Nevada Lithium Resources Announces Upgrade to OTCQB

Rhea-AI Summary

Nevada Lithium Resources Inc. (CSE: NVLH) has successfully completed its application process, allowing its shares to trade on the OTCQB Market under the symbol NVLHF. This strategic move aims to enhance investor access to the company, which focuses on unlocking shareholder value from its Bonnie Claire Lithium Project in Nevada. The company holds a 50% interest in this project, which has recently shown promising investment metrics through a Preliminary Economic Assessment.

Positive

• Increased accessibility for U.S. investors through trading on OTCQB.
• Potential for enhanced transparency and market information for NVLHF shares.
• Ongoing development and promising Preliminary Economic Assessment metrics for the Bonnie Claire Lithium Project.

Negative

• None.

VANCOUVER, BC, Feb. 22, 2022 /PRNewswire/ - Nevada Lithium Resources Inc. (CSE: NVLH) (FSE: 87K) (OTCQB: NVLHF) ("Nevada Lithium" or the "Company") is pleased to announce that it has successfully completed the application process that allows its shares to begin trading on the OTCQB Market ("OTCQB") under the symbol "NVLHF". The Company's common shares will remain listed on the CSE in Canada under the ticker symbol "NVLH".

Nevada Lithium CEO, Stephen Rentschler, comments: "Trading on the OTCQB is part of our strategy to broaden access for investors to support Nevada Lithium and our view of unlocking shareholder value from the Bonnie Claire Lithium Project. At Nevada Lithium, we firmly believe that Bonnie Claire is one of the most attractive global lithium assets remaining in junior developers' hands."

OTC Markets Group Inc., located in New York, N.Y., operates the world's largest electronic inter-dealer quotation system for broker dealers to trade over 10,000 securities. The OTCQB is a transparent trading platform that offers a cost-effective method for United States investors to access Nevada Lithium's securities. Nevada Lithium's quotation and trading on the OTCQB provides investors the opportunity to benefit from streamlined market standards which enhance the availability of information to the general public, enabling greater transparency. North American and international investors can find Real-Time level 2 quotes (denominated in US dollars) and market information for Nevada Lithium common shares at https://www.otcmarkets.com/stock/NVLHF/overview along with current company news.

About Nevada Lithium Resources Inc.
Nevada Lithium Resources Inc. is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, where it currently holds a 50% interest. A recently completed NI 43-101 Preliminary Economic Assessment returned attractive investment metrics and the Company is actively advancing the Project towards Pre-Feasibility. Learn more: https://www.nvlithium.com/

ON BEHALF OF THE BOARD OF DIRECTORS:

Stephen Rentschler
CEO

Find Nevada Lithium on Social Media: on Instagram and Twitter 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of any of the word "will" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements include, but are not limited to, the proposed exploration program and development of the Bonnie Claire Project, and advancement of the Bonnie Claire Project to pre-feasibility. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nevada-lithium-resources-announces-upgrade-to-otcqb-301487657.html

SOURCE Nevada Lithium Resources Inc

FAQ

What is the significance of Nevada Lithium Resources trading on the OTCQB under NVLHF?

Trading on the OTCQB allows Nevada Lithium to reach a broader base of U.S. investors, enhancing accessibility and transparency.

What does the Bonnie Claire Lithium Project represent for Nevada Lithium Resources?

The Bonnie Claire Lithium Project is a core asset for Nevada Lithium, where the company aims to unlock significant shareholder value.

What were the recent developments regarding Nevada Lithium Resources as of February 2022?

In February 2022, Nevada Lithium announced the completion of its application to trade on the OTCQB Market, allowing for better investor access.

How does the OTCQB enhance investor experience for NVLHF shares?

The OTCQB offers a cost-effective method for U.S. investors to trade NVLHF shares with improved market standards and transparency.