In short

Net Present Value:

$2 B

PEA- using $12,000/tonne LCE

Resource Estimate:

1.8 Mt

LCE, Measured & Indicated

Stage:

PEA

Preliminary Economic Assessment Completed

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Lithium project:

Zeus

Nevada, USA

Project Summary

After-tax
Net Present Value 8%

$2 B

Using $12,000/tonne LCE

Resource Estimate

1.8 Mt

LCE, Measured & Indicated

Completed Stage:

PEA

Preliminary Economic Assessment, Completed

Location: Nevada, USA
Stage: PFS
Deposit type: Sedimentary

Website: noramlithiumcorp.com

Company description

Noram Lithium Corp. (TSX – Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) is a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium deposit and becoming a low – cost supplier for the burgeoning lithium battery industry. The Company’s primary business focus since formation has been the exploration of mineral projects that include lithium projects in the Clayton Valley in Nevada. Noram’s long term strategy is to build a multi – national lithium dominant industrial minerals company to produce and sell lithium into the markets of Europe, North America and Asia

Key takeaways:

1. Noram Share Deposit with Cypress Development Corp

The deposit is located in the same clay formation as Cypress Development that has successfully produced battery grade lithium end product and released a very positive PFS.

The Zeus property should share the same metallurgical characteristics of the clay as Cypress Developent’s Clayton Valley, hence benefit from the test work CYP has conducted. 

2. Released a positive preliminary economic assessment in Q4 2021

Resources & Reserves

Resources

Reserves

Project Economics

Initial capital costs

$528M

Using $12,000/tonne LCE

After-tax IRR

31%

Operation Cost

$3355

per tonne LCE

Ownership

100%

Of the TLC project

Company financials

Debt

$0.27 M CAD

Jul 20, 2020

Cash & Cash eq

$0.4 M CAD

Jul 20, 2020
includes Assets up for sale

 

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