- 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.