Noram Lithium Corp V.NRM

Alternate Symbol(s): NRVTF

Metals & Mining Industrial Metals & Minerals

Noram Lithium Corp. is a Canada-based junior exploration and development company. The Company is focused on advancing its Zeus Lithium Project (Zeus) in Clayton Valley, Nevada. The Zeus consists of 146 placer claims and 136 lode claims. The Zeus property is approximately halfway between Las Vegas and Reno; and within two kilometers of Albemarle Corporation’s lithium brine producing operations (Silver Peak Mine). The perimeter of the Zeus claims is located within 1-mile (1.6 kilometers) of Albemarle Corporation’s (Albemarle’s) lithium brine operations. The property is comprised of 1,133 hectares which is the equivalent of 2,800 acres. The Zeus project indicated resource estimate of 5.17 million tons (Mt) LCE (1,034 Mt at 941 ppm lithium), and Inferred Resources of 1.09 Mt LCE (235 Mt at 871 ppm lithium).

TSXV:NRM - Post by User

Noram Lithium Corp > total shares are only 48m. nearly 1/3 changed hand today

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Comment by Tradeornoton Nov 30, 2020 4:45pm

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Post# 32003088

RE:total shares are only 48m. nearly 1/3 changed hand today

message from direction, don't panic

Most of Insider selling over teh past 6 weeks was related to warrants coming due in mid October. This resulted in insiders putting in ~1.4 million to the treasury, which is currently financing our drill program.

We are also making changes on our Board of Directors, which has some impact.

We are in good shape with this drill program, and we are on track to complete a PEA in 2021 which is very likely to be viewed favorably by the market, to the benefit of our shareholders.

-Tucker

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