Nice close on Friday, $0.25 on 522,000 shares.I have been in Nevada Lithium since December when there were great bargains due to depressed pricing of the majority of resource stocks. It is great to see that the Supreme Court of British Columbia has granted the final order approving the arrangement as of May 31, 2023. According to the press release yesterday, they are going to undertake another financing prior to closing the transaction.
Here is a good reason to buy this stock, or at least, this is the reason I bought this stock.
...".... The Bonnie Claire project is one the largest lithium resources in North America with a current National Instrument (NI) 43-101 inferred mineral resource 3,407 million tonnes (Mt) grading 1,013 ppm Li for 18,372 million kilograms of contained lithium carbonate equivalent, at a cut-off grade of 700 ppm Li. Mineral resources are not mineral reserves as they do not have demonstrated economic viability...."....
Nevada Lithium already has $5M in the bank, and now tha they have indicated they are raising more money prior to closing the transaction, sure starting to feel like this could be the next emerging lithium play. Patience my friends, this is going to be many months to achieve the best return.