Nevada Lithium files Technical Report for Bonnie Claire Project. Significantly Increases the Size and Grade of Lower Zone Inferred Lithium Mineral Resources, and Reports Maiden Lithium and Boron Indicated Resources.

Nevada Lithium Resources Inc. has filed an independent NI 43-101 technical report for its Bonnie Claire lithium project in Nye County, Nevada, marking a significant milestone in the project's development. The technical report, prepared by Global Resource Engineering Ltd. with an effective date of September 24, 2024, substantially upgrades the resource base through increased tonnage and higher grades in the Lower Zone mineralization.

The updated resource estimate represents a major advancement for the Bonnie Claire project, with the company reporting its first indicated resources for both lithium and boron minerals. This upgrade from previous inferred-only resources demonstrates increased geological confidence and moves the project closer to potential development scenarios. The technical work has not only expanded the known resource base but has also improved the grade profile, enhancing the project's economic potential.

According to CEO Stephen Rentschler, the enhanced resource profile positions Bonnie Claire as potentially unrivaled among sediment-hosted lithium projects in Nevada and ranks it among the world's largest and highest-grade lithium resources. This claim, if substantiated, places Nevada Lithium in an advantageous position within the competitive Nevada lithium landscape, which has attracted significant industry attention due to its proximity to Tesla's Gigafactory and growing battery supply chain infrastructure.

The dual commodity potential of lithium and boron adds strategic value to the project, as boron serves specialized industrial markets and could provide additional revenue streams. The filing of this technical report represents a critical step in the company's development timeline, providing the technical foundation necessary for future financing discussions, partnership opportunities, and potential advancement toward preliminary economic assessments.