About the Lida Valley Lithium Project
The Lida Valley Lithium Project is a basin-scale clay-hosted lithium exploration project located in Lida Valley Esmeralda County, Nevada off high way 266. It is Managed and Operated by B&N Mining Company LLC representing the private ownership group.
The project encompasses a unified 849-claim land position covering approximately 10,000 acres of prospective lithium-bearing stratigraphy within a closed basin environment.
Since 2023, the project has advanced through phased exploration, strategic land consolidation, and systematic drilling designed to evaluate basin architecture and lithium-bearing claystone horizons.
The 2025 acquisitions of the EZ Block and the Gemini property established contiguous operational control across key structural corridors and deep basin targets, positioning the project for coordinated technical advancement.
Figure:
Regional map showing lithium exploration projects surrounding Tonopah, Nevada, including the Lida Valley Lithium Project and several advanced lithium development projects in adjacent basins.
Located in Central Nevada’s Emerging Tonopah Lithium Belt
Central Nevada has become one of the most active regions for lithium exploration in North America. A growing cluster of lithium projects is developing in the basins surrounding Tonopah, Nevada, forming what is increasingly recognized as an emerging lithium exploration corridor across the Walker Lane structural province.
The Lida Valley Lithium Project is located within this regional trend and lies in proximity to several advanced lithium exploration and development projects. These include the Rhyolite Ridge project operated by Ioneer, the Angel Island lithium project in Clayton Valley operated by Century Lithium, lithium brine operations and exploration projects in Clayton Valley associated with Albemarle and Pure Energy Minerals, the Bonnie Claire project operated by Nevada Lithium Resources, the Tonopah Flats project operated by American Battery Technology Company, the Tonopah Lithium Claims project operated by American Lithium, and the Columbus Basin project operated by Canter Resources.
These projects are situated within adjacent closed basins that formed under similar geological and tectonic conditions within the Walker Lane structural corridor. Many of these basins host fine-grained lacustrine sediments and volcanic ash deposits capable of concentrating lithium within claystone or brine systems.
The presence of multiple active exploration and development projects in the Tonopah region highlights the broader lithium potential of central Nevada. The Lida Valley Lithium Project occupies a large land position within one of these basin systems and represents an important component of this emerging Tonopah lithium exploration corridor.
Project Operator
The Lida Valley Lithium Project is operated by B&N Mining LLC, a U.S.-based exploration company focused on the advancement of lithium and other critical mineral assets in the western United States.
B&N Mining has consolidated the principal lithium-bearing areas of the Lida Valley basin into a unified exploration project through the acquisition and integration of the LVL, EZ, and Gemini claim blocks. This combined land position covers more than 17,000 acres of federal mining claims administered by the Bureau of Land Management and encompasses the primary structural lows and basin-floor stratigraphy interpreted to host lithium-bearing claystone.
Since 2023, B&N Mining has advanced the project through multiple exploration phases including reconnaissance drilling, systematic step-out drilling, land consolidation, and geophysical surveys. These efforts have confirmed the presence of laterally continuous lithium-bearing claystone horizons within the basin and established the geological framework for continued exploration.
Leadership & Technical Oversight
The Lida Valley Lithium Project is overseen and managed by B&N Mining LLC, a privately held U.S. exploration company focused on advancing critical mineral projects across the western United States. The Company is led by Delmar Nightingale, Head of B&N Mining, and Rex Savage, Vice President, who oversee strategic direction, project development, and capital allocation. Under their leadership, the project has grown into a district-scale lithium opportunity through systematic exploration, targeted acquisitions, and disciplined technical evaluation.
Technical management of exploration activities is conducted by Unhinged Geology LLC, led by Chief Geologist Liam Eades, who has overseen geological targeting, drilling programs, and basin modeling since early 2024.
Independent technical review of the project has been provided by Sam Bourque, P.Geo., AIPG CPG #11775, who serves as Qualified Person for the project under NI 43-101 standards.
Operating Philosophy
The Lida Valley Lithium Project is advanced through a disciplined, staged methodology designed to reduce geological uncertainty while maintaining operational flexibility.
The project prioritizes:
Data-driven targeting
Basin-scale structural interpretation
Controlled permitting advancement
Long-term development optionality
All work is conducted within Nevada’s established regulatory framework and in coordination with applicable federal and state agencies.
Three-Year Exploration Summary
2023 — Initial Reconnaissance on the LVL Block
The Company completed its first reconnaissance drill campaign on the LVL claim block in 2023 to establish stratigraphic context and basin geometry. While lithium values encountered during this phase were below the 400-ppm cutoff and mineralized claystone thickness was limited, the program successfully defined key basin architecture, confirmed stratigraphic position relative to the target horizon, and materially refined drill targeting. These results directly guided the design and placement of subsequent drill programs that led to the first confirmed lithium-bearing claystone intersections in 2024.
2024 — Confirmation of Lithium-Bearing Claystone
The 2024 drill campaign marked a pivotal advancement for the LVL Project, successfully intersecting laterally continuous lithium-bearing green claystone within the targeted stratigraphic horizon. Drilling demonstrated consistent grade and thickness across multiple sites, establishing a coherent geological framework for systematic step-out drilling and targeted land expansion. Subsequent publication of an Inferred Mineral Resource for the adjacent Gemini project in a NI 43-101 Technical Report — totaling approximately 7,127,476 tonnes of lithium carbonate equivalent (LCE) at a 400 ppm lithium cutoff — further strengthened the interpretation of a large, contiguous lithium clay system extending across the broader Lida Valley structural corridor. When integrated with gravimetric data, the results indicated southward continuation of the mineralized system and suggested structural connectivity between the LVL and Gemini basins through a potential lithium-bearing “bridge” zone.
2025 — Expansion Through EZ Block Acquisition and Continued Drilling
Acting on the insights from 2024, In March 2025, B&N Mining expanded its land position through the acquisition of the EZ Block, located south of the original LVL claims and Gemini Project. The EZ Block comprises of approximately 6600 acres covering 323 unpatented mining claims, extending control across the western portion of the valley and securing the southern extent of the LVL structural basin. During the 2025 drilling program, drill holes LVL25-01 through LVL25-06 further defined the lateral extent of lithium-bearing claystone and constrained the eastern boundary of the shallow mineralized system. Two additional drill holes drilled in early fall 2025, LVL25-07 and LVL25-08, also intersected lithium-bearing green claystone, with assays pending for LVL25-08.
2025 — Acquisition of the Gemini Project and Deep Basin Context
In mid-2025, B&N Mining acquired the Gemini Project, comprising approximately 4500 acres covering 223 unpatented mining claims, along with a dataset of five deep historical drillholes completed between 2022 and 2023 and multiple geophysical surveys. The Gemini drillholes demonstrate exceptionally thick lithium-bearing claystone developed within deeper structural lows of the same Lida Valley Basin system, providing important depth context to the shallower LVL and EZ results. Following acquisition, B&N Mining drilled GEM25-06 and GEM25-07 in fall 2025. Both holes encountered substantial claystone intervals; assays are pending.
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