Financial Data and Key Metrics Changes - Fiscal Year 2025 marked a transformative year for the company, moving from development to commercial readiness, with a robust after-tax NPV of $725 million and a 19% project IRR confirmed by the pre-feasibility study [2][3] - The after-tax NPV is approximately $469 million with a 16% project IRR, and free cash flow over the life of the mine is estimated at roughly $3.7 billion pre-tax [4] Business Line Data and Key Metrics Changes - The company successfully qualified its high-purity boric acid with 14 customers across various industries, indicating strong demand for U.S.-based boron supply [5][6] - Phase one targets 130,000 short tons per year of boric acid, with all-in sustaining costs estimated at $555 per ton and initial capital at about $435 million [4] Market Data and Key Metrics Changes - The company noted a significant supply chain risk in the boron market, particularly due to disruptions from major producers, which has created a clear opportunity for new market entrants [10][11] - The second largest boric acid producer in the U.S. has seen costs increase approximately 60% since 2017, highlighting the need for new production sources [10] Company Strategy and Development Direction - The company is focused on advancing towards a final investment decision (FID) by mid-2026, with early FEED engineering activities already commenced [8][9] - The company aims to build a strong and resilient boric supply chain to support the U.S. industrial base for generations [20] Management's Comments on Operating Environment and Future Outlook - Management emphasized the fundamental need for a new market producer in the boron sector, especially in light of supply shortfalls expected to begin in 2026 [11] - The company is optimistic about progressing full-scale testing with multiple specialty glass manufacturers and securing additional qualifications and initial offtake agreements [11] Other Important Information - The company received a non-binding LOI from USXM for a potential $285 million project debt facility, which is a significant step towards funding phase one construction [3] - The company has submitted a formal response to the U.S. Geological Survey draft critical minerals list, advocating for boron to be included [9] Q&A Session Summary Question: Can you review the comments you had about the disruption to the California boron mine? - Management explained that Rio Tinto has streamlined its business structure, placing its industrial minerals segment under strategic review, which includes borates [15] Question: To get boron on the U.S. Geological Survey critical minerals list, what needs to happen in terms of the review? - Management indicated that public comments are essential for the review process, and they submitted their comments along with other groups during the 30-day public comment window [16][17]

VANCOUVER, British Columbia, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Nevada Lithium Resources Inc. (TSXV: NVLH; OTCQB: NVLHF; FSE: 87K) (“Nevada Lithium” or the “Company”) is pleased to announce that on September 7, 2025, it signed a non-binding Letter of Intent (“LOI”) with Korean-based Hydro Lithium Inc. (101670.KQ) (“Hydro Lithium”), relating to the recovery of critical minerals from Nevada Lithium’s 100% owned Bonnie Claire lithium and boron project (the “Project” or “Bonnie Claire”), located in Nye County, ...