• TSX-V: NRM
  • OTCQB: NRVTF
  • Frankfurt: N7R1

Timeline

March 2023

Noram engages Ausenco to complete the Prefeasibility Study for the Zeus Lithium Project.

February 2023

Noram engages SRK Consulting to produce an optimized mine plan for Zeus. The optimization study will focus on the high-grade zone of the Zeus deposit. The high-grade zone at Zeus outcrops at surface and is approximately 60 meters thick x 1.2 kilometers wide x 3.0 kilometers long.

Noram commenced a third phase of metallurgical testwork at Kemetco Research to confirm ability to recover high-purity lithium carbonate from Zeus mineralized material using known technology of leaching with sulphuric acid followed by neutralization and purification of the solution and precipitation of lithium carbonate product.

January 2023

Noram appoints Greg McCunn as Chief Executive Officer to lead the next stages of development of Zeus.

Noram completes an update Mineral Resource Estimate for Zeus based on the Phase VI drill program. The updated NI NI 43-101 report estimated Measured & Indicated Resources of 5.17 million tonnes (“Mt”) LCE (1,034 Mt at 941 ppm lithium), and Inferred Resources of 1.09 Mt LCE (235 Mt at 871 ppm lithium) at a 400 ppm Li cut-off.

March 2022

Noram appoints Brad Peek as VP Exploration and commences Phase VI drill program focused on upgrading inferred resources to Measured & Indicated Resources for use in its Preliminary Feasibility Study (PFS).

February 2022

Noram completes strategic US$14M investment with Waratah Capital Advisors and Lithium Royalty Corp to be used to fund a Preliminary Feasibility Study (PFS).

December 2021

Noram completes a Preliminary Economic Assessment for Zeus highlighting an after-tax NPV(8%) of US$2.67 Billion and an IRR of 52% at $14,250/tonne LCE pricing.

September 2021

Noram completes an updated NI 43101 with a new resource estimates to be used as the basis for a PEA.

March 2021

Noram arranges non-brokered, strategic 2.3M financing obtaining ample capital to complete drilling, update and upgrade resource estimate and preliminary economic assessment (PEA).

February 2019

The company files an updated NI 43-101 report based on 60 drill holes which resulted in an updated inferred mineral resource estimate for Zeus.

July 2017

The Company files an updated NI 43-101 report with a maiden inferred clay-hosted lithium resource in the Clayton Valley.

April 2016

Noram makes initial property acquisitions in Clayton Valley, both North and South of Albemarle’s Silver Peak mine, North America’s only lithium producer.