Lithium

Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce that the Company has received the third and final option payment of $2MM USD from Nevada Lithium Resources Inc. ("Nevada Lithium"). With this payment, Nevada Lithium has fully earned its option for an aggregate 50% ownership in the Bonnie Claire Project.

"We are pleased to announce the receipt of the third option payment from Nevada Lithium and look forward to working in our Joint Venture Agreement on the Bonnie Claire Lithium Project to confirm what we believe to be one of the largest world class lithium deposits," said Iconic CEO, Richard Kern.

Bonnie Claire Property
The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 resource from the PEA report for borehole mineable portion of the resource is 3,407 million tonnes grading 1,013 ppm Li or 18,372 million kilograms of lithium carbonate equivalent. (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources.

On behalf of the Board of Directors

SIGNED: "Richard Barnett"

Richard Barnett, CFO
Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

For further information on Iconic, please visit our website at www.iconicminerals.com.
The Company's public documents may be accessed at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the Option, the Joint Venture, the amount of the Offering, the expected use of proceeds from the Offering and the future business plans and exploration activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "will", "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investor interest will be sufficient to close the Offering, that market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals required for the Option Agreement and the future development of the Company's projects in a timely manner.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, including on the Bonnie Claire Property, requirements for additional capital, future prices of lithium and gold, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the business, financial condition and exploration and development activities of the Company, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including of the TSX Venture Exchange in respect of the Option Agreement and the Offering, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with the Canadian Securities Authorities. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107761

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ICM:CA
Iconic Minerals

Iconic Minerals

Overview

The lithium battery market is booming as electric vehicles and green energy continue to rise in popularity. It’s clear that between consumer trends and regulatory shifts, this trend shouldn’t be slowing down any time soon.

Market research from Global Data predicts global lithium demand to more than double, rising from 47,300 tonnes in 2020 to 117,400 tonnes in 2024. For investors wanting to get into the mining sphere, looking to exploration and development companies focused on lithium presents exciting investor opportunities and prospectively high returns.

Iconic Minerals (TSXV:ICM,OTC:BVTEF,FSE:YQGB) is a mineral exploration and development company focused on its several high-quality lithium exploration projects in Nevada, USA. Resource-rich properties, safe mining-friendly conditions and an expert management team prime the company for significant economic growth.

The company’s flagship Bonnie Claire lithium project is 80 percent owned by Iconic and presents very promising resource potential. Early exploration campaigns on the property have revealed high recoveries of lithium values from sediments and additional commercially viable by-products the company can capitalize on. Iconic Minerals is operating it as a joint venture with Nevada Lithium, which obtained a 20 percent interest in March 2021.

The Bonnie Claire lithium property encompassed in the famous Sarcobatus Valley holds 1,155 claims covering over 18,300 acres (28.6 square miles). Operating in the same state as one of Tesla’s facilities, the property leverages excellent infrastructure, strategic positioning and prime mining conditions.

The company’s other highly prospective lithium property is its Smith Creek Valley property in Nevada. The property hosts considerable similarities in geochemical and geological characteristics to the nearby Clayton Valley Basin, where lithium brines are produced. This comparison presents Iconic with exciting development potential and warrants further exploration.

Iconic closed a financing of C$1,000,000 in the beginning of 2021 and announced an additional funding of US$1,600,000 in March from its joint venture partner, Nevada Lithium, which completed Phase One of its Joint Venture Option Agreement with Iconic, for 20 percent interest in the Bonnie Claire. This funding has enabled the accelerated development of the company’s Bonnie Claire lithium project. The funding also pushes the pathway to production forward for the project, which consists of metallurgical testing, groundwork, an extensive drilling program and bulk sampling over the next 12 months. This includes the completion of its Preliminary Economic Assessment in Q2 of 2021. A Plan of Operation for the Bonnie Claire project has also been initiated.

A world-class leadership heads Iconic. The team brings years of expertise in mineral exploration, venture capital markets and corporate finance. Together they have built a highly attractive mining project portfolio prepped for success.

Iconic’s Company Highlights

  • Iconic is a mining exploration and development company focused on exciting lithium and gold projects in Nevada, US.
  • The company’s flagship Bonnie Claire lithium project hosts excellent lithium extraction and discovery potential and exists in one of the state’s largest landholdings. It has the potential to be one of the largest deposits in the US.
  • The company has 80 percent ownership of the Bonnie Claire lithium project, and Nevada Lithium a 20 percent interest.
  • Iconic’s other highly prospective lithium property in Nevada is its Smith Creek Valley property. The Smith Creek Valley basin has the potential to mimic the significant successes of adjacent basins and projects in the area.
  • Iconic’s expertly curated project portfolio also includes exciting gold properties that host excellent development and discovery potential.

Iconic’s Key Projects

Bonnie Claire Project

The Bonnie Claire property, which sits within the Sarcobatus Valley, is approximately 30 kilometers long and 20 kilometers wide. The surrounding region’s geochemical profile contains quartz-rich volcanic tuffs, anomalous amounts of lithium and salt flats that have yielded lithium values up to 340 ppm at surface and up to 2,500 ppm in the sediments. The current estimates of depth to basement rocks range from 600 to 1,200 meters, with the potential to expand. A 2018 NI 43-101 report defined an inferred resource of 5.37 billion kilograms LCE with an average grade of 963 ppm lithium.

A recent drill program identified four drill holes with 43-101 compliant resources of 28.58 billion kilograms of lithium carbonate equivalent. The drill program that defined the current resource only covered an area of 3 km2, but previous geophysics points at a potentially much larger mineralized area of 27.3 km2.

Drilling to date has shown exciting lithium mineralization systems that could be greater than 600 meters. The company already has significant drilling permits and metallurgy to advance the development and determine the most efficient recovery method for the project.

Smith Creek Valley Property

Smith Creek Valley property sits within Nevada’s Smith Creek Valley, which is over 64 km long in a north-northeast direction and averages 14.5 kilometers in width. Iconic currently controls 808 placer claims totaling 65.4 km2.

The enclosed Smith Creek Valley Basin covers 1,507 km2 and leverages strategic positioning near the Clayton Valley Basin, where lithium brine is produced. The majority of rock weathering into the basin is lithium-rich felsic ash flow tuff. Activity in this geothermal region is believed to be a major contributing factor to developing these economic lithium brines.

Previous work on the property includes a gravity study of the Smith Creek Valley area, which revealed a large gravity under the southern portion of the valley. Additionally, sampling of brine evaporates located northwest of the project site returned lithium values of up to 470 ppm. These findings could mean geothermally heated groundwater is bringing up lithium mineralization to the surface.

Iconic’s Management Team

Richard R. Kern, B.Sc., M.Sc., P.Geo. — President, CEO & Director

Richard R. Kern is a professional geologist with over 25 years of experience in base and precious metal exploration in the US, Central America, South America and Australia. He has been involved in significant discoveries in the Western US and Australia, including recent finds at Fire Creek Mine, Nevada; Moss Mine, Arizona; and Bruner Property, Nevada.

His hands-on, field-oriented mentor management style has been implemented with great success. Kern’s exploration involves a mixture of geology, geochemistry and drilling with state of the art GIS, geochemical and geophysical methods. Kern was a principal in the companies Bristle Cone Ventures LP, Geo Surveys and Sierra Vision Launch LLC. He has held executive and management level positions in companies such as Western North America North Mining Inc., Homestake Mining company, Superior Oil and US Geological Survey.

Kern’s areas of expertise include establishing base and precious metal exploration programs throughout North America, emphasizing Western US, Mexico, Honduras and Panama. He has also managed significant gold and copper exploration projects in Western US, Australia, Mexico and Ecuador, including some minor work in New Guinea, Malaysia, China and Fiji.

Kern has a Masters of Science Degree in Geology from Idaho State University and a Bachelor of Science Degree from Montana State University in Geology.

Richard Barnett, CPA, CGA — CFO & Secretary

Richard Barnett has extensive corporate experience as a CFO, controller and secretary with over 20 years of accounting experience serving both public and private corporations. His experience covers many companies producing oil and gas, resource and explorations, engineering, and research and development. Barnett is a member of the Certified General Accountants of British Columbia. To stay abreast of new business procedures, he has taken extensive business and accounting courses in addition to regulatory courses and workshops. In addition to overseeing the company’s accounting functions, Barnett’s responsibilities include managing the annual audit, budgeting, preparation of financial statements and management discussions and analyses.

Keturah Nathe — Director and VP Corporate Development

Keturah Nathe has 13 years of experience in the corporate finance and management industry, including investor relations, corporate finance, mergers and acquisitions, corporate development and corporate management as a director and officer.

Huitt Tracey — Director

Huitt Tracey has been involved in the North American venture capital markets for over 22 years. Serving in capacities as stockbroker, director, officer or investor relations consultant, he has provided expertise to numerous companies in industries, including advanced technology, IP, telecommunication, biotechnology, energy and mining. In more than a decade as an Account Executive with brokerage firms that specialize in the corporate financing of American and Canadian ventures, he assisted in the initial public offering and development funding of many now well-established companies that pioneered innovative and disruptive technologies.

Jurgen Wolf — Director

Jurgen Wolf has been involved in the oil and gas industry for more than 26 years, assisting public companies with investor relations and administration. Wolf was educated in Germany and immigrated to Canada in 1953. From 1958 to 1982, he operated and owned pre-cast concrete factories in Calgary and Vancouver, and from 1982 to 2002, he operated and owned J.A. Wolf Projects Ltd., a commercial construction company.

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Iconic Updates 2022 Work Program Progress at Bonnie Claire Lithium Project

Iconic Updates 2022 Work Program Progress at Bonnie Claire Lithium Project

Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") and its 50% partner in Bonnie Claire, Nevada Lithium Resources Inc. (CSE: NVLH) (FSE: 87K) ("Nevada Lithium") are pleased to provide an update on the 2022 mineral exploration and development work that has commenced on the Bonnie Claire Lithium Project (the 'Project' or 'Property'), located in Nye County, Nevada.

Drill contracts for mud rotary and core drilling at the Property have been signed with initial drilling expected to begin shortly. Site preparations have begun, with initial work being conducted under the Notice of Intent ("NOI") environmental permit currently in place. Further drilling will commence after the approval of the Plan of Operations. The drill program will include core and mud rotary drilling. The core drilling contractor is American Drilling Corporation based in Spokane Valley, Washington. All mud/rotary holes will be drilled by Harris Exploration Drilling based in Fallon, Nevada.

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Iconic Announces 2022 Work Program at Bonnie Claire Lithium Project

Iconic Announces 2022 Work Program at Bonnie Claire Lithium Project

Iconic Minerals Ltd. (TSXV: ICM) (OTC PINK: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to provide an update on the 2022 mineral exploration and development plans for the Bonnie Claire Lithium Project (the 'Project' or 'Property'), located in Nye County, Nevada. The work plan is the culmination of discussions between the Company and its 50% partner in Bonnie Claire, Nevada Lithium Resources Inc. (CSE: NVLH; FSE: 87K) ("Nevada Lithium"). The approximately $5M USD work program has been fully funded by Nevada Lithium through its Property earn-in payments to Iconic, as part of the Option Agreement whereby Nevada Lithium obtained its 50% interest.

Iconic Minerals Ltd. CEO, Richard Kern, comments: "With funding in place and our Plan of Operation (PoO) filed with the BLM, the Company will complete a major expansion of its exploration and development program in 2022. The transition from resource to reserve and moving toward completion of a Pre-Feasibility Study (PFS) is a major step forward in defining this major Lithium deposit."

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Iconic Receives 2nd Option Payment for Bonnie Claire and Extends Deadline for Final Payment

Iconic Receives 2nd Option Payment for Bonnie Claire and Extends Deadline for Final Payment

Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce that the Company has received the second option payment of $2MM USD from Nevada Lithium Resources Inc. ("Nevada Lithium") which increases Nevada Lithium's aggregate ownership in the Bonnie Claire Project to 35%. Concurrent with the payment, Iconic and Nevada Lithium have also agreed to an amendment of the Option Agreement, which extends the deadline for the third and final option payment under the agreement until December 15th, 2021. Upon payment of the third option of $2MM USD, Nevada, will have fully earned its option for an aggregate 50% ownership in the Bonnie Claire Project.

"We are pleased to announce the receipt of the second option payment from Nevada Lithium and look forward to working in partnership to confirm what we believe to be one of the largest world class lithium deposits. The Company anticipates the acceptance of the Plan of Operations in the near future and is eager to commence our 2022 drilling campaign at the Bonnie Claire Property. The data collected from this campaign is integral to the completion of the Pre-Feasibility Study and the next stage of our development towards Pre-Production," said Iconic CEO, Richard Kern.

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Iconic Provides Corporate Update

Iconic Provides Corporate Update

Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to provide a corporate update. The Company previously announced the completion of the Preliminary Economic Assessment (the "PEA") which confirmed that the Company's flagship lithium property, the Bonnie Claire, is economically feasible using borehole mining techniques. In the new year, the Company will further study borehole mining, as well as other mining techniques.

Plan of Operations

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Iconic Releases Positive Preliminary Economic Assessment Report on Bonnie Claire Indicating Minimal Environmental Surface Disturbance

Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce it has released Preliminary Economic Assessment report ("PEA") for the Bonnie Claire project (the "Property") located 48 km (30 miles) north of Beatty, Nevada. The report was done by Global Resource Engineering Ltd. ("GRE") of Denver, Colorado. Using the updated NI 43-101 resource report released September 1 by the Company GRE determined what portion of the resource is defined as borehole mineable. This resource, as reported in the PEA is as follows:

Bonnie Claire Statement of Mineral Resource

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Albemarle Corporation Announces Redemption of All Outstanding 4.150% Senior Notes Due 2024

ALBemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced that it intends to redeem all its outstanding 4.150% Senior Notes due 2024 (CUSIP No. 012725 AC1, ISIN No. US012725AC13) (the "Notes") on June 12, 2022 (the "Redemption Date").

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

The Notes will be redeemed at a redemption price equal to the greater of (1) 100% of the principal amount of the Notes and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes (exclusive of interest accrued to the Redemption Date) from the Redemption Date through the Par Call Date, as defined in the Notes (assuming the Notes matured on the Par Call Date), in each case discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) plus 30 basis points, plus in each case, accrued and unpaid interest on the redeemed Notes to, but not including, the Redemption Date.

The Notes will be repaid with a portion of the net proceeds from Albemarle's offering of $1.7 billion aggregate principal amount of senior notes completed on May 13, 2022 .

Holders of any Notes in certificated form will be paid the Redemption Price upon presentation and surrender of their Notes for redemption at the address of the Trustee and Paying Agent indicated below.   Notes in book-entry form must be surrendered through the facilities of The Depository Trust Company in the usual manner, and payment of the Redemption Price will be made through the facilities of The Depository Trust Company in the usual manner.  Notes called for redemption must be so surrendered to collect the Redemption Price.

Albemarle has instructed U.S. Bank Trust Company, National Association, as the Trustee and Paying Agent for the Notes (the " Trustee "), to distribute a Notice of Redemption to all registered holders of the Notes on or about May 13, 2022.  Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from the Trustee by calling its Bondholder Communications team at 1-800-934-6802 Monday through Friday from 8 a.m. Central Time to 6 p.m. Central Time or by visiting the Trustee and Paying Agent's website at www.usbank.com/corporatetrust and clicking on the "Bondholder Information" link for redemption instructions.

This announcement is for informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell, nor shall there be any sale of any of the Notes in any jurisdiction in which the circumstances of such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction.

About Albemarle Corporation

ALBemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

Forward-Looking Statements

Some of the information presented in this press release, including, without limitation, the Company's ability to complete the redemption and reduce its outstanding indebtedness, and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause Albemarle's actual results to differ materially from the view expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; changes in financial and operating performance of its major customers and industries and markets served by it; the timing of orders received from customers; the gain or loss of significant customers; market correction in lithium market pricing; changes with respect to contract renegotiations; potential production volume shortfalls; competition from other manufacturers; changes in the demand for its products or the end-user markets in which its products are sold; limitations or prohibitions on the manufacture and sale of its products; availability of raw materials; increases in the cost of raw materials and energy, and its ability to pass through such increases to its customers; technological change and development, changes in its markets in general; fluctuations in foreign currencies; changes in laws and government regulation impacting its operations or its products; the occurrence of regulatory actions, proceedings, claims or litigation (including with respect to the U.S. Foreign Corrupt Practices Act and foreign anti-corruption laws); the occurrence of cyber-security breaches, terrorist attacks, industrial accidents or natural disasters, the effect of climate change, including any regulatory changes to which it might be subject; hazards associated with chemicals manufacturing; the inability to maintain current levels of insurance, including product or premises liability insurance, or the denial of such coverage; political unrest affecting the global economy, including adverse effects from terrorism or hostilities; political instability affecting our manufacturing operations or joint ventures; changes in accounting standards; the inability to achieve results from its global manufacturing cost reduction initiatives as well as its ongoing continuous improvement and rationalization programs; changes in the jurisdictional mix of its earnings and changes in tax laws and rates or interpretation; changes in monetary policies, inflation or interest rates that may impact its ability to raise capital or increase its cost of funds, impact the performance of its pension fund investments and increase its pension expense and funding obligations; volatility and uncertainties in the debt and equity markets; technology or intellectual property infringement, including cyber-security breaches, and other innovation risks; decisions it may make in the future; future acquisition and divestiture transactions, including the ability to successfully execute, operate and integrate acquisitions and divestitures and incurring additional indebtedness; continuing uncertainties as to the duration and impact of the coronavirus (COVID-19) pandemic; performance of Albemarle's partners in joint ventures and other projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K any subsequently filed Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

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SOURCE Albemarle Corporation

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Approval of the Rehabilitation and Restoration Plan Concerning the Rose Lithium-Tantalum Mining Project

Approval of the Rehabilitation and Restoration Plan Concerning the Rose Lithium-Tantalum Mining Project

Critical Elements Lithium Corporation (the "Company" or "Critical Elements") (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) is pleased to announce that the Québec Minister of Energy and Natural Resources (the "Minister") has approved the rehabilitation and restoration plan concerning the Rose Lithium-Tantalum Mining Project (the "Rose Lithium-Tantalum Project" or the "Project

The approval of the rehabilitation and restoration plan is a prerequisite to the granting of the mining lease that will be necessary to move forward with the Project. The rehabilitation and restoration plan contains, in particular the description of the rehabilitation and restoration work relating to the Project and a detailed estimate of the expected costs to be incurred for completing the work. Now that the rehabilitation and restoration plan is approved, the Corporation must furnish a guarantee covering the anticipated cost of completing the work required under the rehabilitation and restoration plan, in accordance with the schedule of payments established pursuant to applicable laws.

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CRU: Battery Metals in Focus, What to Watch in Pricing and Supply Chains

After 2021's big price increases for raw materials, all eyes are on what may happen next in the electric vehicle (EV) market ― the main driver of demand for battery metals such as lithium and cobalt.

EV sales had a stellar year in 2020, even as the world suffered through the brunt of the COVID-19 pandemic, and 2021 brought strong sales numbers as well.

“EV sales doubled last year alone, and we're expecting them to surpass 10 million this year,” Harry Fisher of CRU Group told the audience at the RIU Resources Round-Up in Sydney last week.

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Transport Sector Agreement Boosts Local Network

Transport Sector Agreement Boosts Local Network

Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’), through its wholly owned Spanish subsidiary Extremadura New Energies, is pleased to announce the execution of a collaborative agreement with the Association of Transport Entrepreneurs of Extremadura (‘Asemtraex’). Extremadura New Energies and Asemtraex will work together to promote economic development opportunities within the freight sector in the community of Cáceres and Extremadura through support for the integrated lithium chemical conversion project.

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Noram Lithium

Noram Completes Major Milestone: Infill Drill Program for Pre-Feasiblity Study Completion and Commencement of Plan of Operations

Sandy MacDougall, CEO of Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to announce" that the Company has successfully completed the Phase VI infill drill program on the Zeus Lithium Project in Clayton Valley, Nevada. The Zeus Project contains a current NI 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,000tonne LCE

All 12 of the Phase VI proposed holes were completed to, or beyond, their anticipated depths for a total of 5246 ft (1599 m) of drilling. Most of the holes were drilled with HQ-size core with a diameter of 2.5 inches (63.5 mm). However, 4 of the holes were drilled with PQ-size (3.35 inches, 85 mm diameter) to be used for the ongoing metallurgical test work. The samples from the core have been hand-delivered to ALS Laboratory in Reno, Nevada for processing. QA/QC samples have been inserted into the sample stream to confirm sample results.

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