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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 Inc. (CSE: NVLH, OTCQB: NVLHF) announced a proposed non-brokered private placement offering of subscription receipts aiming for gross proceeds of at least $3,250,000, with the option to increase this to $5,000,000. This financing supports the consolidation of its 100% ownership in the Bonnie Claire Lithium project, a significant asset containing 3,407 million tonnes grading 1,013 ppm Li. Each subscription receipt will convert into units, including common shares and warrants. The proceeds will be utilized for general corporate purposes following the completion of the related transaction.
Nevada Lithium Resources (OTCQB: NVLHF) announced that the Bureau of Land Management has approved its exploration Plan of Operations for the Bonnie Claire Lithium Project in Nye County, Nevada. The exploration area spans 4,146 acres, with drilling planned for up to 109 holes in Phase I. No significant environmental issues were found, indicating minimal impact. The Project is notable for its substantial lithium resource, with an inferred mineral resource of 3,407 million tonnes grading 1,013 ppm Li, equating to approximately 18,372 million kg of lithium carbonate equivalent.
Nevada Lithium Resources Inc. (CSE: NVLH, OTCQB: NVLHF) has submitted comments to the Department of Treasury regarding Section 30D Electric Vehicle tax credits under the Inflation Reduction Act. The Company estimates the critical mineral component of these tax credits to be worth $86 billion by 2030. It recommends investment substitution for US lithium projects, projecting a $6 billion investment could facilitate tax credit utilization while creating jobs. This proposal aims to address funding shortages and enhance the development of the US lithium industry.
Nevada Lithium Resources, in partnership with Iconic Minerals, is advancing its Bonnie Claire Lithium Project in Nye County, Nevada. The 2022 drilling program, with a budget of $5 million, aims to enhance data to support project development. Significant drilling activities have been reported, including core hole BC2201C, which reached a depth of 2001 feet, identifying lithium-rich claystone. The project boasts an inferred resource of 3.4 billion tonnes, grading 1,013 ppm lithium, totaling 18.37 million kilograms of lithium carbonate equivalent.
Nevada Lithium Resources Inc. (CSE: NVLH, OTCQB: NVLHF) announced its participation in the Online PDAC 2022 event on June 28 and June 29. CEO Stephen Rentschler expressed excitement about hosting an online booth where management will answer questions and conduct meetings. A key highlight is the Industry Showcase presentation on June 28 at 12:30 ET. The company emphasizes its strong asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, currently holding a 50% interest and advancing towards pre-feasibility.
Nevada Lithium Resources Inc. (CSE: NVLH, OTCQB: NVLHF) has announced the commencement of drilling at the Bonnie Claire Lithium Project in Nye County, Nevada. Partnering with Iconic Minerals, the drill program will consist of five holes, reaching depths of 2,000 feet. Core and mud/rotary samples will be sent for analysis, while one hole will be preserved as a water well for testing. The company aims to advance the project towards pre-feasibility, capitalizing on attractive investment metrics established in a recent Preliminary Economic Assessment.
Nevada Lithium Resources has announced that the Bureau of Land Management (BLM) has accepted the Plan of Operation (PoO) for the Bonnie Claire Lithium Project, allowing it to proceed to analysis under the National Environmental Policy Act (NEPA). The BLM found no significant environmental issues in preliminary studies. Additionally, Iconic Minerals has initiated the 2022 exploration program, including road improvements and preparations for drilling, expected to begin shortly. The project aims to advance toward Pre-Feasibility after successful delineation of resources.
Nevada Lithium Resources Inc. (CSE: NVLH, OTCQB: NVLHF) and partner Iconic Minerals Ltd. announce progress on the Bonnie Claire Lithium Project in Nevada. The 2022 program aims to de-risk the project, recently highlighted by a Preliminary Economic Assessment (PEA) showcasing lithium prices over 400% higher than the PEA's base case. Initial drilling will start soon, including core sampling to enhance mineral resource confidence. A metallurgy program is underway to support a Prefeasibility Study, while borehole mining tests are planned to minimize surface disturbance.
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.
Nevada Lithium Resources Inc. (CSE: NVLH; OTCQB: NVLHF) will present its Bonnie Claire Lithium Project at an Amvest Capital Webinar on February 2, 2022, at 4:05 PM ET. CEO Stephen Rentschler will lead the presentation, discussing the project as a significant lithium asset. The company's recent Preliminary Economic Assessment indicates promising investment metrics, and they are moving towards Pre-Feasibility studies. Those interested can register online for the event, and an on-demand replay will be available afterward.