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Nowea Energy Inc.
Ansprechpartner: Investor Relations
Tel.: +1 775 686-2400
E-Mail: ir@noweaenergy.com
pta20210730048
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Nowea Energy Inc.: Evaluation of the Lithium Boron Deposit

Further specialists involved


Reno, NV (pta048/30.07.2021/15:30) - NOWEA ENERGY Inc. is pleased to announce that we had been able to invest at a very early stage in what is expected to become one of the largest lithium and boron deposits in Europe and also in the world.

The results from the exploration drilling program indicate that the deposit continues to grow. These data is being evaluated and translated into numbers by professional and recognized specialists. As the preparation and start-up of a potential mine is a very complex topic, the serious preparation of the numbers requires corresponding time. Here, quality goes before rush and hurry. The good news is that these processes can probably be completed soon.

PricewaterhouseCoopers PwC, responsible for the financial evaluation of this project, has brought in one of the world's most specialized lithium boron mining companies, Roskill ( https://roskill.com/ ) to review the figures and validate the financial planning, revenue and profit estimates and projected results.

Roskill's report is expected at the beginning of August. This means that PwC will be able to finalize and provide their final report, including a company valuation around four to six weeks thereafter.

These valuations will form the basis for the asset valuation report to be prepared at that time, which will enable NOWEA to contribute these assets to a stock exchange listed company and distribute shares to the existing NOWEA shareholders. NOWEA cannot and will not provide a date or number in this regard. However, the management of NOWEA is extremely confident that the expected result will excite all parties and persons involved.

Investor Relations / July 30, 2021

About NOWEA ENERGY Inc.:
NOWEA ENERGY is an investment and private equity company with a strong focus on emerging, innovative companies. In particular we offer capital and expertise combined with a wide range of services to growth companies in the energy sector. Innovative companies from various future-oriented industries, such as mobility, e-mobility, energy, mining (strategic raw materials) as well as smart home and industry 4.0, are the focus of our investment. If necessary, further information can be obtained on the Internet at https://noweaenergy.com/

Disclaimer/Forward Looking Statements:
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur. Although we believe that our plans, intentions and expectations reflected in these forward-looking statements are reasonable, these plans, intentions and expectations may not be achieved. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this release and our filings with the SEC. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of the company. Readers of this information are requested to inform themselves about, and to observe, any possible restrictions.

(end)
emitter: Nowea Energy Inc.
200 S Virginia St 8th Floor
89501 Reno, NV
United States of America (USA)
contact person: Investor Relations
phone: +1 775 686-2400
e-mail: ir@noweaenergy.com
website: www.noweaenergy.com
stock exchanges: -
ISIN(s): US67012L1089 (share)
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