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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Comment by pd11474on Apr 04, 2005 10:57pm

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Post# 8860109

RE: Presenting

There was an article in National Post last week suggesting that there may be trouble in Fibrillex Phase III result. They speculated that the upfront deal was only worth US54M. This article brought down the share price considerably. In the NRM presentation tonight, they announced that the deal was structured in such a way, upfront money might be low but the royalty is about 40% (which is higher than the normal 15-25% in most case). We should have the result in 2 weeks or so. They are quite optimistic about the result.

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