Ann: Early Lithium Discovery at the Mustang Project, page-9

Barren joint. Not much good for anything but mining LOL
Why Lithium, Why Nevada?
Lithium is considered a critical mineral around the globe as a result of a number of factors playing into
importance, including:
• Macroeconomic Factors – Favourable short, medium, and long-term market fundamentals.
• Environmental Factors – Lithium is an indispensable component of electric vehicle batteries and
other energy storage solutions required to achieve an electrified and clean energy future.
• Policy Factors – A global policy initiative transitioning to a clean energy future. The United States, in
particular Nevada, is a Tier-1 mining jurisdiction due to the following reasons:
• Mining Friendly – Nevada was ranked the top jurisdiction for mining according to the Fraser Institute
2020 annual survey.
• Geological Setting – Nevada hosts the world’s largest known lithium deposits including:
o Defence Production Act – The USA has recently invoked the Defence Production Act in an
effort to encourage and secure domestic production of battery materials.
o Offtake Partners – Close proximity to gigafactories and manufacturers with substantial
lithium supply requirements.
o Security – Nevada enjoys a legal framework characterized by clear laws and reliable
enforcement.
o Policy – In the United States there is bipartisan support and funding for promoting clean
energy and fostering clean energy investment.
o Minimal Outlays – Nevada has no minimum annual expenditure requirements.