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In short

Net Present Value:

$4.3 B

PEA- using $20,000/tonne LCE

Resource Estimate:

1.8 Mt

LCE, Measured & Indicated



Preliminary Economic Assessment Completed


Lithium project:


Nevada, USA

Project Summary

Net Present Value 8%

$4.3 B

Using $20,000/tonne LCE

Resource Estimate

1.8 Mt

LCE, Measured & Indicated

Completed Stage:


Preliminary Economic Assessment, Completed

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


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



Project Economics

Initial capital costs


After-tax IRR


Using $20,000/tonne LCE

Operation Cost


per tonne LCE



Of the TLC project

Company financials


$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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