Iconic Minerals and Nevada Lithium to Consolidate Interest in Bonnie Claire Lithium Property, Nevada
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Iconic Minerals Ltd. and Nevada Lithium Resources have entered into a letter of intent to consolidate 100 percent interest in the Bonnie Claire Lithium project located in Nye County, Nevada. Nevada Lithium would hold a 100 percent interest in the project. The proposed transaction has the unanimous support of each company’s board of directors.
“We are pleased to announce the signing of the LOI with Iconic for the Bonnie Claire Property. With 100 percent consolidated ownership, the company’s ability to negotiate with strategic investors and lithium end-users will be significantly enhanced. This is a key to unlocking shareholder value,” said Nevada Lithium CEO, Stephen Rentschler.
“Lithium remains a key commodity component of electric vehicles, and recent lithium prices reflect the outlook for persistent lithium supply deficits. Lithium carbonate equivalent (LCE) prices are now roughly five times higher than the assumed prices used in our robust preliminary economic assessment. Bonnie Claire has the potential to play a significant role in meeting global lithium needs,” added Rentschler.
“The proposed transaction represents an opportunity for Iconic shareholders to be part of a reunification of the Bonnie Claire Project under consolidated ownership and to continue to participate in the benefits of the project’s future development and upside,” said Richard Kern, Iconic’s CEO.
About Iconic Minerals Ltd.
Iconic is a mineral exploration and development company with several quality lithium and gold exploration projects located throughout Nevada, and currently owns 50 percent interest in the Bonnie Claire Lithium Project.
To stop by Iconic Minerals’ website, CLICK HERE
About Nevada Lithium Resources
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 percent 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.
To stop by Nevada Lithium’s website, CLICK HERE
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