Nevada Lithium lists in Frankfurt, applies for OTCQB trading
Minerals explorer Nevada Lithium’s shares are now cross listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange.
“There is significant demand from European investors for exploration and development stories like ours, and we are pleased that it will now be easier for those investors to participate in our growth, particularly as we advance the Bonnie Claire lithium project towards prefeasibility,” says CEO Stephen Rentschler.
Nevada Lithium is also applying to have its common shares posted for trading on the OTCQB Venture Market, a US trading platform that is operated by the OTC Markets Group in New York. The company believes that trading on the OTCQB will increase its visibility within the US capital markets.
The Bonnie Claire project is located in Nye county, Nevada. Nevada Lithium currently owns 20% of the Bonnie Claire project and has the option to earn up to 50% of the project. Iconic Minerals, the majority owner of Bonnie Claire, recently announced positive study results for the project.
These cover the first 40 years of production, with average output of 32 300 t/y of lithium carbonate equivalent (LCE) at an all-in sustaining cost of $6 057/t LCE. Using a base case price assumption of $13 400/t the PEA estimates a payback period of 6.7 years with upfront capital costs pegged at $547-million, including $126-million in contingency.
The project will use borehole mining to extract lithium, eliminating the need for an openpit and reduce tailings because they are injected back into the drill holes.
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