Nevada Sunrise Announces Reversal Of Nevada Water Rights Forfeiture And Notice Of Administrative Hearing.
ENPNewswire-January 29, 2019--Nevada Sunrise Announces Reversal Of Nevada Water Rights Forfeiture And Notice Of Administrative Hearing
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Release date- 28012019 - VANCOUVER - Nevada Sunrise Gold Corporation ('Nevada Sunrise' or the 'Company') (TSXV: NEV) is pleased to announce that the Fifth Judicial District Court of Nevada (the 'Court') has issued an order vacating a ruling of forfeiture against the Company's water right made in 2016 by the State Engineer's office of the Nevada Division of Water Resources ('NDWR').
The matter has been remanded back to the State Engineer for a full administrative hearing on the question of forfeiture that is scheduled for April 1, 2019 (the 'Hearing'). At the Hearing, Nevada Sunrise intends to present historical evidence of beneficial use of its water right Permit 44411 (the 'Permit') located in the Clayton Valley basin, and present arguments that the State Engineer did not provide the required notice prior to declaring the Permit forfeited.
'Nevada Sunrise has persevered for over two years against the surprise forfeiture of the Permit by the State of Nevada,' said Warren Stanyer, President and CEO of the Company. 'Other water rights forfeitures in Nevada similar to our case have recently been reversed on appeal or remand, and we look forward to receiving equal application of the law.'
In June 2016, Albemarle Corporation of Charlotte, North Carolina, USA ('Albemarle') (NYSE: ALB), filed a motion with the NDWR to forfeit the Permit held by the Company's wholly-owned subsidiary, Intor Resources Corp. ('Intor'). Albemarle argued that the Permit was automatically forfeited by claiming that it had not been used for a five-year period. Albemarle, the world's largest producer of lithium chemical products, currently operates the only producing lithium mine in the United States at Silver Peak, Nevada, in the northern Clayton Valley.
Intor opposed Albemarle's forfeiture motion, and requested a hearing to present evidence to defend its Permit. Intor argued that the State Engineer must first provide a notice prior to initiating forfeiture proceedings.
However, the State Engineer did not give Intor the benefit of a hearing, and on November 30, 2016, granted Albemarle's motion and issued the ruling forfeiting the Permit. Since the NDWR ruling, Intor has methodically gathered evidence of historical water use in order to defend the validity of the Permit. Intor's appeal...
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