NRM is a highly undervalued lithium stock The lithium industry is transforming as EV and sustainable energy demand soars. Despite a 65% YoY drop in lithium prices to US$13k/t, the outlook remains positive with manufacturers seeking stable, long-term supply.
Noram Lithium Corp. (TSXV: NRM) is advancing its Zeus project in Nevada, near Albermarle’s Silver Peak mine. Our analysts see substantial value in Noram’s updated PEA and high-grade ore focus, positioning NRM as a highly undervalued lithium stock.
Key Highlights from Analysts:
- Updated Resource Estimate: Noram has enhanced the precision of its Zeus project estimate, showing 4.4 Mt LCE at 927 ppm despite a 30% decrease in tonnage due to a higher cut-off grade.
- High-Grade Component: Includes 1 Mt at 1,121 ppm, potentially supporting a 40+ year mine life.
- Economic Potential: A 2021 PEA showed an AT-NPV8% of US$1.30B and a high AT-IRR of 31%.
Read the report to find out the updated resource estimates, economic assessments, and upcoming catalysts for Noram Lithium: https://www.researchfrc.com/content/reports/post/108/high-grade-resources-boost-confidence
Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results.