B&N Mining Announces Public Introduction and Three-Year Exploration Summary for the Lida Valley Lithium Basin, Nevada
Lida Valley, Nevada – February 2026 — B&N Mining Company LLC (“the Company”) today formally introduces itself and summarizes three years of systematic lithium exploration across the Lida Valley Lithium project (LVL) in Lida Valley in southwestern Nevada. Since 2023, the Company has advanced from reconnaissance drilling to a basin-scale geological interpretation and drill-identified geologic target estimation supported by multi-phase drilling, land consolidation, and integration of historical datasets.
Exploration management has been conducted by Unhinged Geology LLC, with Chief Geologist Liam Eades assuming technical leadership in early 2024. Independent technical review has been provided by our QP Sam Bourque (AIPG CPG #11775) through remote review of geological data and results.
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.
Figure 1: Drilling map showing LVL, EZ, and Gemini drill holes across the consolidated property package and the original LVL claim box pre-expansion.
Comprehensive Drill Results (2023–2025)
Figure 2: Table of all drilling results to date conducted by B&N mining on the LVL property
Figure 3: Complete table of drill holes completed by Nevada Sunrise on the Gemini property prior to B&N Mining purchasing the property
Statement from the Chief Geologist
“Through systematic exploration and targeted land consolidation, we have unified the known lithium-bearing areas of the Lida Valley Basin under a single, integrated project,” said Liam Eades, Chief Geologist for B&N Mining. “Drilling across the LVL, EZ, and Gemini blocks confirms that lithium-bearing claystone occurs within a common basin system, with consistent stratigraphic position and increasing thickness toward structural lows. This consolidated dataset provides a comprehensive basin-scale framework and highlights the significant remaining exploration potential within Lida Valley as the project advances into its next phase of evaluation.”
Technical Disclosure
The technical and scientific content of this news release has been reviewed and approved by Sam Bourque, AIPG CPG #11775., a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
About B&N Mining Company LLC
B&N Mining Company LLC is a U.S.-based exploration company focused on the responsible advancement of lithium and critical mineral assets across the western United States.
Forward-Looking Statements
This press release contains forward-looking statements regarding geological interpretations, drilling results, and project potential. These statements are subject to risks and uncertainties, including geological variability, regulatory requirements, and operational factors. Actual results may differ materially from those expressed or implied.
