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Kibby Basin Lithium Claims Permitted for Water
The Kibby Basin lithium property is fully permitted by the state of Nevada to extract a maximum 2,896 acre-feet (944 million gallons) annually of water for brine processing and production of lithium compounds, a pre-requisite for the exploration and development of lithium brine projects in Nevada. Under State of Nevada law, water (including lithium brines) cannot be pumped from a subterranean source without a valid water permit.
Cypress Development (TSV:CYP) recently paid $3,000,000 for a water permit in Clayton (see SEDAR filing by CYP on 8 December 2021) which allows for the beneficial use of 1,770 acre/feet (577 million gallons) annually of water for mining, milling and domestic use.