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Noram Lithium Corp V.NRM

Alternate Symbol(s):  NRVTF

Noram Lithium Corp. is Canadian junior exploration and development company. The Company is focused on advancing its Zeus Lithium Project (Zeus) to production in Nevada. 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 property is comprised of 1,133 hectares which is the equivalent of 2,800 acres. Zeus consists of approximately 146 placer claims and 136 lode claims. The perimeter of the Zeus claims is located within 1-mile (1.6 kilometers) of Albemarle Corporation's (Albemarle's) lithium brine operations. Lithium is produced at Albemarle’s plant from deep wells that pump brines from the basin beneath the Clayton Valley playa.


TSXV:NRM - Post by User

Bullboard Posts
Comment by MurrayMacon Jul 14, 2016 1:14pm
99 Views
Post# 25052869

RE:RE:Even the [once] high flying ION.v.....

RE:RE:Even the [once] high flying ION.v.....
richardtrader wrote:

Murray Mac just wondering your thoughts on V.NRM warrants aren't they excerciseable over

.10 in 2018 and not before?

also the 7+ million shares issued to directors is excerciseable at .07

your thoughts.



Don't confuse 'options' with 'warrants', they are two different beasts......even though they are exercised the same way. In all my posts on this subject, I have only been referring to warrants, for those numbers are large. The outstanding company options, are not as bad and totally expected. 

From the table below, you will see the last two warrants as totally 79 million, and at an exercise price of just a nickel. It is these warrants that are putting pressure on the stock. And should the stock manage to rally over a dime, then the 4.8 million warrants will also come into play, and perhaps even some options. And note Richard, that all these warrants are exercisable at any time. 

I hope this anwers your questions. 


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