$NVLH Nevada Lithium $NVLH/$NVLH.C is heading into 2022 strong after closing its first tranche of funding after raising a total of $3.56 million.
$2 million of the proceeds will be used to secure a 35% ownership interest in the Bonnie Claire Lithium Project through payment to Iconic Minerals Ltd. From this point, $NVLH has an opportunity to buy into an additional 15% interest for a total of 50% ownership interest.
There’s not too much to report regarding the price action of shares of $NVLH. This could be a good thing though. If shares can consolidate a bit while $NVLH secures more capital and a larger interest in their current projects, we could see further news on the Bonnie Claire Project act as a considerable catalyst.
Shares of $NVLH are currently trading at $.485 and the company is valued at $23.54 million.