Noram Lithium appoints Barrie, McCunn as directors
2024-04-05 16:54 ET - News Release
Mr. Cyrus Driver reports
NORAM LITHIUM ANNOUNCES CHANGES TO BOARD AND MARKETING UPDATE
Noram Lithium Corp. has appointed Dr. C. Tucker Barrie and Greg McCunn to the board of directors, effective immediately.
Dr. C. Tucker Barrie, PhD, PGeo, is an Ottawa-based economic geologist with over 30 years of experience as a consultant to the mining industry and to governments globally. In recent years, he has served as a senior executive for several Toronto Stock Exchange-listed companies, providing expertise in the exploration and development of numerous base and precious metal projects and for critical metal development. Along with his work in the industry, Dr. Barrie is a researcher in metallic mineral deposits and their host rocks, and has published over 70 journal and technical papers. He is returning to Noram Lithium as a director after serving as its president and chief executive officer during early-stage exploration/development of the Zeus lithium project from 2019 to 2021.
Mr. McCunn brings 30 years of extensive experience in mining in both the base metal and precious metal industries. A professional engineer with an MBA, Mr. McCunn has led multiple junior mining companies from the exploration stage through the transition to project development, permitting, financing and construction, and operations. He was formerly the chief executive officer of a number of Toronto Stock Exchange- and New York Stock Exchange-listed public companies, including Alio Gold and Galiano Gold, and has over a decade of experience as a chief financial officer. As an executive, he has raised over $600-million in equity and debt financing from the Canadian and U.S. capital markets, completed over $1-billion in merger and acquisition transactions, and put three mines into production on three different continents. Mr. McCunn is continuing in his role as chief executive officer of Noram Lithium, which he has held since January, 2023.
Marketing services
In mid-2023, the company engaged Creative Direct Marketing Group Inc. to provide the company with marketing services and to raise public awareness of the company. The company has renewed its campaign with CDMG, commencing April 5, 2024, and continuing through June 30, 2024. CDMG has invoiced the company for $499,950 (U.S.), which is payable in instalments over the period of the renewed campaign.
CDMG did not have any relationship with the company prior to mid-2023 and is an arm's-length party. To the best of the company's knowledge, CDMG does not hold, directly or indirectly, any securities of the company or have any right to acquire any such securities. The proposed compensation for CDMG does not include any securities of the company.
About Noram Lithium Corp.
Noram Lithium (TSX Venture Exchange: NRM) (OTCQB: NRVTF) (Frankfurt Stock Exchange: N7R) is focusing on advancing its 100-per-cent-owned Zeus lithium project located in Clayton Valley, Nevada, an emerging lithium hub within the United States. With the upsurge in the electric vehicle and energy storage markets, the company aims to become a key participant in the domestic supply of lithium in the United States. The company is committed to creating shareholder value through the strategic allocation of capital.