Business
Iconic Minerals and Nevada Lithium Enter into Letter of Intent to Consolidate 100% Ownership Interest in the Bonnie Claire Lithium Property, Nevada
Iconic Minerals and Nevada Lithium Enter into Letter of Intent to Consolidate 100% Ownership Inte...
About this update from Iconic Minerals Ltd
[{"type":"text","content":"\n \n \n \n Iconic Minerals and Nevada Lithium Enter into Letter of Intent to Consolidate 100% Ownership Interest in the Bonnie Claire Lithium Property, Nevada\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 9, 2023\n \n \n /CNW/ - Iconic Minerals Ltd. (\"\n \n Iconic\n \n \") (TSXV: ICM) (OTCQB: BVTEF) (FSE: YQGB) and Nevada Lithium Resources Inc. (\"\n \n Nevada Lithium\n \n \") (CSE: NVLH) (OTCQB: NVLHF) (FSE:\n \n 87K\n \n ) are pleased to announce that they have entered into a letter of intent dated\n \n January 6, 2023\n \n (the \"\n \n LOI\n \n \"), whereby Nevada Lithium and Iconic would consolidate 100% interest in the Bonnie Claire Lithium project located in\n \n Nye County, Nevada\n \n (the \"\n \n Project\n \n \" or the \"\n \n Bonnie Claire Project\n \n \"), whereby Nevada Lithium would hold a 100% interest in the Project (the \"\n \n Proposed Transaction\n \n \"). The Proposed Transaction has the unanimous support of each company's board of directors.\n \n \n \n \n \n \n \n \n \n Nevada Lithium CEO,\n \n Stephen Rentschler\n \n , commented:\n \n \"We are pleased to announce the signing of the LOI with Iconic for the Bonnie Claire Property.  With 100% consolidated ownership, the company's ability to negotiate with strategic investors and lithium end-users will be significantly enhanced. This is a key to unlocking shareholder value\n \n .\n \n \"\n \n \n \n \n Richard Kern\n \n , Iconic's CEO, added,\n \n \"The Proposed Transaction represents an opportunity for Iconic shareholders to be part of a reunification of the Bonnie Claire Project under consolidated ownership and to continue to participat...