Nevada Lithium Resources Inc. announced a brokered private placement of at a price per Special Warrant of CAD 0.45 for total gross proceeds of up to CAD 8,000,000.10 on a best efforts basis on November 12, 2021. Each Special Warrant shall be automatically exercisable into one unit of the Company for no additional consideration. Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one Share at a price of CAD 0.75 per Share for a period of 24 months following the closing date of the Offering. The Warrants are subject to an acceleration clause whereby, if the trading price of the Shares is equal to or greater than CAD 1.10 for a period of 10 consecutive trading days, the Company may reduce the remaining exercise period applicable to the Warrants to not less than 30 days from the date of such notice. The Company has granted the Agents an option to offer for sale up to an additional 15% of the Special Warrants, at the Issue Price, exercisable in whole or in part at any time for a period of up to 48 hours prior to the Closing Date. If the Over-Allotment Option is exercised, the total proceeds of the Offering would be approximately CAD 9,200,000. Closing of the Offering is expected to occur on or about November 29, 2021. The Offering is subject to customary closing conditions, including receipt of all necessary regulatory and stock exchange approvals.