In short

Net Present Value:

N/A

No data released

Resource Estimate:

0.75 Mt

LCE, Measured & Indicated

Stage:

RE

Resource Estimate, Completed

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Lithium project:

Zeus

Nevada, USA

Project Summary

Net Present Value

N/A

No figures released

Resource Estimate

0.75 Mt

LCE, Measured & Indicated

Completed Stage:

RE

Resource Estimate, Completed

Location: Nevada, USA
Completed Stage: RE
Next Stage: PEA
Deposit type: Sedimentary

Website: noramventures.com

Company description

Noram Ventures Inc. (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. Shares 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. 

Resources & Reserves

Resources

Reserves

Project Economics

Initial capital costs

N/A

No data released

After-tax IRR

N/A

No data released

Operation Cost

N/A

No data released

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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