Company Profiles

Noram Ventures

TSXV:NRM

Building an International Lithium-Graphite Industrial Minerals Company

Press Releases

Overview

Noram Ventures Inc. (TSXV:NRM) (OTCBB:NRVTF:US) is focused on building an international industrial minerals company and becoming a low cost supplier of lithium and graphite materials into North American, European and Asian markets. The company’s three key properties are the Clayton Valley lithium clay/brine project in Nevada’s lithium hub, the recently acquired Arizaro East lithium project in Argentina and the Jumbo flake graphite project in British Columbia.

Noram believes that having both lithium and graphite properties affords a considerable advantage in the lithium-ion battery sector as both materials are essential for the green revolution and the rising global demand for electric vehicles. Despite the name, upwards of ten times more graphite than lithium is used in lithium-ion batteries.

By 2020, Tesla Motors’ Nevada based “Gigafactory” is expected to produce more lithium-ion batteries annually than produced worldwide in 2013. The plant is located 200 kilometers from Noram’s Clayton Valley Lithium property.

Noram has completed bench testing a new nanofiltration process designed to extract lithium carbonate directly from claystone with minimal water use—a key feature for projects in the State of Nevada where water usage is a contentious issue. The proprietary patented process is based on membrane technology already in use for resource extraction in the mining and oil & gas industries and offers an environmentally-friendly, low-cost alternative to conventional lithium extraction methods. MDS reported a Li concentration in the supernatant solution, generated with the optimized leach procedure, of 150 ppm which is equivalent to 80% of the initial Li reporting to the leach solution. A second leach step was performed on a subsample of the leached solids by combining 100 g of the moist leached solids (6.5% liquid content) with 200 mL of water and 10 mL of H2SO4. The second leach step resulted in a Li concentration in the leached solids of 36 ppm or an equivalent 81% Li recovery. Although the second leach step was not tested on the full-size sample, the results from the second leach can be used to estimate a total Li recovery after first and second leach steps of 96.25%. In addition to improving Li recovery, MDS reported that a second acid treatment step enhanced solid-liquid separation and filtering after leach.

Company Highlights

  • Lithium property adjacent to Albemarle’s Silver Peak mine, the only lithium producing mine in North America.
  • Recently acquired lithium property on third largest salt lake in the world in Salta, Argentina
  • Phase I exploration completed in Clayton Valley with highest lithium values on project to date.
  • Recently published N.I. 43-101 stated an inferred mineral resource of approximately 17 million metric tonnes at a grade of about 1,060ppm Li, which equates to 96,476 Lithium Carbonate Equivalent.
  • Metallurgical testing of sample material from Jumbo graphite property shows 45 percent large flake category, battery grade.
  • Noram developing environmentally-friendly, low-cost processing methods for both lithium and graphite.
  • Holding both lithium and graphite properties places Noram at a considerable advantage in the lithium-ion battery sector.
  • Noram’s team of experts have an unparalleled track record of success and experience.
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