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ExGen Closes Acquisition of Lithium Properties in Nevada
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 09, 2026 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen” or the “Company”) is pleased to announce that, further to its news releases dated October 17, 2025, and April 30, 2026, the Company has completed the acquisition of an interest in three lithium properties in Nevada, including claims pursuant to two option agreements, and other associ
About this update from Exgen Resources Inc.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 09, 2026 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) ("ExGen" or the "Company") is pleased to announce that, further to its news releases dated October 17, 2025, and April 30, 2026, the Company has completed the acquisition of an interest in three lithium properties in Nevada, including claims pursuant to two option agreements, and other associated assets (the "Acquisition"), from an arm's length private company and its wholly owned subsidiary (the "Vendors", and each a "Vendor"). Pursuant to an asset purchase agreement between ExGen and the Vendors dated April 29, 2026 (the "Purchase Agreement"), ExGen acquired an option to purchase certain claims comprising the Spark South lithium property. In addition, pursuant to the Purchase Agreement, ExGen acquired options to purchase two additional properties providing exposure to two other prospective lithium districts in Nevada. NEVADA NORTH LITHIUM PROJECT ("NNLP") The Nevada North Lithium Project ("NNLP") located in Elko County, Nevada is held by Neveda North Lithium LLC, a joint venture between Surge Battery Metals Inc. ("Surge Battery") (70.54%) and Evolution Mining Limited ("Evolution") (29.46%). On May 14, 2026, Surge Battery announced a measured and indicated resource upgrade of the NNLP consisting of 657.5 million tonnes grading 3,007 ppm lithium containing 10.5 million tonnes of Lithium Carbonate Equivalent (LCE), (Surge Battery News Release, May 14th, 2026). Neveda North Lithium LLC has also commenced an advanced metallurgical optimization program with Kemetco Research Inc. to support the continuing prefeasibility study (PFS) for the project (Surge Battery News Release, April 1st, 2026). Surge Battery also announced the closing of a $36 million strategic financing and the addition of two strategic advisors (Surge Battery News Release, June 25th, 2026). THE SPARK SOUTH LITHIUM PROJECT The Spark South Lithium Project is adjacent to the southern boundary of the Nevada North Lithium Project ("NNLP") in Elko County, Nevada, The Spark South Lithium Project is believed to have a similar geological setting to the neighboring Nevada North Lithium Project and has the potential to host similar mineralization. ExGen cautions that exploration on its propertie...
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