Noram Lithium

Noram Lithium Engages Mayer and Associates

Sandy MacDougall, CEO of Noram LithiumCorp. ("Noram" or the "Company") (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is pleased to report that it has engaged Mayer and Associates ("MASS") to assist the Company with its strategic partnerships and relationships, as well as a financing strategy. This will include the introduction of institutional investors, strategic analysts as well as reputable articles and interviewswith reputable entities. MASS is an arms-length consulting firm, based in New York, and specializing in operations and strategies of public and private companies.

MASS has been engaged for an initial term of twelve months. In consideration for the engagement, the Company will issue 50,000 common shares monthly (the "Consideration Shares").Assuming MASS completes the entire term of the engagement, they will receive a total of 600,000Consideration Shares.

Completion of the issuance of the Consideration Shares remains subject to the approval of the TSX Venture Exchange. All Consideration Shares issued to MASS will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

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. 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 363million 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$1.299 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% atUS$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

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 of the engagement of MASS and the approval of the TSX Venture Exchange. 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).

Click here to connect with Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) to receive an Investor Presentation

Source

NRM:CA
The Conversation (0)
Noram Lithium Provides Update

Noram Lithium Provides Update

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is providing a corporate update and an update on its 100% owned Zeus Lithium Project ("Zeus" or the "Project"), located in Clayton Valley, Nevada

Zeus Lithium Project Update

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Engages CDMG for Marketing Services

Noram Lithium Engages CDMG for Marketing Services

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces that it has engaged Creative Direct Marketing Group Inc. ("CDMG") to provide the Company with marketing services and to raise public awareness of the Company

"A leader in targeted advertising, Creative Direct Marketing Group, Inc is a full-service, direct response advertising and digital marketing agency with one goal in mind: increasing your response, market presence, and profits through ‘accountable advertising.' For more than 40 years, we've helped turn entrepreneurial start-ups into large companies and large companies into multibillion-dollar businesses" commented CDMG.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Announces Appointment of Vice President, Project Development

Noram Lithium Announces Appointment of Vice President, Project Development

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announced today it has appointed Mr. Glenn Barr as Vice President, Project Development, effective immediately

Mr. Barr has more than 25 years of experience in complex mining project development. Most recently he was Vice President, Project Development at Twin Metals Minnesota (TMM). His work included leading engineering studies, overseeing metallurgical test work programs and integrating environmental protection measures into project design. Prior to TMM, he held various roles at Stantec and Teck. As an Engineering Liaison at Stantec, he guided the environmental and engineering consultants in ensuring alignment and work efficiencies. While at Teck, he was integral in the development and commercialization of a novel hydrometallurgical process, and was a key member of the team that engineered and constructed a hydrometallurgical processing plant in Brazil. Mr. Barr holds a Bachelor of Science, Chemistry from the University of Victoria.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Engages Ausenco To Complete the Pre-Feasiblity Study for the Zeus Lithium Project

Noram Lithium Engages Ausenco To Complete the Pre-Feasiblity Study for the Zeus Lithium Project

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces it has engaged Ausenco Engineering Canada Inc. ("Ausenco") to lead the Pre-Feasibility Study ("PFS") of its 100% owned Zeus Lithium Project ("Zeus" or the "Project") in Clayton Valley, Nevada

The Company recently engaged SRK Consulting Inc ("SRK") to produce an optimized mine plan for Zeus (see news release dated February 7, 2023) and initiated a further round of metallurgical testing with Kemetco Research Inc ("Kemetco") to confirm and refine the process design for the Project (see news release dated February 14, 2023). Both of these ongoing work streams will form the basis of the PFS, now being managed by Ausenco.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Files NI43-101 Technical Report for Zeus Lithium Project

Noram Lithium Files NI43-101 Technical Report for Zeus Lithium Project

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announced today that it has filed on SEDAR a National Instrument 43-101 ("NI 43-101") technical report (the "Report") titled "Updated Resource Estimate Zeus Lithium Project". The technical report supports the updated Mineral Resource Estimate announced on January 30, 2023 and is available for review on both SEDAR (www.sedar.com) and the Company's website (www.noramlithiumcorp.com). There are no material differences in the mineral resources reported in the news release of January 30, 2023 and those described in the report

About noram lithium corp.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Portofino Increases and Closes $965,000 Financing

Portofino Increases and Closes $965,000 Financing

Portofino Resources INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") wishes to announce that it has increased and closed its private placement financing for $965,000 priced at $0.10 per Unit. Each Unit consists of one common share and one share purchase warrant. Each Warrant has a term of 36 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.15. The Company is issuing 9,650,000 Share Units that are subject to a 4 month hold period expiring in January 2024.

Proceeds from the financing shall be used for the buyout of the Yergo Lithium Project option agreement (see NR August 14), initial associated drill permitting activities, as well as general working capital.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ioneer Ltd

Latest Tests Reveal Potential For Increased Organic Growth At Rhyolite Ridge

Ioneer Ltd (“Ioneer” or “the Company”) (ASX: INR, Nasdaq: IONR), an emerging lithium-boron producer, announced test results revealing 79% of the 360 million tonne Mineral Resource can be processed in a similar manner to Type 1 mineralisation, to create critical electric vehicle battery materials within the Rhyolite Ridge Project’s existing footprint.

Keep reading...Show less
Galan Lithium Limited

Greenbushes South Drilling Update

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to provide an update on its extended maiden diamond drilling program at its 100% owned Greenbushes South project in Western Australia, with final assay results validating its exploration model for targets. The Company’s exploration model employed novel geophysical methods for identifying blind pegmatites at depth, and the rock types associated with spodumene mineralisation, and proved to be successful. Whilst drilling to date has not detected any significant lithium mineralisation, the results mean that Galan’s planning for further exploration will be more focused and cost-effective.

Keep reading...Show less
Balkan Mining

Drilling Commences At The Gorge Lithium Project

Balkan Mining and Minerals Ltd (ASX: BMM; “BMM” or “the Company”) is pleased to announce the commencement of the Company’s phase 1 drill program at the Gorge Lithium Project located in Ontario, Canada (the "Gorge Lithium Project" or the "Project").

Keep reading...Show less
QX Resources

Nickel-Copper Intersected Near Surface in 8 Holes at Bayrock’s Vuostok Project Including 6.9m @ 1.2% Ni and 2.2% Cu

QX Resources Limited (ASX:QXR) is pleased to announce that Bayrock Resources Limited (Bayrock) has confirmed highly encouraging nickel-copper mineralisation, some in thick intercepts, in eight drill holes at the Storbodsund Prospect within Bayrock’s Vuostok Nickel-Copper Project in Northern Sweden. QXR has a significant (39%) holding in Bayrock Resources Limited.

Keep reading...Show less

Latest Press Releases

Related News

×