Bonnie Claire Project Drill Core Contains Significant Rare Earth Elements

VANCOUVER – Nevada Lithium Resources Inc. reportedsignificant rare earth elements (REE) mineralization within existing drill core on its Bonnie Claire lithium project, located in Nye County, Nevada. The Company intends to conduct further work to examine the distribution of REE across Bonnie Claire, and determine the potential for REE extraction alongside lithium and boron within the current flowsheet, as outlined in the Project’s 2025 Preliminary Economic Assessment, prepared in accordance with National Instrument 43-101 – Standards of Disclosure in Mineral Projects.
CEO, Stephen Rentschler, comments:
“We are pleased to announce that new analysis of drill core from our 2024 work program indicates the presence of rare earth elements at Bonnie Claire. Rare earth elements are among the world’s most valuable minerals and are crucial to technological applications that are highly prized by both industry and governments. Rare earth elements are also included in the US Department of the Interior 2025 Critical Minerals List and have been the focus of Chinese export restrictions.
Similar to our interpretation of the presence of cesium and rubidium at Bonnie Claire, we think that these rare earth elements have the potential to produce a by-product revenue stream for the Project. In addition to the lithium and boron production identified in our 2025 PEA, Nevada Lithium is now actively examining the potential for the production of multiple additional minerals on the US 2025 Critical Minerals list.
Little attention has been paid to the tremendous +50% rebound in lithium prices over 2025. However, the scarcity of rare earth elements has been at the center of market and geopolitical attention for over two years. Nevada Lithium currently has the potential to produce a suite of materials on the US 2025 Critical Minerals List, including rare earth elements. This illustrates a tremendous optionality to increase value at Bonnie Claire. We remain focused on creating shareholder value with the next steps in the development of this asset, located in one of the world’s premier mining jurisdictions, Nevada.”