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Nevada Sunrise, Albemarle reach agreement

Junior Nevada Sunrise Gold (TSXV: NEV) is celebrating “a landmark moment” after reaching a settlement with lithium major Albemarle (NYSE: ALB) over a disputed, rare, water rights permit in Nevada.

Nevada Sunrise, Albemarle reach agreement Nevada Sunrise, Albemarle reach agreement Nevada Sunrise, Albemarle reach agreement Nevada Sunrise, Albemarle reach agreement Nevada Sunrise, Albemarle reach agreement

Nevada Sunrise has agreed not to drill water wells which could impact Albemarle’s brine operations in the dry US state

The junior had exercised an option to acquire permit 44411 in March 2016 but three months later, Albemarle filed a motion to forfeit the permit alleging non-use of the water rights.

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