or for dissemination in the United States.
NEVADA LITHIUM ANNOUNCES PROPOSED EXTENSION OF
WARRANT EXPIRY DATE
Not for distribution to United States newswire services or for dissemination in the United States.
Vancouver, British Columbia – June 26, 2026 – Nevada Lithium Resources Inc. (TSXV: NVLH)
(the “Company” or “Nevada Lithium”) announces that, subject to acceptance by the TSX Venture
Exchange (the “TSXV”), the Company intends to amend the terms of an aggregate of 41,333,333
outstanding common share purchase warrants (the “Warrants”) of the Company by extending the
expiry date of the Warrants from July 7, 2026 to July 7, 2028 (the “Proposed Amendment”).
The Warrants were issued on July 7, 2023 upon the automatic conversion of 41,333,333
subscription receipts (the "Subscription Receipts") of the Company issued under the Company's
previously announced non-brokered private placement of Subscription Receipts at a price of $0.15
per Subscription Receipt, which was announced by news release dated June 20, 2023 (the " 2023
Offering"). The Subscription Receipts converted into units of the Company (each comprised of
one common share of the Company (a “ Common Share”) and one Warrant) upon satisfaction of
the escrow release conditions, which occurred concurrently with the closing of the Company's plan
of arrangement with Iconic Minerals Ltd. as announced by news release dated July 10, 2023. Each
Warrant currently entitles the holder thereof to purchase one Common Share at an exercise price
of $0.25 per share until July 7, 2026.
Other than the proposed extension of the expiry date, all other terms and conditions of the Warrants
will remain unchanged, including the exercise price of $0.25 per Common Share. The Proposed
Amendment is subject to acceptance by the TSXV, and there can be no assurance that such
acceptance will be obtained. None of the Warrants subject to the Proposed Amendment were issued
to any agent, broker or finder as compensation for services.
About Nevada Lithium Resources Inc.
Nevada Lithium Resources Inc. is a mineral exploration and development company focused on
shareholder value creation through its core asset, the Bonnie Claire Lithium Project, located in Nye
County, Nevada, where it holds a 100% interest. The Company recently filed a PEA on the Bonnie
Claire Lithium Project. The PEA has an effective date of March 31, 2025 and presents a $6.829
billion after -tax Net Present Value (“NPV”) at an 8% discount rate, based on $24,000/tonne
Li2CO3, $950/tonne boric acid, together with a 32.3% after-tax Internal Rate of Return (“IRR”).
Results of the PEA were announced in the Company's news release, dated August 6, 2025. The
PEA is preliminary in nature and includes Inferred Mineral Resources that are too speculative
geologically to be classified as Mineral Reserves. There is no certainty that the results of the PEA
will be realized.
For further information on Nevada Lithium and to subscribe for updates about Nevada Lithium,
please visit its website at: https://nevadalithium.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
NEVADA LITHIUM RESOURCES INC.
Stephen Rentschler
Chief Executive Officer
For further information, please contact:
Stephen Rentschler
Chief Executive Officer
Tel: (604) 900-3341
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward -looking statements" and "forward- looking
information" within the meaning of applicable Canadian securities laws (collectively, "forward -
looking statements"). All statements, other than statements of historical fa ct, are forward-looking
statements and are based on expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or performance (often, but not always,
using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does
not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or " intends"
or variations of such words and phrases, or stating that certain actions, events or results "may" or
"could", "would", "might" or "will" be taken to occur or be achieved) are not statements of
historical fact and may be forward-looking statements.
Forward-looking statements in this news release include, but are not limited to, statements
regarding: the Proposed Amendment; the anticipated receipt of acceptance of the Proposed
Amendment from the TSXV; the timing for receipt of such acceptance; the ant icipated amended
expiry date of the Warrants; and the Company's business plans, objectives and strategies.
These forward -looking statements are based on a number of assumptions, including, without
limitation: that the TSXV will accept the Proposed Amendment on the terms described herein and
on a timely basis; that the Company will be able to satisfy all applicable requirements of TSXV
Policy 4.1 in connection with the Proposed Amendment, including the requirements of Sections 3.1
and 3.2 thereof; that no event will occur prior to TSXV acceptance that would cause the Company
to be unable to complete the Proposed Amendment; and that general business, economic,
competitive, political and social conditions will remain consistent with the Company's expectations.
Forward-looking statements are subject to a number of known and unknown risks, uncertainties
and other factors which may cause actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements expressed or implied
by the forward-looking statements, including, without limitation: the risk that the TSXV may not
accept the Proposed Amendment on the terms described herein, or at all; the risk that TSXV
acceptance is not obtained in advance of the current expiry date of the Warrants on July 7, 2026,
in which case the Warrants would expire in accordance with their existing terms; changes in
applicable laws, regulations or stock exchange policies; risks associated with capital markets and
the price of and demand for the Common Shares; and the other risks identified in the Company's
continuous disclosure record available under its profile on SEDAR+ at www.sedarplus.ca.
Although the Company has attempted to identify important factors that could cause actual results,
performance or achievements to differ materially from those contained in the forward- looking
statements, there can be other factors that cause results, performance or achievements not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially from those anticipated in
such statements. The Company does not undertake to update any forward-looking statements that
are contained or incorporated by reference herein, except in accordance with applicable securities
laws. Readers should not place undue reliance on forward-looking statements.
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 news release.