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Nevada Lithium Resources Inc C.NVLH

Alternate Symbol(s):  NVLHF

Nevada Lithium Resources Inc. is a Canada-based mineral exploration and development company. The Company is focused on its core asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, where it holds a 100% interest. The Bonnie Claire Lithium Project has approximately 915 placer claims and covers over an area of approximately 18,300 acres. It has a NI 43-101 inferred mineral resource of 3,407 million tons (Mt) grading 1,013 ppm Li for 18.372 million tons (Mt) of contained lithium carbonate equivalent (LCE), at a cut-off grade of 700 ppm Li2.


CSE:NVLH - Post by User

Post by donteatbeyond2on Sep 22, 2022 10:31pm
147 Views
Post# 34980798

BC businessman faces allegations of fraud

BC businessman faces allegations of fraudFrom the article relating to the former CEO of mining firm Advantage Lithium Corp: "Vancouver businessman David Sidoo was allegedly part of a business ring that defrauded investors out of millions of dollars, according to a court filing from the U.S. Securities and Exchange Commission (SEC). According to the complaint, the "global" scheme to defraud investors involved four of Sidoo's co-defendants, as well as six other people who have been criminally charged as part of a separate FBI investigation. "These pernicious 'pump and dump' schemes made the defendants rich while causing real harm to ordinary, retail investors who were left swallowing the losses," said U.S. federal attorney Damian Williams in a statement announcing the FBI's criminal charges.....Regulators say the defendants bought stocks in various companies, artificially inflated their stock prices, and then sold the assets to unsuspecting investors, making millions of dollars in the process."
https://www.cbc.ca/news/canada/british-columbia/david-sidoo-fraud-allegations-1.6421796

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