Noram Lithium Corp (TSX – Venture: NRM / OTCQB: NRVTF / Frankfurt: N7R) is a well financed Canadian based junior exploration company with ~$18M in its treasury and no debt. The Company’s controls the high-grade Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada. The Zeus Project has a recently updated NI 43-101 Technical Report highlighting a resource estimate (September 2021) of 363 million tonnes at 923 ppm lithium Measured & Indicated resources, and 827 million tonnes at 884 ppm lithium Inferred resources (400 ppm Li cut-off) and completed a Preliminary Economic Assessment (December 2021).
Waratah Capital Advisors
Lithium Royalty Corp.
Warren Road Capital
Noram Mgmt – Chair, CEO, COO, Board Members
Donald Ross – Leedes Jones Gable
Management Ownership – 12%
Continue to share the vision and strategy of the advancement of its Zeus Lithium Project.
Resource Update September 2021, Robust PEA Completion December 2021, US$14M Strategic Investment by Waratah Capital Advisors.
Completion of Infill Drill Program to further increase resource for PFS Study
Initiate Pilot Plant studies for inclusion in PFS study
Complete PFS study by year end 2022.
No real key risks at the moment as we fully financed for next 2-3 years to advance our Zeus Project through to Final Feasibility Study.
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 2-3 years, high grade lithium project in safe jurisdiction in a strong commodity sector with multiple upcoming catalysts cashed up to execute.