01:07 PM EDT, 08/06/2025 (MT Newswires) -- Nevada Lithium Resources ( NVLHF ) on Wednesday said a preliminary economic analyst (PEA) for its Bonnie Claire Lithium Project in Nevada shows the project can support a a $2.12-billion mining project.

The company said the analysis shows the underground mine would have an after-tax net present value of $6.83 billion, producing 62,354 tonnes of lithium carbonate and 129,533 tonnes of boric acid annually over a 61-year mine life that would recover its initial costs in less than three years.

"Bonnie Claire's investment metrics show a 32.3% after tax IRR, a capital payback of 2.8 years, and a capital intensity of $34,080/tonne lithium carbonate. A $1,973/tonne boric acid by-product credit generates a $6,800/tonne lithium carbonate operating cost," chief executive Stephen Rentschler said.

The study included an updated mineral resource estimate for the project, showing measured and indicated lithium 1,837-million tonnes of lithium resource and 103-million tonnes of boric acid.

The company's shares were last seen down $0.005 to $0.13 on the TSX Venture Exchange.

Price: 0.13, Change: -0.01, Percent Change: -3.70