Iconic Completes Updated 43-101 Technical Reports on Smith Creek and Grass Valley Lithium Brine Projects

Iconic Minerals Ltd. has completed updated National Instrument 43-101 technical reports for its Smith Creek and Grass Valley lithium brine projects in Nevada, marking a significant regulatory and technical milestone for the company's lithium portfolio. The reports cover both properties, which are 100% owned by Iconic and strategically positioned in Nevada's lithium-rich basin systems.

The completion of these NI 43-101 compliant reports represents an important step in the formal evaluation and potential advancement of Iconic's lithium brine assets. These technical reports provide standardized, independent assessments that are required for resource estimation and project development planning under Canadian securities regulations.

For the lithium sector, this development adds to the growing inventory of technically assessed lithium brine projects in Nevada, which has emerged as a key jurisdiction for North American lithium development. The state's established mining infrastructure and favorable regulatory environment make it an attractive destination for lithium project development.

The timing of these updated reports positions Iconic to potentially advance its projects as the lithium market continues to evolve amid strong demand fundamentals driven by the electric vehicle transition and energy storage requirements. The formal technical documentation provides the foundation for future resource estimation work and potential project advancement decisions.