August 25, 2016 – Vancouver, British Columbia – Nevada Energy Metals (TSXV:BFF) (OTCQB:SSLMF) (Frankfurt:A2AFBV) is pleased to announce that it has paid in full all annual Bureau of Land Management (BLM) maintenance fees for the Company’s seven Lithium projects located in Nevada. The annual maintenance fees, totaling USD $ 212,350 (CAD $274,550), are now paid to Sept 1st 2017.
Nevada Energy Metals’ Seven Nevada Lithium Projects Are Fully Paid Up.:
- Dixie Valley Lithium Project – 907 Claims, no royalties, (348 claims optioned to Wildcat Exploration Ltd. (TSX-V:WEL))
- BSV Lithium Project – 160 claims (100% owned, no royalties, in Big Smokey Valley)
- Black Rock Desert Lithium Project– 128 claims (100% owned, no royalties)
- Clayton Valley Lithium Project – 77 claims, no royalties, (70% optioned-out to American Lithium Corp (TSX-V: Li))
- Teels Marsh West Lithium Project – 100 claims (100% owned, no royalties)
- San Emidio Desert Lithium Project – 155 claims (100% owned, no royalties)
- Alkali Lake Lithium Project – 191 claims in a 60-40 earn in agreement with Dajin Resources Corp (TSX-V:DJI), no royalties.
Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are pleased to report that our Project Generator Model has grossed over USD $300,000, as well as a portfolio of marketable securities. These earnings have helped to offset the annual BLM Maintenance Fees as well as a portion of the Company’s general operating costs.”
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