Amended PEA - NVLH is going broke NVLH is trying to negotiate creating a company as we speak - read the revised and restated PEA...look at the Option Agreement on ICMs part as Nevada Lithium is going broke and will not be able to participate in the PoO. Nevada Lithium is going to zero as ICM just needs to move forward with the PoO :
- "At present, the Bonnie Claire project is operated as an unincorporated joint venture between the Companies for an interim period prior to the formalization of operations through a joint venture agreement, which is in negotiations."
- "If Nevada Lithium fails to fund the Phase I exploration expenditures before the applicable exercise date, the Option Agreement will terminate and Nevada Lithium will not acquire any interest in the Bonnie Claire Property."