VISION LITHIUM FILES UPDATED PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR THE SIRMAC LITHIUM PROJECT

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[{"type":"text","content":"\n \n \n \n VISION LITHIUM FILES UPDATED PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR THE SIRMAC LITHIUM PROJECT\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VAL-D'OR, QC\n \n \n ,\n \n \n Aug. 10, 2023\n \n \n /CNW/ -\n \n Vision Lithium Inc.\n \n (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the \"\n \n Company\n \n \" or \"\n \n Vision Lithium\n \n reports that it has filed an updated technical report supporting the Preliminary Economic Assessment (\"PEA\") for the Company's 100%-owned Sirmac Lithium Project, located within the Frotet-Evans Greenstone Belt of northern\n \n Quebec\n \n (the \"Technical Report\"). The Technical Report, titled \"NI 43-101 Technical Report: Preliminary Economic Assessment on Pegmatite Dike #5 Lithium-Tantalum Deposit; Sirmac Property, Québec\" dated\n \n February 15\n \n , 2023 (amended\n \n August 2, 2023\n \n ), was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\") by Mr.\n \n Claude Duplessis\n \n , P. Eng. Senior Engineer, GoldMinds Geoservices (\"GMG\") and Mr.\n \n Daniel Dufort\n \n , P. Eng. Engineer, GMG.\n \n \n \n \n \n \n \n \n \n The Technical Report contains certain non-material changes to the summary information contained in the Company's\n \n \n \n February 21, 2023\n \n \n \n , and\n \n \n \n March 27, 2023\n \n \n \n , news releases. In particular, the consultants have added a section on density measurements to validate mineral resources, as well as cautionary language related to market studies and contracts.\n \n \n The positive PEA, announced\n \n February 21, 2023\n \n , demonstrates the potential for Vision Lithium to develop the Sirmac deposit as a Direct Shipping operation (DSO) with potential very high returns.\n \n \n Preliminary Economic Assessment Highlights (all results are reported in Canadian Dollars unless otherwise specified):\n \n \n \n Pre-Tax net present value (\"NPV\") (discount rate 5%) of\n \n C$183.6M\n \n , internal rate of return (\"IRR\") of 839% and payba...

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