Noram Lithium Corp
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Sandy J. MacDougall
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 555 West Hastings Street Vancouver BC Canada V6B 4N6
- IPO Date
- Jun 13, 2011
- Website
- noramlithiumcorp.com
- Similar Companies
- Business
- Noram Lithium Corp. is a Canadian-based junior exploration and development company focused on advancing its 100%-owned Zeus Lithium Project in Clayton Valley, Nevada. The company, through its wholly-owned subsidiary Green Energy Resources Inc., engages in the acquisition, exploration, and development of lithium resource properties, with its flagship Zeus property comprising 146 placer claims and 136 lode claims covering 1,133 hectares (2,800 acres) located approximately halfway between Las Vegas and Reno and within two kilometers of Albemarle Corporation’s Silver Peak lithium brine operations. Incorporated in 2010 and headquartered in Vancouver, British Columbia, Noram targets the domestic U.S. supply of battery-grade lithium carbonate amid rising demand from electric vehicles and energy storage markets. Core assets center on the Zeus Lithium Project, which features an updated pit-constrained mineral resource estimate at a 525 ppm lithium cut-off, including indicated resources of 564 million tonnes grading 956 ppm lithium (2.9 million tonnes LCE) and inferred resources of 287 million tonnes at 861 ppm lithium (1.3 million tonnes LCE); the deposit supports a potential 29-year mine life at high/medium grades plus 18 years of low-grade processing at 3.5 million tonnes per year, with metallurgical recoveries of 89% lithium via sulphuric acid leaching and beneficiation rejecting 10% mass and 40% acid-consuming calcite. Noram advances process development including feed preparation, leaching, neutralization, filtration, and purification to battery-quality lithium carbonate (~23,000 tonnes per year), bolstered by recent discovery of significant cesium and rubidium levels in Zeus drill assays, positioning these critical metals as high-value by-products for electronics, telecommunications, and medical applications. Recent developments include an updated mineral resource estimate in June 2024 incorporating Phase VII drilling (January 2024), geological modeling, and 167 density measurements to delineate a high-grade core over 50% above average resource grade for preliminary economic assessment and engineering studies; the company completed full assay reviews in August 2025 highlighting cesium and rubidium potential amid U.S. critical minerals priorities. In February 2022, Noram closed a US$14 million strategic financing with Lithium Royalty Corp. (1.0% GOR on Zeus for US$5 million) and Waratah Capital Advisors (US$9 million equity), boosting treasury to ~CDN$18 million debt-free to fund feasibility efforts. Noram held its 2024 annual general meeting, adopted an omnibus incentive plan, and continues metallurgical testing to validate flowsheets without recent acquisitions, partnerships, or reorganizations beyond these advancements.
Company News
Noram Lithium Engages TDM Financial For Investor Awareness Services
Noram Advances Updated Preliminary Economic Assessment to Reflect Current Industry Standards and Expanded Critical Minerals Potential
Noram Lithium Engages 1353656 BC Ltd. for Marketing and Management Consulting Services
Noram Lithium Engages Triforce Media Inc. to Support Corporate Communications Strategy
Noram Lithium Adopts Semi-Annual Financial Reporting
Noram Adds Additional Critical Mineral to List of High-Value Byproduct Credits in Zeus Project Upgraded PEA
Noram Fully Funded for 2026 and Engages GRE to Update PEA With Multiple High-Value Critical Mineral Byproduct Credits
Noram Lithium Announces Closing of Fully Allocated Non-Brokered Financing
Noram Lithium Announces Fully Allocated Non-Brokered Financing
Noram Lithium Announces Updated Mineral Resource Estimate for Zeus Project
Noram Announces Revision to Incentive Grant Announcement
Noram Lithium Announces Changes to Board and Marketing Update
Noram Announces Change to Board and Incentive Grant
Noram Lithium Announces Results From 2024 Annual General and Special Meeting
Noram Lithium - Final Phase VII Drill Results for Zeus
Noram Lithium Extends High-Grade Zone at Zeus
Noram Lithium Provides Drilling Results from Zeus
Noram Announces Temporary Leave of Absence of Executive Chairman
Noram Drills CVZ-87 to Depth of 568 ft (173.13 m): Intersecting Approximately 455 ft (139 m) of Favourable Claystones Near Surface
Noram Drills Deepest Hole to Date: Confirming Fault and Mineralizing Structures Interpretation