a high-capacity, long-term supply source.
Mining activity is already underway, with approximately 100,000 tons extracted in the last eight months of 2024 under the management of a contract operator. The property enjoys strong logistical advantages, with direct access to Interstate 80, two regional railroads, and the nearby Port of Nevada Free Trade Zone (within half a mile). In addition, expanding residential and industrial developments, including over 2,000 residential units currently in the permit pipeline and multiple warehouse complexes being built within a five-mile radius, are expected to drive sustained demand for aggregate and construction materials.
This asset sale offers significant upside for a strategic buyer, with room to expand into complementary construction products such as cement, asphalt, and related support services. The sale includes the leasehold interest but does not include the operator’s equipment currently on site.
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