Noram Lithium Corp.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Anita Young Algie
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 555 West Hastings Street Vancouver BC Canada V6B 4N6
- IPO Date
- Jan 8, 2021
- Website
- noramlithiumcorp.com
- Similar Companies
- Business
- Noram Lithium Corp. is a Canadian junior exploration and development company primarily engaged in advancing its Zeus Lithium Project to production in Clayton Valley, Nevada, United States. The company's core activities include acquisition, exploration, and development of mineral properties, with a primary focus on lithium resources essential for battery manufacturing. The Zeus Lithium Project, comprising 146 placer claims and 136 lode claims covering approximately 1,133 hectares, is located near Albemarle Corporation’s lithium brine-producing Silver Peak Mine. Noram's lithium resources include measured and indicated resources of approximately 3.0 million tonnes of lithium carbonate equivalent (LCE) and inferred resources of 1.4 million tonnes LCE based on an updated mineral resource estimate as of May 2024. The company's planned production process involves feed preparation, beneficiation, leaching, neutralization, and purification to produce battery-quality lithium carbonate. Recent major developments include an updated mineral resource estimate with strengthened geological modeling and a Phase VII drilling program completed in early 2024, improving resource confidence and supporting ongoing engineering studies. Noram Lithium secured US$14 million in strategic financing from Lithium Royalty Corp. and Waratah Capital Advisors Ltd., including selling a one percent gross overriding royalty on the Zeus Project. The company is undertaking a Preliminary Economic Assessment (PEA) project, expecting robust economics supported by a forecast lithium carbonate price of US$9,500 per ton, indicating an after-tax net present value of US$1.299 billion at an 8% discount rate and a 31% internal rate of return, with a projected mine life of 40 years. Noram Lithium was formerly known as Noram Ventures Inc., changing its name in July 2021. Founded in 2010, the company is headquartered in Vancouver, Canada, and operates through its subsidiary Green Energy Resources Inc. to manage its mineral assets. Noram Lithium is positioned to serve the growing demand for lithium driven by electric vehicle battery production and broader energy storage markets, aligning with US government initiatives to secure critical material supply chains domestically. The company holds a strong financial position to advance its Zeus Lithium Project toward commercial production, leveraging proximity to established lithium operations and ongoing metallurgical test work to validate processing techniques and product quality. Noram Lithium's strategic focus remains on lithium exploration, development, and eventual production with an emphasis on sustainable practices and maximizing resource value from its high-grade lithium deposits in Nevada.
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