The Fifth Judicial Court of the State of Nevada decided in favor of Cypress Development Corp. in a case filed by its subsidiary against Centrestone Resources LLC in January.
In its complaint, the company alleged that Centrestone trespassed on the southern and eastern margins of its unpatented mining claims near the Clayton Valley lithium project.
The court on Dec. 16 declared the validity of certain of Cypress' claims, and denied a completion motion by Centrestone, which had filed a complaint of its own alleging trespassing by Cypress.
According to the Dec. 23 release, the court granted the company's procedural motions and imposed sanctions against Centrestone and awarded attorneys fees and costs to Cypress.
Cypress said it intends to proceed with its claims for trespass damages and attorneys fees.