Core Insights - E3 Lithium has successfully completed the sale of its non-core Estevan Lithium District assets for cash proceeds of US$4.0 million (approximately C$5.6 million) [1][2] - The sale is reported to provide nearly a three-time return on the total cost incurred by E3 Lithium to acquire, hold, and develop the Estevan Assets [3] - The proceeds from the sale will enable E3 Lithium to focus on advancing its flagship Clearwater Project in Alberta, alongside recent equity financing [3] Financial Details - The final cash proceeds from the sale are net of permitted purchase price adjustments of approximately US$0.3 million [2] - E3 Lithium's Clearwater Project has a pre-tax NPV (8%) of USD 5.2 billion with a 29.2% IRR and an after-tax NPV (8%) of USD 3.7 billion with a 24.6% IRR [4] Company Overview - E3 Lithium holds a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) in Measured and Indicated resources, along with 0.3 Mt LCE Inferred resources in Alberta, and 2.5 Mt LCE Inferred resources in Saskatchewan [4]

Core Points - Surge Battery Metals Inc. has finalized transaction documents for a joint venture with Evolution Mining Limited to develop the Nevada North Lithium Project [1] - The transaction is set to close on December 1 and 2, 2025, following the U.S. Thanksgiving holidays [1][2] Company Overview - Evolution Mining Limited is a prominent global gold miner operating six mines, including five wholly-owned mines and an 80% stake in Northparkes [3] Project Details - The Nevada North Lithium Project is located in the Granite Range, Nevada, with significant lithium-bearing clay deposits identified over a strike length of more than 4,300 meters and a width exceeding 1,500 meters [4] - The project has an inferred resource of approximately 8.65 million tons of Lithium Carbonate Equivalent (LCE) with a grade of 2,955 ppm Li at a cutoff of 1,250 ppm [4] - A recently completed Preliminary Economic Assessment (PEA) indicates an after-tax NPV at 8% of US $9.17 billion and an after-tax IRR of 22.8% at a price of US $24,000 per ton LCE, with an OPEX of US $5,243 per ton LCE [4]

Core Insights - Surge Battery Metals Inc. is advancing its 2025 drilling program at the Nevada North Lithium Project (NNLP) to update resource estimates and support a Pre-Feasibility Study (PFS) planned for 2026 [1][2][4] - The company has engaged Cassidy & Associates to navigate U.S. federal policy and funding opportunities related to the domestic battery supply chain [4][7][8] Drilling Program - Surge is executing a nine-hole core drill program aimed at upgrading resources to Indicated and Measured categories, with completion expected by the end of October 2025 [2][3] - As of now, 80% of the drilling program has been completed, with initial observations showing promising results in lithium-bearing claystone horizons [3] Preliminary Economic Assessment (PEA) Results - The recently completed PEA indicates strong economic potential for the NNLP, with an after-tax NPV at 8% of US$9.17 billion and an IRR of 22.8% based on a lithium carbonate equivalent (LCE) price of US$24,000 per ton [6][10] - The project is expected to produce 3.6 million tons of battery-grade LCE over a 42-year mine life, with an average annual production of 86,300 tons [6] Engagement with Cassidy & Associates - Cassidy & Associates will assist Surge in advocating for federal funding opportunities, aligning with U.S. critical minerals strategies, and ensuring regulatory compliance as development progresses [7][8] - The engagement aims to enhance the company's capabilities in navigating the U.S. policy landscape [4][8] Marketing and Investor Awareness - Surge has entered into a marketing agreement with New Era Publishing Inc. for promotional services, aimed at increasing investor awareness [8]

Core Insights - Smackover Lithium, a joint venture between Standard Lithium and Equinor, announced a maiden inferred resource for its Franklin Project in Texas, highlighting significant lithium, potash, and bromide resources [1][3] - The project contains 2.2 million tonnes of Lithium Carbonate Equivalent (LCE) at an average lithium grade of 668 mg/L, along with 15.4 million tonnes of potash and 2.6 million tonnes of bromide [1][5] - The inferred resource marks a critical step towards achieving a production goal of over 100,000 tonnes of lithium chemicals annually through multiple phases [1][3] Company Overview - Standard Lithium is focused on sustainable lithium development, prioritizing high-grade resources and efficient permitting processes [20] - The company aims to achieve commercial-scale lithium production using a scalable direct lithium extraction (DLE) process [20] - Equinor, a partner in the joint venture, is committed to long-term value creation in a low-carbon future, with a diverse portfolio including oil, gas, and renewable energy projects [22] Project Details - The Franklin Project covers approximately 80,000 acres, with over 46,000 acres leased to support the inferred resource [5][9] - Exploration activities included 2D seismic surveys and the completion of three exploration wells in 2023, which confirmed high lithium brine concentrations [5][12] - The maiden resource report indicates a total inferred resource of 2,159,000 metric tonnes of LCE, 15,414,000 tonnes of potash, and 2,638,000 tonnes of bromide [5][7] Future Plans - The joint venture plans to further characterize the resource through additional drilling and seismic testing, aiming to refine the understanding of the aquifers and brine chemistry [14][15] - Direct lithium extraction testing will be conducted to leverage insights from Standard Lithium's existing demonstration plant [15]

Core Viewpoint - Wealth Minerals Ltd. has formed a joint venture, Kuska Minerals SpA, with the Quechua Indigenous Community of Ollagüe to develop the Kuska Project in the Salar de Ollagüe area, emphasizing community involvement and sustainable practices [1][6]. Company Structure and Ownership - Kuska Minerals is structured with 95% ownership held by Wealth Minerals and 5% by the Quechua Community, which includes preferential rights such as anti-dilution protection and the right to appoint one director to the board [2][3]. - The board of directors for Kuska Minerals includes five members, with Víctor Nina Huanca, the president of the Quechua Community, being one of the appointed directors [3]. Project Details - The Kuska Project spans over 10,200 hectares in the Salar de Ollagüe area and has undergone two exploration campaigns since Wealth began its development in 2019 [7]. - The project has an initial resource estimate of 741,000 tonnes of Lithium Carbonate Equivalent (LCE) with an average concentration of 175 mg/L, and inferred resources of 701,000 tonnes of LCE with an average grade of 185 mg/L [7]. - A preliminary economic assessment indicated an Internal Rate of Return (IRR) of 33% and a Net Present Value (NPV) of approximately US$1.65 billion for a project producing 20,000 tonnes of LCE per year over a 20-year mine life [7]. Future Steps and Community Involvement - The next steps for the Kuska Project include obtaining a Special Lithium Operating Contract (CEOL) and conducting an environmental impact assessment [4][5]. - The partnership is noted as a pioneering model for community involvement in mining projects in Chile, aligning with the National Lithium Strategy [5][7].