Noram Lithium Corp (TSX – Venture: NRM / OTCQB: NRVTF / Frankfurt: N7R) is focusing on advancing its 100%-owned Zeus Lithium Project located in Clayton Valley, Nevada an emerging lithium hub within the United States. With the upsurge in the electric vehicle and energy storage markets the Company aims to become a key participant in the domestic supply of lithium in the United States. The Company is committed to creating shareholder value through the strategic allocation of capital and is well-funded with approximately CAD$14 million in cash on December 31, 2022 and no debt.
The Zeus Lithium Project contains a Measured and Indicated Resource estimate of 5.2 Mt Lithium Carbonate Equivalent (“LCE”, 1034 Mt at 941 ppm lithium), and an additional Inferred resource estimate of 1.1 Mt LCE (235 Mt at 871 ppm lithium) utilizing a 400 ppm Li cut-off.
Waratah Capital Advisors – 12.2%
Lithium Royalty Corp. – 2.7%
Warren Road Capital – 1%
Noram Mgmt – 12%
Management Ownership – 12%
Greg McCunn – Chief Executive Officer
Greg McCunn brings thirty years of extensive experience in mining in both the base metal and precious metal industries. A Professional Engineer with an MBA, Mr. McCunn has led multiple junior mining companies from the exploration stage through the transition to project development, permitting, financing, construction and into operations. He was formerly the CEO of a number of TSX and NYSE listed public companies including Alio Gold and Galiano Gold and has over a decade of experience as a Chief Financial Officer. As an executive, he has raised over $600 million in equity and debt financing from the Canadian and US capital markets, completed over $1 billion in merger and acquisition transactions, and put three mines into production on three different continents.
Continue to share the vision and strategy of the advancement of its Zeus Lithium Project and continue to discuss opportunities with strategic partners.
February 7 – Noram Lithium Engages SRK Consulting to Optimize Zeus Mine Plan
January 30 – Noram Lithium Announces Significant Increase in Mineral Resources at the Zeus Lithium Deposit
January 25 – Noram Lithium Strengthens Technical Team
January 13 – Noram Lithium Announces Management Changes
January 4 – Noram Lithium Appoints New Chief Executive Officer to Lead Next Stages of Development at Zeus
Optimize Zeus mine plan
Optimize flowsheet, finalize water options
Complete Pre-feasibility Study
Risks include the metallurgy and water. Have brought in a metallurgical consultant and a hydrogeological consultant that have significant experience in both areas to help us advance the project and find solutions.
Cashed up, no debt, tight structure, mgmt ownership, strategic investors, commodity, location and trades at significant discount.
Trades at significant discount to peers, no further dilution for next 2 years, high grade lithium project in safe jurisdiction in a strong commodity sector with multiple upcoming catalysts cashed up to execute.