Nevada Lithium Resources Inc. and Iconic Minerals Ltd. are pleased to announce that they have completed the previously announced plan of arrangement under the Business Corporations Act, whereby Nevada Lithium acquired Iconic's 50% interest in the Bonnie Claire lithium project located in Nye County. Upon completion of the Arrangement, Nevada Lithium now holds a 100% interest in the Bonnie Claire Project. In connection with [...]
June 20, 2023 /CNW/ - Nevada Lithium Resources Inc. is pleased to announce that it has closed a non-brokered private placement offering of 41,333,333 Subscription Receipts at a price of $0.15 per Subscription Receipt for aggregate gross proceeds of $6,200,000 . The Offering included a strategic lead investment by SF Investments I BV , an entity owned by Mr. Marcel Boekhoorn. Mr. Boekhoorn is a Dutch entrepreneur [...]
Nevada Lithium Resources Inc. is pleased to announce that, at the special meeting of the Company's shareholders held on June 7, 2023 , the Shareholders overwhelmingly approved: setting of the number of directors of the Company at five ; and electing a new board of directors , subject to and effective upon completion of the plan of arrangement involving Nevada Lithium, Iconic Minerals Ltd. and certain of their respective [...]
Nevada Lithium Resources Inc. is pleased to announce that the Company has appointed Jeff Wilson, PhD, P.Geo, and Director, as Vice-President of Exploration for the Company, effective May 1st, 2023. Concurrently, Darren L. Smith, M.Sc, P.Geo, the Company's current Vice-President of Exploration, will transition into the role of Senior Technical Advisor to the Company. Stephen Rentschler, CEO of Nevada Lithium commented, "We [...]
Nevada Lithium Resources and Iconic Minerals are pleased to announce the production of marketable battery-grade lithium carbonate from Bonnie Claire Deposit material. The Bonnie Claire Project, and hosts one of the largest lithium resources in North America. Stephen Rentschler, CEO of Nevada Lithium Resources, comments: "We are pleased to report the achievement of an incredibly important milestone in the development of [...]
Nevada Lithium Resources is pleased to announce that today it closed its non-brokered private placement offering of 38,530,000 Subscription Receipts (as defined below) at a price of $0.125 per Subscription Receipt for aggregate gross proceeds of $5,120,998. Stephen Rentschler, CEO of Nevada Lithium stated, "We are very grateful for the overwhelming demand on this offering which included strong support from existing [...]
Nevada Lithium Resources is pleased to announce a proposed non-brokered private placement offering of subscription receipts for gross proceeds of a minimum of $3,250,000 with an over-allotment option to increase the private placement offering up to $5,000,000. The Concurrent Financing is being undertaken in connection with the Company's previously announced consolidation of 100% ownership interest of the Bonnie Claire [...]
Iconic Minerals and Nevada Lithium Resources are pleased to announce that they have entered into a letter of intent dated January 6, 2023, whereby Nevada Lithium and Iconic would consolidate 100% interest in the Bonnie Claire Lithium project, whereby Nevada Lithium would hold a 100% interest in the Project. The Proposed Transaction has the unanimous support of each company's board of directors. Nevada Lithium CEO, Stephen [...]
Nevada Lithium Resources and Iconic Minerals are pleased to provide core assay results for an additional two drill holes completed at the Property, located in Nye County, Nevada. Sample assays are announced herein for two additional core holes completed at Bonnie Claire - BC2202C and BC2204C - with preliminary1 results presented in Table 1. Table 1: Core assay1 summary for drill holes BC2202C and BC2204C Drill Hole From [...]
Nevada Lithium Resources and Iconic Minerals are pleased to provide an update on their drill program at the Property. As of Nov 30th, 2022, a total of 9,880 ft has been completed over one mud rotary drill hole and four core drill holes. Core sample assays are announced herein for an additional core hole completed at Bonnie Claire - BC2203C - with preliminary1 results presented in Table 1. The lithium grades of the BC2203C [...]
Nevada Lithium Resources and Iconic Minerals are pleased to announce that the BLM has approved the Company's exploration PoO for the Projecta. The field studies completed in support of the PoO were carried-out by EM Strategies, a WestLand Resources. Company of Reno, Nevada, while working closely with the BLM. The work included a series of site surveys covering cultural, biological, and other environmental aspects and will [...]
Nevada Lithium Resources is pleased to provide an update on its comments made to the DOT and IRS regarding implementation of Section 30D Electric Vehicle tax credits available through the Inflation Reduction Act of 2022, Section 13401(e) Critical Minerals Requirements. Nevada Lithium conservatively estimates the value of the critical mineral component of the IRA tax credit to be a cumulative $86 Billion nominal dollars [...]