Noram Ventures Inc. (NRM.V) is advancing its lithium mineral properties located in Nevada and Argentina and establishing itself as the low cost supplier for the expanding lithium battery business.
October 11, 2018 PP for $1,256,060 @ $0.10.5/unit
NI 43-101 compliant inferred resource of 17 million tonnes at a grade of 1060 ppm lithium, equates to 96,476 Lithium Carbonate Equivalent (LCE)
Up to 96% recovery of the lithium by way of leaching.
Noram’s lithium property is adjacent to Cypress Development Lithium deposit which has a net present value of $1.45 billion at 8% discount rate and 32.7% internal rate of return on after-tax cash flow.
Noram’s lithium property is located within one mile (1.6 km) of Albemarle Corp.'s lithium brine operations and adjacent to Cypress Development Lithium deposit which has a net present value of $1.45 billion at 8% discount rate and 32.7% internal rate of return on after-tax cash flow.
32M I/O
52 week - 0.80 0.12
www.noramventures.com/
fyi,
According to analysts at Citigroup.
A car uses about 4,500 times the amount of lithium a cellphone uses.
Electric vehicles consumed 15,000 tons of lithium in 2015.
By 2025, the car industry will consume 136,000 tons or more.