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'Three-years of contentious litigation' closed after Nevada water ruling

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(Kitco News) - Nevada Sunrise Gold (TSX-V:NEV) said yesterday the forfeiture proceedings against the company's water right in the Clayton Valley Basin was decided in its favor.

Lithium miner Albemarle and Nevada Sunrise were engaged in a water dispute. Albermarle was worried that water drawn from Clayton Valley would impact its lithium brine operations.

"After more than three years of contentious litigation, Nevada Sunrise's water rights under the permit are now in good standing and out from under the threat of forfeiture from Albemarle's allegations of non-use" said Nevada Sunrise in a news release. 

"As part of the order, in conjunction with the dismissal of the forfeiture proceedings, the State Engineer has issued to Nevada Sunrise a notice letter requiring the company to make full use of its water rights for mining and milling purposes within the next twelve months and file a proof of resumption of use, or apply for an extension of time requesting additional time to use the water."

Nevada Sunrise is an exploration company with gold, copper, cobalt and lithium projects in Nevada.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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