Noram Lithium Corp

Financials:

Primary ticker: TSXV:NRM, OTCQB:NRVTF, FRA:N7R
Stage of development: Exploration, Development
Primary minerals: Lithium
Project to promote: Zeus Lithium Project
Project location: Nevada, USA
Website: noramlithiumcorp.com

Noram Lithium Corp (TSX – Venture: NRM / OTCQB: NRVTF / Frankfurt: N7R) is a well financed Canadian based junior exploration company with ~$16M 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). Noram will be completing a Pre-Feasibility Study by the end of 2022 and new resource model in Q3/2022.

Cash: CAD$16M
Debt: NIL

Major shareholders:

Waratah Capital Advisors
Lithium Royalty Corp.
Warren Road Capital
Noram Mgmt – Chair, CEO, COO, Board Members
Donald Ross – Leedes Jones Gable
Management ownership – 12%

Management Profile

Mr. Ball – President and COO
Mr. Ball brings over 30 years of extensive experience as a mining professional at all levels of leadership. Throughout Mr. Ball’s career, he has held various senior management roles with international mining companies including corporate finance, securities trading, mine engineering, business development, corporate communications, public relations and marketing functions throughout North and South America, Asia, and Europe. Mr. Ball began his career in the late 1980s working as a mining engineer, a technical representative, and in various management and senior executive roles for numerous companies including NV Gold, Redstar Gold, Columbus Gold, Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado Gold Corp. Mr. Ball is a graduate of the Haileybury School of Mines, Georgian Business College, UBC’s Canadian Securities Course, and is a member of CIMM. Mr. Ball has led and assisted in raising over $250M in capital in the resource sector.

What is your rationale for taking part 121 Mining Investment?

Continue to share the vision and strategy of the advancement of its Zeus Lithium Project.

What recent news would you like to highlight to investors attending?

Resource Update September 2021, Robust PEA Completion December 2021, US$14M Strategic Investment by Waratah Capital Advisors.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Completion of new resource model by Q3/22.

6 Months:
Completion of a PFS Study by Q4/2022

12 Months:
Complete of Plan of Operations for Zeus Project in Nevada, and initiate Pilot Plant studies and push to the completion of DFS within 24 months.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Limited risks at the moment as we fully financed for next 2-3 years to advance our Zeus Project through to Definitive Feasibility Study.

What do you think makes your company such a compelling investment?

Cashed up, no debt, tight structure, mgmt ownership, strategic investors, commodity, location and trades at significant discount.

What are the top 3 key investor takeaways?

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.