Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Noram Lithium (NRM) announced the summary results of a PEA for the high-grade lithium deposit at its wholly-owned Zeus Lithium Project in Nevada
  • Highlights include $1.299 billion NPV and gross revenue of $303.4 Million/year
  • Noram Lithium is a Canadian-based junior exploration company focused on developing lithium deposits
  • The company’s primary business is the Zeus Lithium Project (Zeus) in Clayton Valley, Nevada
  • Noram Lithium Corp. (NRM) opened trading at C$0.91 per share

Noram Lithium (NRM) announced the summary results of a PEA for the high-grade lithium deposit at its wholly-owned Zeus Lithium Project.

The project is located less than 1 mile from the only lithium production facility in the United States.

PEA highlights (US$)

  • $1.299 billion Net Present Value (NPV)
  • 31 per cent Internal Rate of Return (IRR)
  • Estimated initial CAPEX of $528 million with after-tax payback period of 3.23 years
  • Gross revenue of $303.4 million/year
  • Operating cost (OPEX) of $3,355.30/tonne Lithium Carbonate Equivalent (LCE) with a break-even price of $4016.6/tonne LCE LOM
  • Estimated 40-year mine life

Peter Ball, President of Noram Lithium sat down with Dave Jackson to discuss the news.

Noram Lithium is a Canadian-based junior exploration company focused on developing lithium deposits and becoming a low-cost supplier. The company’s primary business is the Zeus Lithium Project (Zeus) in Clayton Valley, Nevada.

Noram Lithium Corp. (NRM) opened trading at C$0.91 per share.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Top 5 Stories of the Week: Saturn Oil & Gas (TSXV:SOIL), Trillion Energy (CSE:TCF), Siyata Mobile (NASDAQ:SYTA), Collective Mining (TSXV:CNL), Blackrock Silver (TSXV:BRC)

The downturn in the markets this week could benefit from some context.

" Top 5 Stories of the Week: Givex Information Technology Group (TSX:GIVX), Nextech AR Solutions (CSE:NTAR) (OTCQB:NEXCF), Else Nutrition (TSX:BABY), Banyan Gold (TSXV:BYN), Trillion Energy (CSE:TCF)

One dilemma facing investors in the stock market is whether to increase, decrease or suspend their investment when inflation is continuously rising.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.