RE:Lithium.AGREED ! ...... At the same time, demand for lithium is expected to rise fourfold by 2025, due to rising sales of electric cars. “Coupled with ongoing rising demand expectations as auto OEMs look to electrify their fleets, we expect lithium markets to remain sufficiently tight to handsomely reward incumbent producers,”
Fyi, Noram Ventures's share price increases by 58% or $0.08 / share in the past two weeks of trading.
Noram Ventures Inc.
(TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF )
Investor were buying Noram Ventures based on the company's past drilling success at their Zeus property located in the Clayton Valley, Nevada.
The company has chosen to maximize shareholder value by focusing its efforts and dollars on the expansion of the existing resource. (43-101-compliant inferred resource of 17 million tonnes at a grade of 1,060 parts per million lithium (which equates to 96,476 metric tonnes of LCE)
Noram’s Zues property is located within one mile (1.6 km) of Albemarle Corp.'s lithium brine operations and adjacent to Cypress Development Lithium deposit which has a net present value of $1.45 billion at 8% discount rate and 32.7% internal rate of return on after-tax cash flow.
The company is preparing to drill the Zeus property which is an area of approximately 3,000 acres, and submit a second updated 43-101 resource report in early 2019.
32M Issued Shares
52 week - 0.80 / 0.12