- Nevada Lithium Resources (TSXV:NVLH) released an updated preliminary economic assessment (PEA) for its Bonnie Claire project in Nevada, which houses one of the largest lithium resources in North America
- The new PEA details an after-tax net present value of US$6.829 billion, which is a more than 4x improvement from the 2021 assessment
- The junior lithium stock has given back 44.23 per cent year-to-date
Nevada Lithium Resources (TSXV:NVLH) released an updated preliminary economic assessment (PEA) for its Bonnie Claire project in Nevada, which houses one of the largest lithium resources in North America, detailing an after-tax net present value of US$6.829 billion, a more than 4x improvement from the 2021 PEA.
This content has been prepared as part of a partnership with Nevada Lithium Resources Inc., and is intended for informational purposes only.
Here are the highlights:
- Estimated annual production of 62,354 tons of lithium carbonate (Li2CO3) and 129,533 tons of boric acid per year over a staggering 61 year mine-life.
- Initial capital costs of only US$2.125 billion.
- A payback period of only 2.8 years.
- All-in sustaining costs of US$7,936/ton Li2CO3.
- Base cases of US$24,000/ton Li2CO3 and US$950/ton boric acid, with a break-even price of US$8,560/ton Li2CO3.
According to Wednesday’s news release, management now has its sights set on improving project economics, with ongoing work focused on ore beneficiation, additional critical mineral production, reagent pricing and tax impacts stemming from US President Trump’s Big Beautiful Bill.
In this way, the company intends to gradually purify its exposure to what it sees as a generational lithium tailwind – as detailed on slide 7 of the July 2025 investor deck – marked by a supply gap set to emerge by the end of the decade and expand into the next driven by electric vehicle demand.
Leadership insights
“We are pleased to release the results of an updated PEA that reflect the latest work on our lithium/boron project in Nevada,” Stephen Rentschler, Nevada Lithium’s chief executive officer, said in a statement. “Over the last three years, with the discovery and expansion of the project’s high-grade lithium/boron lower zone, our technical teams have generated an expanded understanding of the potential value at Bonnie Claire. This understanding is reflected in the results of the PEA we have announced today.”
“Bonnie Claire has emerged as one of the world’s largest and highest-grade sedimentary hosted lithium and boron deposits, and remains open for expansion,” Rentschler added. “The potential for even higher grades and volumes could positively impact the PEA economics already demonstrated. 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, USA.”
About Nevada Lithium Resources
Nevada Lithium is a mineral explorer and developer advancing its 100-per-cent-owned Bonnie Claire lithium project in Nye County, Nevada.
Nevada Lithium stock (TSXV:NVLH) is up by 7.41 per cent on the news trading at C$0.14 as of 9:42 am ET. The stock has given back 44.23 per cent year-to-date.
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