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Noram Lithium Corp V.NRM

Alternate Symbol(s):  NRVTF

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

Post by AndyFard69on Jan 12, 2021 8:08pm
519 Views
Post# 32282041

Re-Post

Re-Post The Globe and Mail reports in its Friday edition that Fundamental Research Sid Rajeev says Tesla's plan to build a cathode plant in North America and its acquisition of a 10,000-acre lithium clay deposit in Nevada has brought "focus" to junior lithium firms. The Globe's David Leeder writes that in a research note released Wednesday, Mr. Rajeev began coverage of one of these companies, Noram Ventures (20 cents), with a "buy" rating. The Vancouver-based company is working on advancing its 100-per-cent owned Zeus property in Nevada, which is located in close proximity to Albemarle's Silver Peak mine. That facility is currently the only lithium brine producer in the U.S. "We estimate that lithium juniors are currently trading at $19 (U.S.) per tonne, while Noram is trading at just $8 (U.S.). Direct comparables Cypress Development is at $8 (U.S.), and American Lithium is at $16 (U.S.)." Mr. Rajeev adds: "The shares of most lithium players operating in Nevada declined sharply [Wednesday]. Despite the sell-off, we believe Tesla's affinity to clay deposits in Nevada is very positive for all advanced stage deposits, including Noram, CYP and LI, as they are now prime targets of Tesla and other EV/battery manufacturers."
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