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Nevada Lithium Resources reports mineral exploration and development updates centered on its 100% owned Bonnie Claire Lithium Project in Nye County, Nevada. Recurring announcements cover drilling programs, NI 43-101 technical work, preliminary economic assessment references, metallurgical testing, brine exploration concepts, and studies of lithium-bearing clay mineralization.
Company updates also address potential recovery of additional critical minerals from Bonnie Claire, including boron, cesium, rubidium, and rare earth elements. Technical news has discussed ion exchange recovery work, mineralogical analysis of illite in high-grade zones, and review of hydraulic borehole mining as a possible method for accessing deeper mineralization.
Nevada Lithium Resources (OTC:NVLHF, TSXV:NVLH) engaged New York-based Arrowhead Business and Investment Decisions under a master services agreement effective July 17, 2026, subject to TSX Venture Exchange acceptance. Arrowhead will provide corporate access and investor introduction services, including non-deal roadshows, at US$1,000 per Company‑accepted meeting, with no minimum service obligation and a 30-business-day termination notice.
Arrowhead and its principals currently hold no Nevada Lithium securities and have no rights to acquire them, except as may be disclosed under securities laws. Nevada Lithium holds a 100% interest in the Bonnie Claire Lithium Project in Nevada and recently filed a PEA showing an after-tax NPV of $6.829 billion at an 8% discount rate and a 32.3% after-tax IRR, based on specified commodity price assumptions. The PEA, effective March 31, 2025, is preliminary, relies on Inferred Mineral Resources, and Nevada Lithium cautions there is no certainty the PEA results will be realized.
Nevada Lithium (OTCQB:NVLHF) announced an independent WSP UK review finding the Hydraulic Borehole Mining (HBHM) method applicable to the Bonnie Claire deposit, subject to bench-scale testing and modelling for the PFS. WSP recommends HBHM pilot field testing ahead of a Feasibility Study and identified block caving and sub-level caving as alternatives. The company cited its March 31, 2025 PEA showing a $6.829 billion after-tax NPV (8%) and a 32.3% after-tax IRR, noting the PEA uses Inferred resources and is preliminary.
Nevada Lithium (OTCQB:NVLHF) reported successful metallurgical tests at its Bonnie Claire lithium project on March 25, 2026, showing 95.9% cesium and 86.9% rubidium extraction from a high‑grade composite. The composite contained 226 mg/kg Cs, 297 mg/kg Rb and 5,055 mg/kg Li.
Tests used the PEA baseline flowsheet (≈700 kg/t H2SO4, 90°C, 4 hours) and demonstrated proof‑of‑concept ion exchange recovery; counter‑current leach in the PEA reduces overall acid to ≈450 kg/t. Further optimization and PFS work planned to assess commercial viability and capital needs.
Nevada Lithium (OTCQB:NVLHF) reported that clay-fraction analysis from drillhole BC 2402C returned 19,815 ppm Li in sample N21 from the Lower Zone. XRD and SWIR identify dominant illite in the clay fraction, explaining very high grades and suggesting targeted clay-rich drilling could find even higher-grade zones.
This is the first result from a University of Naples DiSTAR research program; further samples are pending.
Nevada Lithium (OTCQB:NVLHF) reports identification of rare earth element (REE) mineralization in 2024 drill core from the 100% owned Bonnie Claire project, Nye County, Nevada.
Five claystone samples from drill hole BC2401C (depths 1987.5–2767 ft; vertical thickness 779.5 ft) returned lithium 1,250–6,390 ppm and TREO 0.012%–0.031%. REE distribution is ~80–85% light REE and ~15–20% yttrium/heavy REE. Company will investigate REE distribution and potential co‑extraction with lithium and boron within the Project flowsheet described in the 2025 PEA. Samples were prepared and analyzed at ALS using method ME‑MS89L with QA/QC controls reported.
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Nevada Lithium Resources Inc. has appointed Jeff Wilson, PhD, as the new Vice-President of Exploration, effective May 1, 2023. Previously a Director, Wilson brings over twenty years of experience, including roles in geology and consulting. Darren L. Smith transitions to Senior Technical Advisor. The company highlights a transformative year, culminating in a definitive agreement to consolidate 100% ownership of the Bonnie Claire lithium project, which boasts a substantial lithium resource. The Bonnie Claire Project is one of North America’s largest lithium resources, with a NI 43-101 inferred resource of 3.4 billion tonnes grading 1,013 ppm Li.