Tag: #NoramLithium

Noram Highlights Milestones During 2022

Post author By admin
Post date November 30, 2022

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to review the Company’s activities during 2022 and to highlight upcoming catalysts at its 100%-owned high-grade Zeus Lithium Project in Clayton Valley, Nevada.

Highlights of 2022 Corporate Milestones:

COMPLETION OF STRATEGIC FINANCING:
- Closing of US$14 Million strategic financing with Waratah Capital Advisors and Lithium Royalty Corp. at $0.825 with no warrant and no finder’s fee or commission. Noram is now fully financed through 2023 to complete a Definitive Feasibility Study (“DFS”).
ADDITIONAL MANAGEMENT APPOINTMENTS:
- In March 2022, the Company appointed Bradley C. Peek, as Vice President of Exploration.
- In August 2022, the Company appointed Simon D. Studer, as Vice President of Corporate Development – Europe.
- In October 2022, the Company appointed Dr. Vahid Sohrabi, as Technical Advisor to the Board.
ZEUS PROJECT ADVANCEMENT:
- Completed Phase VI exploration program consisting of 12 holes on time and within budget. The focus of the program was to upgrade existing inferred resources into the measured indicated categories to be utilized in the Pre-Feasibility Study.
- All drill holes intersected high grade lithium over significant lengths and, upon completion in the coming weeks, the Company anticipates a robust 6^th resource model that may align Noram with our peers regarding contained measured and indicated resources of lithium carbonate equivalent (“LCE”).
ANALYST COVERAGE RECEIVED:
- Two groups announced analyst coverage: Koby Kushner – Mining Analyst at Red Cloud Securities and Sid Rajeev – Fundamental Research Corp.

“2022 was another successful year for Noram and our shareholders. We will end the year in a very strong cash position, with a tightly controlled share structure, debt free, fully financed to reach the final feasibility stage, and with no further dilution to our shareholders until 2024,” stated Mr. Sandy McDougall, CEO of Noram. “We remain confident that our pre-feasibility study will be completed in early 2023, and noting the importance of this technical report, our technical team and consultants are working through all components to deliver a quality report. I look forward to a very busy 2023 as we focus on de-risking the Zeus Lithium Project to further rerate Noram amongst its peers.”

The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc, CPG, Vice President Exploration for Noram, who is a Qualified Person as defined under National Instrument 43-101.

Engagement of Native Ads, Inc.
Noram has retained Native Ads, Inc. (“Native Ads“), an arms-length party, to provide investor relations services in the form of strategic digital media services, marketing and data analytics services including, but not limited to, content development, video production and editing, website development, median buying and distribution, and campaign reporting and optimization. These services are set to commence in December 2022 pursuant to a consulting agreement dated November 23, 2022, and the Company has agreed to pay Native Ads fees totaling $90,000 USD for an initial service period of 6 months.

Native Ads has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange in providing the services to the Company. Native Ads has offices in Vancouver, B.C. and New York, NY and delivers services to a diverse group of clients across North America, providing strategic digital media services, marketing and data analytic services and provides services to a diverse group of clients across North America. The appointment of Native Ads is subject to approval by the TSX Venture Exchange.

About Noram Lithium Corp.
Noram Lithium Corp. (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in early 2023.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV (8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,250/tonne, the PEA indicates an After-Tax NPV (8%) of approximately US$2.67 Billion and an IRR of 52%.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws. *Updated Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).

SOURCE: Noram Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/729413/Noram-Highlights-Milestones-During-2022

Tags #MauriceJackson, #NoramLithium, #NRM, #PeterBall, #ProvenAndProbable, Zeus Lithium Project

Base Metals Energy Exclusive Interviews Junior Mining Precious Metals Rover Metals

Rover Metals – Lithium, Nevada, Finance Opportunity

Post author By admin
Post date November 4, 2022

A CRITICAL MINERALS EXPLORATION COMPANY
Rover Metals (“Rover”) is a publicly traded Canadian junior mining company specialized in North American critical minerals and precious metal development-stage mining projects. Rover’s twelve month forward-looking plan is to advance exploration at our Nevada Claystone Lithium project and at our Northern Canada Zinc-Copper project, located near the city of Yellowknife, NT, Canada. The Indian Mountain Lake Project is the Company’s first district scale land package, representing approximately 30,000 acres of greenstone belt.

Rover Metals also has 100% ownership of several gold mining assets located near to the city of Yellowknife, NT. Rover obtained a public listing for its securities on the TSX Venture Exchange as a Tier II Mining Issuer on June 26, 2018.

Rover Metals trades under the symbol “ROVR” on the TSXV. Rover also obtained a public co-listing of its securities on the OTCQB on January 17, 2019 (OTCQB: ROVMD), and on the Frankfurt Stock Exchange on February 1, 2021 (FRA: 4XO).

The Company is run by an experienced management team and board that are career mining executives. Our management team and board have a proven history financing the development of mining projects, taking them into production, and re-selling them.

The Best Video on Why and When to Buy and Sell Physical Precious Metals:

Website| www.provenandprobable.com Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

Proven and Probable Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments (https://www.milesfranklin.com/contact/) Where we provide unlimited options to expand your precious metals portfolio, from physical delivery, offshore depositories, and precious metals IRA’s. Call me directly at (855) 505-1900 or you may email maurice@milesfranklin.com.

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Tags #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #NoramLithium, #PreciousMetals, #ProvenAndProbable, #RoverMetals, Claystone Lithium, proven and probable

Base Metals Energy Exclusive Interviews Junior Mining Noram Lithium

Noram Receives Results for CVZ-77 & 78: High-Grade Intercepts of 240 Ft (73.2 m) Averaging 1212 PPM, & 231.3 Ft (70.5 m) Averaging 1157 PPM Respectively

Post author By admin
Post date June 9, 2022

VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is pleased to announce the successful completion of CVZ-77 (PH-04) and CVZ-78 (PH-11) and release of the final assay results. The Company completed core hole CVZ-77 at a depth of 458 feet (139.6 m). Sampling for assays began at 20 ft (6.1 m) and continued to the bottom of the hole, an interval thickness of 240 ft (73.2 m) was intersected from 48 ft (14.6 m) to 288 ft (87.8 m). The weighted average lithium values present are summarized below with a high of 2140 ppm. The Company completed core hole CVZ-78 at a depth of 451.5 feet (137.6 m). Sampling for assays began at 26.8 ft (8.2 m) and continued to the bottom of the hole, an interval thickness of 231.3 ft (70.5 m) was intersected from 26.8 ft (8.2 m) to 258 ft (78.6 m). The weighted average lithium values present are summarized below with a high of 2100 ppm present.

Noram Lithium Corp., Thursday, June 9, 2022, Press release picture

Figure 1 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 proposed holes for Phase V1. Phase VI holes are indicated in purple.

Figure 2. Comparative stratigraphy and assay results for drill holes CVZ-77 and CVZ-78 as compared to CVZ-65 which was drilled as part of a prior program. The histogram on the sides of the holes are the composited lithium grades in ppm Li. The cross section has a 4X vertical exaggeration.

“As we continue to receive results that meet and/or surpass our expectations, our level of confidence in the resource model continues to increase. This program is providing us with vital information that will allow us to upgrade a significant portion of the resource from the Inferred Category to the Indicated Category. We could not be more proud of the team we have diligently advancing the Project. Noram management is focused on enhancing shareholder value as we continue to develop the resource” comments Brad Peek, VP of Exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.

Hole ID	Sample No.	From (ft)	To (ft)	From (m)	To (m)	Li (ppm)
CVZ-77	1748459	20	28	6.1	8.5	610
CVZ-77	1748460	28	38	8.5	11.6	850
CVZ-77	1748461	38	48	11.6	14.6	870
CVZ-77	1748462	48	58	14.6	17.7	1010
CVZ-77	1748463	58	68	17.7	20.7	840
CVZ-77	1748464	68	78	20.7	23.8	910
CVZ-77	1748465	78	88	23.8	26.8	840
CVZ-77	1748466	88	98	26.8	29.9	940
CVZ-77	1748467	98	108	29.9	32.9	600
CVZ-77	1748468	108	118	32.9	36.0	1160
CVZ-77	1748469	118	128	36.0	39.0	980
CVZ-77	1748471	128	138	39.0	42.1	1540
CVZ-77	1748472	138	148	42.1	45.1	1340
CVZ-77	1748473	148	158	45.1	48.2	1400
CVZ-77	1748474	158	168	48.2	51.2	1510
CVZ-77	1748475	168	178	51.2	54.3	1860
CVZ-77	1748476	178	188	54.3	57.3	2140
CVZ-77	1748477	188	198	57.3	60.4	1300
CVZ-77	1748478	198	208	60.4	63.4	1290
CVZ-77	1748479	208	218	63.4	66.4	1450
CVZ-77	1748480	218	228	66.4	69.5	1630
CVZ-77	1748481	228	238	69.5	72.5	1250
CVZ-77	1748482	238	248	72.5	75.6	1060
CVZ-77	1748483	248	258	75.6	78.6	1080
CVZ-77	1748484	258	268	78.6	81.7	950
CVZ-77	1748485	268	278	81.7	84.7	1020
CVZ-77	1748486	278	288	84.7	87.8	990
CVZ-77	1748487	288	298	87.8	90.8	790
CVZ-77	1748488	298	308	90.8	93.9	620
CVZ-77	1748489	308	318	93.9	96.9	870
CVZ-77	1748490	318	328	96.9	100.0	760
CVZ-77	1748491	328	338	100.0	103.0	430
CVZ-77	1748492	338	348	103.0	106.1	610
CVZ-77	1748493	348	358	106.1	109.1	550
CVZ-77	1748494	358	368	109.1	112.2	550
CVZ-77	1748495	368	378	112.2	115.2	720
CVZ-77	1748496	378	388	115.2	118.3	540
CVZ-77	1748497	388	398	118.3	121.3	790
CVZ-77	1748498	398	408	121.3	124.4	780
CVZ-77	1748499	408	418	124.4	127.4	600
CVZ-77	1748500	418	428	127.4	130.5	550
CVZ-77	1748501	428	438	130.5	133.5	500
CVZ-77	1748502	438	448	133.5	136.6	379

Table 1 – Sample results from CVZ-77 from 20 ft (6.1 m) to depth of 448 ft (136.6 m).

Hole ID	Sample No.	From (ft)	To (ft)	From (m)	To (m)	Li (ppm)
CVZ-78	1748508	26.75	37.25	8.2	11.4	920
CVZ-78	1748509	37.25	48	11.4	14.6	1090
CVZ-78	1748510	48	58	14.6	17.7	910
CVZ-78	1748511	58	68	17.7	20.7	910
CVZ-78	1748512	68	78	20.7	23.8	980
CVZ-78	1748513	78	88	23.8	26.8	2100
CVZ-78	1748514	88	98	26.8	29.9	1160
CVZ-78	1748515	98	108	29.9	32.9	1190
CVZ-78	1748516	108	118	32.9	36.0	1640
CVZ-78	1748517	118	128	36.0	39.0	1830
CVZ-78	1748518	128	138	39.0	42.1	1240
CVZ-78	1748519	138	148	42.1	45.1	1180
CVZ-78	1748520	148	158	45.1	48.2	1380
CVZ-78	1748521	158	168	48.2	51.2	1350
CVZ-78	1748522	168	178	51.2	54.3	1280
CVZ-78	1748523	178	188	54.3	57.3	1000
CVZ-78	1748524	188	198	57.3	60.4	1060
CVZ-78	1748525	198	208	60.4	63.4	910
CVZ-78	1748527	208	218	63.4	66.4	960
CVZ-78	1748528	218	228	66.4	69.5	1020
CVZ-78	1748529	228	238	69.5	72.5	830
CVZ-78	1748530	238	248	72.5	75.6	580
CVZ-78	1748531	248	258	75.6	78.6	1110
CVZ-78	1748532	258	268	78.6	81.7	790
CVZ-78	1748533	268	278	81.7	84.7	650
CVZ-78	1748534	278	288	84.7	87.8	750
CVZ-78	1748535	288	298	87.8	90.8	890
CVZ-78	1748536	298	308	90.8	93.9	680
CVZ-78	1748537	308	318	93.9	96.9	730
CVZ-78	1748538	318	328	96.9	100.0	930
CVZ-78	1748539	328	338	100.0	103.0	740
CVZ-78	1748540	338	348	103.0	106.1	720
CVZ-78	1748541	348	358	106.1	109.1	560
CVZ-78	1748542	358	368	109.1	112.2	490
CVZ-78	1748543	368	378	112.2	115.2	560
CVZ-78	1748544	378	388	115.2	118.3	560
CVZ-78	1748545	388	398	118.3	121.3	670
CVZ-78	1748546	398	408	121.3	124.4	660
CVZ-78	1748547	408	418	124.4	127.4	460
CVZ-78	1748548	418	428	127.4	130.5	460
CVZ-78	1748549	428	438	130.5	133.5	530
CVZ-78	1748550	438	447	133.5	136.2	388
CVZ-78	1748551	447	451.5	136.2	137.6	399

Table 2 – Sample results from CVZ-78 from 26.8 ft (8.2 m) to depth of 451.5 ft (137.6 m).

All samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the sample batch and returned values that were within their expected ranges.

The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43-101.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE: Noram Lithium Corp.

Tags #JuniorMining, #MauriceJackson, #NoramLithium, #NRM, #PeterBall, #ProvenAndProbable

Base Metals Energy Junior Mining Noram Lithium

Noram Receives Results for CVZ-75 & 76: High-Grade Intercepts of 150 Ft (45.7 M) Averaging 962 PPM, & 100 Ft (30.5 M) Averaging 1163 PPM Respectively

Post author By admin
Post date June 2, 2022

VANCOUVER, BC / ACCESSWIRE / June 2, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to announce the successful completion of CVZ-75 (PH-01) and CVZ-76 (PH-02) and release of the final assay results. The Company completed core hole CVZ-75 at a depth of 326 feet (99.4 m). Sampling for assays began at 46 ft (14.0 m) and continued to the bottom of the hole, an interval thickness of 150 ft (45.7 m) was intersected from 46 ft (14.0 m) to 196 ft (59.7 m). The hole ended in mineralization and the weighted average lithium values present are summarized below. The Company completed core hole CVZ-76 at a depth of 338 feet (103.0 m). Sampling for assays began at 26 ft (7.9 m) and continued to the bottom of the hole, an interval thickness of 100 ft (30.5 m) was intersected from 26 ft (7.9 m) to 126 ft (38.4 m). The hole ended in mineralization and the weighted average lithium values present are summarized below.

Noram Ventures Inc., Thursday, June 2, 2022, Press release picture

Figure 1 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 proposed holes for Phase V1. Phase VI holes are indicated in purple.

Figure 2 – Comparative stratigraphy and assay results for drill holes CVZ-76 and CVZ-75 as compared to CVZ-63 which was drilled as part of a prior program. The histogram on the sides of the holes are the composited lithium grades in ppm Li. The cross section has a 4X vertical exaggeration.

“Holes CVZ-75 and CVZ-76 were located near the northeast end of the Phase V and Phase VI drilling. This is an area where the sediments are thinner since we are getting close to the basin margin. However, the lithium grades continue to be high. These holes are expected to continue to upgrade portions of the Zeus resource from inferred to indicated in Noram’s upcoming PFS.” comments Brad Peek, VP of Exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.

Hole ID	Sample No.	From (ft)	To (ft)	From (m)	To (m)	Li (ppm)
CVZ-75	1748394	46	56	14.0	17.1	1690
CVZ-75	1748395	56	66	17.1	20.1	890
CVZ-75	1748396	66	76	20.1	23.2	840
CVZ-75	1748397	76	86	23.2	26.2	910
CVZ-75	1748398	86	96	26.2	29.3	1420
CVZ-75	1748399	96	106	29.3	32.3	1160
CVZ-75	1748400	106	116	32.3	35.4	1010
CVZ-75	1748401	116	126	35.4	38.4	900
CVZ-75	1748402	126	136	38.4	41.5	870
CVZ-75	1748404	136	146	41.5	44.5	850
CVZ-75	1748405	146	156	44.5	47.5	820
CVZ-75	1748406	156	166	47.5	50.6	810
CVZ-75	1748407	166	176	50.6	53.6	620
CVZ-75	1748408	176	186	53.6	56.7	510
CVZ-75	1748409	186	196	56.7	59.7	1130
CVZ-75	1748410	196	206	59.7	62.8	800
CVZ-75	1748411	206	216	62.8	65.8	560
CVZ-75	1748412	216	226	65.8	68.9	650
CVZ-75	1748413	226	236	68.9	71.9	680
CVZ-75	1748414	236	246	71.9	75.0	510
CVZ-75	1748415	246	256	75.0	78.0	650
CVZ-75	1748416	256	266	78.0	81.1	570
CVZ-75	1748417	266	276	81.1	84.1	770
CVZ-75	1748418	276	286	84.1	87.2	570
CVZ-75	1748419	286	296	87.2	90.2	510
CVZ-75	1748420	296	306	90.2	93.3	770
CVZ-75	1748421	306	316	93.3	96.3	470
CVZ-75	1748422	316	326	96.3	99.4	600

Table 1 – Sample results from CVZ-75 from 46 ft (14.0 m) to depth of 326 ft (99.4 m).

Hole ID	Sample No.	From (ft)	To (ft)	From (m)	To (m)	Li (ppm)
CVZ-76	1748426	26	36	7.9	11.0	1320
CVZ-76	1748427	36	46	11.0	14.0	1620
CVZ-76	1748428	46	56	14.0	17.1	1620
CVZ-76	1748429	56	66	17.1	20.1	970
CVZ-76	1748430	66	76	20.1	23.2	830
CVZ-76	1748431	76	86	23.2	26.2	910
CVZ-76	1748432	86	96	26.2	29.3	1460
CVZ-76	1748433	96	106	29.3	32.3	1070
CVZ-76	1748434	106	116	32.3	35.4	930
CVZ-76	1748435	116	126	35.4	38.4	900
CVZ-76	1748436	126	136	38.4	41.5	780
CVZ-76	1748437	136	146	41.5	44.5	710
CVZ-76	1748438	146	156	44.5	47.5	670
CVZ-76	1748439	156	168	47.5	51.2	720
CVZ-76	No Sample	168	178	51.2	54.3
CVZ-76	1748440	178	188	54.3	57.3	460
CVZ-76	1748441	188	198	57.3	60.4	840
CVZ-76	1748442	198	208	60.4	63.4	700
CVZ-76	1748443	208	218	63.4	66.4	740
CVZ-76	1748444	218	228	66.4	69.5	720
CVZ-76	1748445	228	238	69.5	72.5	710
CVZ-76	1748446	238	248	72.5	75.6	520
CVZ-76	1748447	248	258	75.6	78.6	680
CVZ-76	1748448	258	268	78.6	81.7	640
CVZ-76	1748449	268	278	81.7	84.7	640
CVZ-76	1748450	278	288	84.7	87.8	590
CVZ-76	1748451	288	298	87.8	90.8	590
CVZ-76	1748452	298	308	90.8	93.9	449
CVZ-76	1748453	308	318	93.9	96.9	610
CVZ-76	1748454	318	328	96.9	100.0	560
CVZ-76	1748455	328	338	100.0	103.0	470

Table 2 – Sample results from CVZ-76 from 26 ft (7.9 m) to depth of 338 ft (103.0 m).

All samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the sample batch and returned values that were within their expected ranges.

About Noram Lithium Corp.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,000/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:

Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE: Noram Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/703581/Noram-Receives-Results-for-CVZ-75-76-High-Grade-Intercepts-of-150-Ft-457-M-Averaging-962-PPM-100-Ft-305-M-Averaging-1163-PPM-Respectively

Tags #JuniorMining, #MauriceJackson, #NoramLithium, #NRM, #ProvenAndProbable, #ZuesProject, best canadian gold stocks, best canadian mining stocks, best gold mining stocks, canadian gold stocks list, Peter A. Ball

Base Metals Energy Junior Mining Noram Lithium

Noram Receives Results for CVZ-71: High-Grade Intercept of 280.0 ft (85.3 m) Averaging 1050 ppm & High of 1560 ppm

Post author By admin
Post date May 26, 2022

VANCOUVER, BC / ACCESSWIRE / May 26, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to announce the successful completion of CVZ-71 (PH-10) and release of the final assay results. The Company completed core hole CVZ-71 at a depth of 453.5 feet (138.2 m). Sampling for assay began at 30 ft (9.1 m) and continued to the bottom of the hole. An interval thickness of 280 ft (85.3 m) was intersected from 140 ft (42.7 m) to 420 ft (128.0 m). The hole ended in mineralization and the weighted average lithium values present were as follows:

Noram Lithium Corp., Thursday, May 26, 2022, Press release picture

“As Noram moves toward completion of the Zeus property’s PFS, now on schedule for completion in October 2022, the assay results from CVZ-71 provide another long, high-grade intercept to the list of drillholes that is expected to upgrade a major portion of the deposit from an inferred resource to the indicated resource category” comments Brad Peek, VP of Exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.

Table 1 – Sample results from CVZ-71 from 30 ft (9.1 m) to depth of 453.5 ft (138.2 m).https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Clayton_Valley_Charter_High_School%253BLithium_carbonate%253BNor-Am_Cup%253BMineral_resource_classification%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%25221869a662-45fa-37a9-a47a-ba4e81a1165c%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

The samples were analyzed by the ALS laboratory in Reno, Nevada. Certified reference standard samples were included in the sample batch and returned values that were within their expected ranges.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV:NRM),(OTCQB: NRVTF),(Frankfurt:N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,000/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE:Noram Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/702737/Noram-Receives-Results-for-CVZ-71-High-Grade-Intercept-of-2800-ft-853-m-Averaging-1050-ppm-High-of-1560-ppm

Tags #MauriceJackson, #NoramLithium, #NRM, #PeterBall, #PreciousMetals, #ProvenAndProbable

Energy Junior Mining Noram Lithium

Noram Receives Results for CVZ-72 with the Longest and Highest-Grade Intercept from all of the Zeus Drilling to Date

Post author By admin
Post date May 5, 2022

VANCOUVER, BC / ACCESSWIRE / May 5, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is pleased to announce the successful completion of CVZ-72 (PH-06) and release of the final assay results. The Company completed core hole CVZ-72 at a depth of 428 feet (130.5 m). Sampling for assay began at 60 ft (18.3 m) and continued to the bottom of the hole, an interval thickness of 368 ft (112.2 m) was intersected, which was the entire assayed portion of the hole. The hole ended in mineralization and the weighted average lithium values present were as follows:

Noram Lithium Corp., Thursday, May 5, 2022, Press release picture

Figure 1. Comparative stratigraphy and assay results for drill holes CVZ-72 as compared to CVZ-53 and CVZ-68, which were drilled as part of the Phases IV and V programs. CVZ-53 and CVZ-68 both had long intercepts of high grade lithium mineralization. The histogram on the sides of the holes are the composited lithium grades in ppm Li. The cross section has a 4X vertical exaggeration.

“CVZ-72 was the second hole completed in Noram’s 12-hole Phase VI drilling program. These assays represent the longest and highest-grade interval of lithium mineralization intersected to date on the Zeus property. This hole also clearly reaffirms the consistently high lithium grades across this blanket-like mineral deposit. If the program continues to produce results such as these, we could reasonably expect our PFS to outshine our PEA. Ending in mineralization at depths such as these suggests even greater potential for the size and extent of this resource” comments Brad Peek, VP of Exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.

Table 1 – Sample results from CVZ-72 from 60 ft to depth of 428 ft.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%2522%252C%2522hashtag%2522%253A%25221542500%2522%252C%2522wiki_topics%2522%253A%2522Clayton_Valley_Charter_High_School%253BNor-Am_Cup%253BLithium_carbonate%253BZeus%253BLithium%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%252240a280ff-4983-315c-895c-18deb81d6637%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

The samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the sample batch and returned values that were within their expected ranges.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:

Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE: Noram Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/700106/Noram-Receives-Results-for-CVZ-72-with-the-Longest-and-Highest-Grade-Intercept-from-all-of-the-Zeus-Drilling-to-Date

Tags #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #NoramLithium, #NRM, #PeterBall, #ProvenAndProbable

Base Metals Energy Junior Mining Noram Lithium

Noram Completes CVZ-74 at 558.0 ft (170.1 m) with a Potential Interval of 352.0 ft (107.3 m) of Visually Rich Clays

Post author By admin
Post date April 28, 2022

VANCOUVER, BC / ACCESSWIRE / April 28, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to report that the Company has completed hole CVZ-74 (PH-07) on its Zeus lithium clay deposit in Nevada to a total depth of 558.0ft (170.1 m). Visual inspection of the core confirmed that clays previously shown to be high in lithium grades appeared at approximately 126.0 ft (38.4 m) and extended down to total depth of 478.0 ft (145.7 m) for a total intersection of approximately 352.0 ft (107.3 m). Variously colored mudstones, which may also contain high lithium levels were logged down to the hole’s total depth of 558.0 ft (170.1 m).

Noram Lithium Corp., Thursday, April 28, 2022, Press release picture

Figure 1 – A photograph of the Titan Drilling Co. LF-70 drill rig onsite while drilling CVZ-74.

Figure 2 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 proposed holes for Phase V1 currently underway. Phase VI holes are indicated in purple.

“The interval of potentially rich lithium clays in CVZ-74 appears to be one of the thickest we have encountered in all of our Clayton Valley drilling. Only the final assays will determine its true thickness and grade, but it is certainly in line lithologically with other nearby holes and is likely to be positive for the PFS” commented Brad Peek M.Sc. CPG., VP of Exploration and Qualified Person for this and all 5 of the previous drilling phases of Noram’s Zeus lithium property.

Figure 3. Comparative lithology for drill hole CVZ-74 as compared to CVZ-61 and CVZ-68, which were drilled as part of the Phase V program. CVZ-61 and CVZ-68 had long intercepts of high grade lithium. All of the lithology units except the brown mudstones have relatively high lithium concentrations in previous drill holes on the property. The histogram on the sides of CVZ-61 and CVZ-68 are the 5m composited lithium grades in ppm Li. The section has a 4X vertical exaggeration.

CVZ-74 is the fourth of the 12-hole Phase VI drilling program which is expected to upgrade approximately 175 million tonnes of the current 827 million tonne Inferred Resource to the Indicated category. Core samples from CVZ-74 have been shipped to ALS Laboratory in Reno, Nevada for assay processing. QA/QC samples have accompanied the samples as checks on the laboratory’s analyses. Assay results are pending.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522wiki_topics%2522%253A%2522Nor-Am_Cup%253BClayton_Valley_Charter_High_School%253BLithium_carbonate%253BNevada%253BCompany%253BLithium%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%2522307fc2d9-29b6-3129-bc8e-8a860b04100f%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:

Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE: Noram Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/699206/Noram-Completes-CVZ-74-at-5580-ft-1701-m-with-a-Potential-Interval-of-3520-ft-1073-m-of-Visually-Rich-Clays

Tags #CanadianMiningStocks, #NoramLithium, #NRM, #PeterBall

Base Metals Energy Junior Mining Noram Lithium

Noram Receives Results for CVZ-70: High of 1930 ppm Intersection of 443 ft (135.0 m) Averaging 968 ppm Lithium

Post author By admin
Post date April 14, 2022

VANCOUVER, BC / ACCESSWIRE / April 14, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to announce the successful completion of CVZ-70 and release of the final assay results. The Company completed core hole CVZ-70 at a depth of 463 feet (141.1 m). An interval thickness of 443 ft (135.0 m) was intersected from 20 ft (6.1 m) to 463 ft (141.1 m) which encompasses the entire core hole. The weighted average lithium values present were as follows:

Depth of Interval Intersection	Total thickness	Weighted Average Lithium (ppm)
20 ft to 462 ft (6.1 m to 141.1 m)	443.0 ft (135.0 m)	968.0 ppm
110 ft to 330 ft (33.5 m to 100.6 m)	220.0 ft (67.1 m)	1267.3 ppm
110 ft to 463 ft (33.5 m to 141.1 m)	363.0 ft (110.6 m)	1067.9 ppm

“CVZ-70 is the first hole in Noram’s 12-hole Phase VI drilling program. The hole clearly shows the consistently high lithium grades across this blanket-like mineral deposit.” comments Brad Peek, VP of Exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.

Hole ID	From (ft)	To (ft)	From (m)	To (m)	Li (ppm)
CVZ-70	20	30	6.1	9.1	710
CVZ-70	30	40	9.1	12.2	910
CVZ-70	40	50	12.2	15.2	580
CVZ-70	50	60	15.2	18.3	710
CVZ-70	60	70	18.3	21.3	690
CVZ-70	70	80	21.3	24.4	940
CVZ-70	80	90	24.4	27.4	810
CVZ-70	90	100	27.4	30.5	940
CVZ-70	100	110	30.5	33.5	830
CVZ-70	110	120	33.5	36.6	1930
CVZ-70	120	130	36.6	39.6	1240
CVZ-70	130	140	39.6	42.7	1050
CVZ-70	140	150	42.7	45.7	1430
CVZ-70	150	160	45.7	48.8	1270
CVZ-70	160	170	48.8	51.8	1450
CVZ-70	170	180	51.8	54.9	1410
CVZ-70	180	190	54.9	57.9	1400
CVZ-70	190	200	57.9	61.0	1240
CVZ-70	200	210	61.0	64.0	1530
CVZ-70	210	220	64.0	67.1	1560
CVZ-70	220	230	67.1	70.1	1500
CVZ-70	230	240	70.1	73.2	1230
CVZ-70	240	250	73.2	76.2	1120
CVZ-70	250	260	76.2	79.2	1150
CVZ-70	260	270	79.2	82.3	990
CVZ-70	270	280	82.3	85.3	1010
CVZ-70	280	290	85.3	88.4	1120
CVZ-70	290	300	88.4	91.4	1110
CVZ-70	300	310	91.4	94.5	1000
CVZ-70	310	320	94.5	97.5	1070
CVZ-70	320	330	97.5	100.6	1070
CVZ-70	330	340	100.6	103.6	880
CVZ-70	340	350	103.6	106.7	690
CVZ-70	350	360	106.7	109.7	660
CVZ-70	360	370	109.7	112.8	730
CVZ-70	370	380	112.8	115.8	760
CVZ-70	380	390	115.8	118.9	880
CVZ-70	390	400	118.9	121.9	750
CVZ-70	400	410	121.9	125.0	770
CVZ-70	410	420	125.0	128.0	570
CVZ-70	420	430	128.0	131.1	470
CVZ-70	430	440	131.1	134.1	510
CVZ-70	440	450	134.1	137.2	560
CVZ-70	450	457	137.2	139.3	1410
CVZ-70	457	463	139.3	141.1	1000

Table 1 – Summary of sample results from CVZ-70 from surface to depth of 463 ft.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522wiki_topics%2522%253A%2522Nor-Am_Cup%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%2522a70ef882-2737-36d5-9ba1-519a55c382a5%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

“We are very happy with Noram’s progress to date. This phase of drilling will upgrade a substantial amount of the Inferred Resource to the Indicated category. While we move aggressively forward towards the completion of our PFS in 2022, we remain focused on our green mandate by exploring new ingenuitive solutions. Noram will stay aligned with its values and be a leader in this field while bringing immense value to the shareholders as it takes the Zeus Project to the next level”, commented Sandy MacDougall, CEO and Director.

The samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the sample batch and returned values that were within their expected ranges.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE: Noram Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/697318/Noram-Receives-Results-for-CVZ-70-High-of-1930-ppm-Intersection-of-443-ft-1350-m-Averaging-968-ppm-Lithium

Tags #NoramLithium, #NRM, #PeterBall

Energy Junior Mining Noram Lithium Uncategorized

Noram Completes Cvz-70 At 463ft (141.1m) With Near Surface Mineralization and Over 350ft (106.7m) Of Visually Rich Clays

Post author By admin
Post date March 31, 2022

VANCOUVER, BC / ACCESSWIRE / March 31, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is pleased to report that the Company has completed hole CVZ-70 on its Zeus lithium clay deposit in Nevada to a total depth of 463 ft (141.1m). When logging and visual inspection of the core was completed, it was noted that mineralization appeared immediately near surface and extended down to approximately 387.0 ft (138m) for a total intersection of 380ft (116m).

Figure 1 shows the Zeus project drilling to date with the various drilling phases color coded. The arrow points to the recently completed CVZ-70 hole. Other planned Phase VI holes are indicated in purple.

Figure 1 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 proposed holes for Phase V1 currently underway. CVZ-70 and other planned Phase VI holes are indicated in purple.

“Drill hole CVZ-70 is an incredibly encouraging hole for Noram. Figure 2 below shows a cross section with CVZ-70 and two adjacent, previously drilled, holes. The blue, green, black and magenta layers in the figure indicate claystone layers that have been shown to host the higher lithium assays from past drilling. The 380-foot (116-meter) intersection in CVZ-62 was one of the thickest claystone intersections by far. CVZ-70 appears to likely rival this and prior holes from prior programs. Thicker intersections such as this one will have profound implications on future resource tonnage calculations” commented Brad Peek M.Sc. CPG., VP of Exploration and Qualified Person for this and all 5 of the previous drilling phases of Noram’s Zeus lithium property.

Figure 2. Comparative stratigraphy for drill holes CVZ-70 as compared to CVZ-61 and CVZ-62, which were drilled as part of the Phase V program. CVZ-61 and CVZ-62 were two of the longest intercepts drilled on the property to date. All of the claystone units except the brown silty claystone have relatively high lithium concentrations in previous drill holes on the property. The histogram on the sides of CVZ-61 and CVZ-62 are the composited lithium grades in ppm Li.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522wiki_topics%2522%253A%2522Nor-Am_Cup%253BLithium_carbonate%253BNevada%253BCompany%253BZeus%253BLithium%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%25221847405a-34aa-3752-a2c5-fbf07da729f3%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

CVZ-70 is the first of the 12-hole Phase VI drilling program which is expected to upgrade approximately 175 million tonnes of the current 827 million tonne Inferred Resource to the Indicated category. Core samples from CVZ-70 have been shipped to ALS Laboratory in Reno, Nevada for assay processing on a “rush” basis. Assay results are pending.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and treasury exceeding US$18 million. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE: Noram Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/695434/Noram-Completes-Cvz-70-At-463ft-1411m-With-Near-Surface-Mineralization-and-Over-350ft-1067m-Of-Visually-Rich-Clays

Tags #NoramLithium, #NRM, #PeterBall

Base Metals Energy Junior Mining Noram Lithium

Noram Lithium Announces Binding LOI For Strategic USD$14 Million Financing With Lithium Royalty Corp. And Waratah Capital Advisors Ltd.

Post author By admin
Post date February 7, 2022

VANCOUVER, BC / ACCESSWIRE /February 7, 2022/ Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to announce that it has entered into a binding letter of intent (the “LOI“), dated February 4, 2022, in connection with a proposed royalty sale and equity investment (the “Investment“), Lithium Royalty Corp. (“LRC“) and the Waratah Electrification and Decarbonization AIE LP (“E&D“). The Investment consists of the purchase of a 1.0% gross overriding royalty (“GOR“) on its wholly-owned high-grade Zeus Lithium Project (“Zeus“) in Clayton Valley, Nevada for USD$5.0 million and a concurrent strategic investment through a USD$9.0 million private placement.

Key Terms and Highlights of the LOI:

Subject to final due diligence, Noram will enter into a royalty agreement with LRC for the sale of a 1.0% GOR over Noram’s Zeus sedimentary lithium claims in Clayton Valley, Nevada, for total compensation of USD$5.0 million, with payments scheduled upon completion of the two following milestones:
USD$4.0 million on closing of the Investment.
USD$1.0 million on the completion of a definitive feasibility study.
LRC and E&D will also co-invest USD$9.0 million via a private placement alongside the GOR purchase at the price of CDN$0.825 per share. No warrants are to be issued in relation to the private placement, and no finders’ fees or commissions are payable.
LRC and E&D will also be granted the right but not the obligation to invest an additional USD$9.0 million once and only if the common shares of Noram reaches CDN$1.50 per share. LRC and E&D shall have this right for only thirty (30) calendar days from the date Noram’s share price reaches CDN$1.50 per share.
LRC and E&D have agreed that the maximum number of shares to be co-owned by LRC and E&D will not exceed 19.9% of the total outstanding shares of Noram at any given time on a partially diluted basis. LRC and E&D shall have the right to maintain its pro-rata ownership percentage for a period of two (2) years from closing of the investment.
The LOI contains the agreed commercial terms of the proposed royalty agreement, completion of which is subject to the satisfaction of certain conditions precedent by February 18, 2022, including satisfactory due diligence and a site visit from LRC.
Due diligence is underway, with the Investment expected to be completed and funded by February 25, 2022.

“2021 was an outstanding year for the Company and its shareholders with the advancement of its 100%-owned high-grade Zeus Lithium Project through to the PEA stage, the expansion of our management team, and in setting the stage for an even more active year in 2022,” stated Mr. Sandy MacDougall, CEO of Noram Lithium. “We are absolutely thrilled to have Lithium Royalty Corp. and its globally recognized financial and technical team as a key strategic and cornerstone shareholder. LRC’s strong vote of confidence in our advanced Zeus Project and alignment with Noram’s strategy is significant and we look forward to developing our strategic relationship over time.”

Proceeds from the strategic investment will be used to assist in accelerating the advancement of the Zeus Lithium Project through to the completion of Definitive Feasibility Study. A recent Preliminary Economic Assessment dated December 2021 highlights an after-tax NPV(8) of USD$2.67 Billion with an Internal Rate of Return of 52% at $14,250/tonne Lithium Carbonate Equivalent (“LCE”). LCE currently trades at ~USD$60,000 per tonne.

Mr. Peter A. Ball, President and COO added, “2022 will be an extremely busy year as we aggressively advance towards the completion of a Pre-Feasibility Study and further de-risk the Zeus Lithium Project on all fronts. We are now fully funded through 2022 and beyond to ramp up our activities on site as we advance through further detailed engineering and metallurgical studies, complete additional drilling to further add to our already significant lithium resource and accelerate baseline environmental studies and preliminary work for future permitting. LRC’s acknowledgement or “stamp of approval” of the Zeus Project and their significant investment in Noram provides the platform and capital to significantly advance the Project.”

2022 Catalysts and Planned Corporate Activity:

A Pre-Feasibility Study (“PFS”) for the Zeus Lithium Project is planned for completion in the second half of 2022.
A 12-hole drill program is planned for Q1 2022 to further expand and upgrade the existing 43-101. The focus of the program is to upgrade existing inferred resources into the indicated category to be utilized in the PFS.
Additional metallurgical studies are planned to further understand and enhance the mineral processing opportunities to extract LCE at the Zeus deposit. Previous studies indicated up to 91% metallurgical recovery of LCE.
Initiate and further expand baseline environmental studies, social and green initiatives.
Significantly expand our investor relations and awareness branding efforts within the institutional and retail investment community, expand our business and corporate development activities, and further increase analyst coverage and global exposure.

The Company is at arms-length from each of LRC and Waratah E&D. Completion of the Investment remains subject to completion of ongoing due diligence by LRC and Waratah E&D as well as approval of the TSX Venture Exchange. In connection with the Investment, a marketing fee of $150,000 is owing to an arms-length third-party. On closing, the fee will be satisfied through the issuance of 181,818 common shares at a deemed price of $0.825. All securities issued in connection with the investment will be subject to statutory restrictions on resale prescribed by applicable securities laws.

The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc, CPG, Vice President Exploration, Noram Lithium Corp., who is a Qualified Person with respect to the Clayton Valley Lithium Project as defined under National Instrument 43-101.

About LRC

Lithium Royalty Corp (“LRC“) is a North American royalty corporation focused on investing in high quality low-cost projects in the battery materials sector with an emphasis on lithium. LRC was founded in 2018 and has now established itself as a leading financier in the lithium industry having completed 17 royalties since inception exclusive of this transaction. Its investments are diversified across the world with exposure in Australia, Argentina, Brazil, Canada, Serbia, and the United States of America. LRC is a signatory to the United Nations Principles for Responsible Investing and seeks to invest in companies with high environmental, social, and governance standards. Waratah Capital Advisors is the sponsor and general partner of Lithium Royalty Corp.

About E&D and Waratah

Waratah Capital Advisors is the sponsor and general partner for the recently launched Waratah Electrification and Decarbonization (E&D) Fund. The Fund seeks to achieve attractive risk-adjusted returns through investments in battery material, decarbonization, and electric vehicle related opportunities. Waratah Capital Advisors is a Toronto-based asset manager that specializes in alternative strategies. Waratah Capital Advisors manages over $3 billion in assets from high-net-worth individuals, family offices, foundations, Canadian bank platforms, and pension funds.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 75 million shares issued. Noram is aggressively advancing its 100%-owned Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022. The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of USD$1.299 Billion and IRR of 31% using USD$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of USD$14,000/tonne, the PEA indicates an NPV (8%) of approximately USD$2.6 Billion and an IRR of 52% at USD$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
CEO and Director
C: 778.999.2159

For additional information please contact:

Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

SOURCE: Noram Lithium Corp.

Tags #NoramLithium, #NRM, #PeterBall, #ZuesProject

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Tag: #NoramLithium

Noram Highlights Milestones During 2022

Rover Metals – Lithium, Nevada, Finance Opportunity

Noram Receives Results for CVZ-77 & 78: High-Grade Intercepts of 240 Ft (73.2 m) Averaging 1212 PPM, & 231.3 Ft (70.5 m) Averaging 1157 PPM Respectively

Noram Receives Results for CVZ-75 & 76: High-Grade Intercepts of 150 Ft (45.7 M) Averaging 962 PPM, & 100 Ft (30.5 M) Averaging 1163 PPM Respectively

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Noram Receives Results for CVZ-72 with the Longest and Highest-Grade Intercept from all of the Zeus Drilling to Date

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Noram Receives Results for CVZ-70: High of 1930 ppm Intersection of 443 ft (135.0 m) Averaging 968 ppm Lithium

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