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).

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Noram Lithium Corp

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Post by Sexyfritzon Jan 13, 2021 5:12pm

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Post# 32287796

$1.01 NRM Jan 13 $3.5 million stock option grant

The news from Albemarle ALB last week was very significant, as NRM is one of two main claystone deposit owners next door.

Noram Ventures is in a good position right now, with an expanding resource, a rising lithium price, strong demand in the future due to EV, interest from major lithium and energy companies as well as EV producers, a favorable mining and political environment.

Today our CFO Anita Algie has reserved for grant $3.5 million incentive stock options at a price of $0.79 for a period of ten years from date of grant.Noram Ventures will grant $3.5 million incentive stock options to directors , officers and consultants of Noram Ventures.

All options will be granted in accordance with the 10% rolling option program.

Last time they did this back in October for $1.5 million at $0.135 stock price has exploded since today to $1.01

CYP went to $2.40 ALB $179.72 SPMT 0.10 So it's all looking really good now.