Nevada Lithium signs Bonnie LOI with Hydro Lithium

Mr. Stephen Rentschler reports NEVADA LITHIUM RESOURCES AND HYDRO LITHIUM SIGN LETTER OF INTENT FOR DEVELOPMENT OF BONNIE CLAIRE CRITICAL MINERALS On Sept. 7, 2025, Nevada Lithium Resources Inc. signed a non-binding letter of intent with Korean-based Hydro Lithium Inc. relating to the recovery of critical minerals from Nevada Lithium's 100-per-cent-owned Bonnie Claire lithium and boron project, located in Nye county, Nevada. The LOI with Hydro Lithium was entered into in relation to the use of proprietary extraction technologies developed by Dr. Uong Chon, chief executive officer of Hydro Lithium, for the recovery of valuable elements leading to the development of additional revenue streams at Bonnie Claire, including, but not limited to, elements on the U.S. critical minerals list. The LOI also contemplates Hydro Lithium and Nevada Lithium entering into collaborative efforts to recover critical minerals from other North American properties, in addition to the project. The LOI is non-binding, and the parties agree to proceed toward negotiating a definitive agreement to complete the transactions contemplated under the LOI. The LOI terminates on the earlier of: (i) signing a definitive agreement; or (ii) Sept. 25, 2026. Nevada Lithium's chief executive officer and director, Stephen Rentschler, commented: "We are honoured to be working with Dr. Uong Chon and his Hydro Lithium team in Korea. Dr. Chon is credited with the development of Posco's successful lithium extraction technology, PosLX. Posco is the Republic of Korea's largest steel producer and is a significant lithium producer. PosLX is the technology driver behind Posco's lithium production. "Following his success at Posco, Dr. Chon's entrepreneurial vision and technical achievements have continued with Hydro Lithium and its CULH (battery-grade lithium chemical production) and CULX (lithium extraction from natural resources) processes. Nevada Lithium has entered this relationship with Hydro Lithium to evaluate these technologies and their potential to add on to the very strong investment metrics recently illustrated by Bonnie Claire's updated preliminary economic assessment, released on Aug. 6, 2025." He continued: "The relationship between Nevada Lithium, which is developing one of the largest and most valuable lithium/boron projects in Nevada, and Hydro Lithium, which currently produces battery-grade lithium hydroxide and lithium carbonate with an annual production capacity of 3,600 tonnes at its Geumsan-gun facility in Korea, is emblematic of the strengthening economic relationship between the United States and Korea." Hydro Lithium's chairman and chief executive officer, Dr. Chon, commented: "We are pleased to announce the beginning of our collaboration with Nevada Lithium Resources. We have been seeking strategic partnerships with global entities that own lithium-containing natural resources, particularly in the United States. "The U.S. hosts numerous potential sources of critical minerals, including lithium, many of which may pose challenges to economically viable extraction. Our proprietary technology, CULX, addresses these challenges, enabling the sustainable utilization of underutilized natural resources while minimizing environmental impact. At Bonnie Claire, we believe our technology has the potential to add to the project's excellent PEA economics with new or enhanced profit streams. "Nevada Lithium Resources' valuable asset, combined with Mr. Rentschler's extensive experience and insights in the mining industry, have driven our interest in this collaboration. We aim to add value to the Bonnie Claire project and advance this partnership to unlock additional natural resources across North America." About Nevada Lithium Resources Inc. Nevada Lithium Resources is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire lithium project, located in Nye county, Nevada, where it holds a 100-per-cent interest. The company completed a preliminary economic assessment (PEA) in August, 2025. The PEA concluded that Bonnie Claire could produce more than 62,300 tonnes of lithium carbonate and 129,500 tonnes of boric acid annually, over a 61-year mine life. Bonnie Claire's investment metrics show a 32.3-per-cent IRR (internal rate of return), a capital payback of 2.8 years and a capital intensity of $34,080 per tonne lithium carbonate. A $1,973-per-tonne-boric-acid byproduct credit generates a $6,777-per-tonne-lithium-carbonate operating cost. The 18,300-acre property has not been fully explored, and the trend of high-grade lithium and boron mineralization remains open in three directions. Qualified person disclosure The technical information in the above disclosure has been reviewed and approved by the designated qualified person under National Instrument 43-101, Dr. Jeff Wilson, PhD, FGC, PGeo, vice-president of exploration for Nevada Lithium, who is not independent of the company as defined by Section 1.5 of NI 43-101. We seek Safe Harbor.