0 seconds of 2 minutes, 51 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
02:51
02:51
 
  • Noram Lithium (NRM) announced a significant increase in its estimated mineral resources at the Zeus Lithium Project in Nevada
  • CEO Greg McCunn sat down with Sabrina Cuthbert to discuss the news
  • The company reports an increase of 190 per cent in Measured and Indicated lithium carbonate equivalent Resources from the August 2021 MRE
  • Substantial Inferred Resources remain from the 2022 Phase VI drill program
  • Noram Lithium is a Canadian-based junior exploration company focused on developing lithium deposits
  • Noram Lithium Corp. (NRM) opened trading at C$0.68 per share

Noram Lithium (NRM) announced a significant increase in its estimated mineral resources at the Zeus Lithium Project following the Phase VI drill program.

The company reported an increase of 190 per cent in Measured and Indicated (M&I) lithium carbonate equivalent resources from the August 2021 Mineral Resource Estimate.

M&I resources increased to 5.17 million tonnes lithium carbon equivalent (1,034 Mt at 941 parts per million lithium at a 400 ppm Li cut-off grade.

CEO Greg McCunn sat down with Sabrina Cuthbert to discuss the news. 

“The updated mineral resource estimate, with 82 drill holes completed to date, highlights that Noram’s Zeus Lithium Project is exceptionally well positioned in the United States amongst its peer deposits in terms of grade and contained Lithium Carbonate Equivalent. The high-grade core of the deposit outcropping at surface provides a significant opportunity to optimize the project mine plan and enhance value. With a strong treasury and a strengthened technical team, we are expecting to move aggressively in 2023 to further de-risk the project with continued metallurgical testing and completion of a prefeasibility study.”

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

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$0.68 per share.

Latest News
More T.BCT news on Stockhouse »
Latest Bullboard Posts
More bullboard posts for T.BCT on Stockhouse »
More From The Market Online
Uranium barrels

Standard Uranium stock rallies on new survey results

Standard Uranium stock (TSXV:STND) was up by 50 per cent after announcing positive geophysical results in the Eastern Athabasca Basin.
Hand holding electric battery cutout

E3 and Pure Lithium build new batteries from Alberta brines

Partners E3 Lithium (TSXV:ETL) and Pure Lithium produce lithium batteries using the former's brines and latter's battery technology.
nicola mining logo

Nicola Mining receives final permit for Dominion Creek Mineral Project

Nicola Mining (TSXV:NIM) has received the final permit to complete a bulk sample at its gold and silver Dominion Creek Mineral Project.
Gold mine

StockTalk | Gold Report: Development catalysts aplenty

RTG Mining associate, Mt. Labo, signed an offtake and financing deal with Glencore to partially fund its Mabilo project in the Philippines.