Sienna Resources Inc. Looking to Commence Operations in Nevada on Its Lithium Projects

The most recent news release dated January 13, 2026, states that Sienna Resources Inc. intends to recommence operations on its lithium projects in Nevada, specifically the Cave Creek and Clayton Valley Deep Basin projects. Management cites a reported 150% increase in lithium prices since June 2025 as the primary driver for this renewed focus. The company claims to have approximately $1.5 million USD in cash, which it deems a strong financial position to advance these assets throughout 2026. This announcement follows a series of private placements in late 2025 and the acquisition of the Cave Creek project in August 2025.

• Cash Position: The $1.5 million USD cash pile is a material improvement from mid-2025. This provides a legitimate runway for exploration, which was previously a concern when the company was raising smaller amounts ($500k) in June 2025.
• Shift in Focus: The company appears to be chasing macro trends. In May 2025, the priority was the Stonesthrow gold project in Saskatchewan. By January 2026, the focus has shifted entirely to Nevada lithium. While lithium prices may have recovered, this "project churn" suggests a lack of technical conviction in any single asset.
• Operational Readiness: The news is an "intent to work" rather than a report of work completed. No specific drill dates, permit approvals, or contractor mobilizations were mentioned. Consequently, the immediate impact on the stock price is likely muted until a specific work program is launched.
• Dilution Reality: To reach this "strong financial position," the company significantly expanded its share capital through 2025, which will act as a drag on per-share value moving forward.

Sienna Resources is a junior exploration company with a portfolio of lithium and gold assets in North America. - Flagship Project (Current): Cave Creek Lithium Project, Nevada. This consists of 61 contiguous claims (1,230 acres) bordering Surge Battery Metals' Nevada North lithium project. Sienna is targeting high-grade lithium claystone mineralization similar to its neighbor. - Secondary Project: Clayton Valley Deep Basin Lithium Brine Project, Nevada, which is surrounded by Schlumberger (SLB) land in the only producing lithium brine basin in the U.S. - Legacy Project: Stonesthrow Gold Project, Saskatchewan, a large-scale land package prospective for gold.