Noram Lithium Announces Fully Allocated Non-Brokered Financing

Rhea-AI Summary

Noram Lithium (OTCQB:NRVTF) announced a fully allocated non-brokered private placement of up to 10,675,000 units at $0.10 per unit for gross proceeds up to $1,067,500. Each unit includes one common share and one warrant exercisable at $0.15 for 36 months.

Net proceeds will fund general working capital, corporate overhead, and exploration and development. Certain insiders will participate; the related-party issuance is expected to be exempt from formal valuation and minority approval. The offering is subject to TSX Venture Exchange acceptance.

Positive

• Raises up to $1.07M to fund exploration and working capital
• Financing is fully allocated, indicating investor demand at the offering price
• Warrants at $0.15 provide potential upside funding without immediate cash outflow

Negative

• Issuance of 10,675,000 units creates immediate share dilution
• Warrants exercisable for 36 months introduce potential further dilution if exercised
• Insider participation triggers a related-party transaction, increasing governance scrutiny

VANCOUVER, BC / ACCESS Newswire / January 30, 2026 / Noram Lithium Corp. ("Noram" or the "Company") (TSX.V:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to announce that it has arranged a fully allocated non-brokered private placement financing (the "Offering") of up to 10,675,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $1,067,500.

Each Unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.15 per share for a period of 36 months from the date of issuance.

The net proceeds of the financing will be used for general working capital, corporate overhead, and exploration and development activities.

Certain insiders of the Company will be participating in the Offering. The issuance of securities to insiders will constitute a related-party transaction within the meaning of TSX Venture Exchange ("TSXV") Policy 5.9 and Multilateral Instrument 61-101 but is expected to be exempt from the formal valuation and minority shareholder approval requirements.

Finder's fees may be payable in connection with the Offering

The Company confirms that the Offering will not result in the creation of any new control persons. The offering is subject to acceptance by the TSX Venture Exchange.

For additional information:

Contacts:
In Europe: VP Corporate Development simon.studer@noramlithium.com
Elsewhere: Investor Relations at ir@noramlithiumcorp.com
Website: www.noramlithiumcorp.com

ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Director

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is focusing on advancing its 100%-owned Zeus Lithium Project located in Clayton Valley, Nevada an emerging lithium hub within the United States. With the upsurge in the electric vehicle and energy storage markets the Company aims to become a key participant in the domestic supply of lithium in the United States. The Company is committed to creating shareholder value through the strategic allocation of capital.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward Looking Information

This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, plans for ongoing development of the Zeus Lithium Project. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes, results of further exploration work, and availability of capital on terms acceptable to the Company. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

SOURCE: Noram Lithium Corp.

View the original press release on ACCESS Newswire

FAQ

What did Noram Lithium (NRVTF) announce on January 30, 2026 about financing?

Noram announced a fully allocated non-brokered private placement of up to 10,675,000 units at $0.10 each. According to the company, proceeds up to $1,067,500 will be used for working capital, overhead, and exploration.

How do the warrants in the NRVTF offering work and when do they expire?

Each unit includes one warrant exercisable at $0.15 per share for 36 months from issuance. According to the company, warrants give holders the right to buy additional common shares during that three-year period.

Will the Noram financing (NRVTF) create new control persons or change control?

The company confirmed the offering will not create any new control persons. According to the company, securities issued are not expected to result in a change of control upon closing.

Are insiders participating in the Noram (NRVTF) private placement and is that allowed?

Certain insiders will participate, and the issuance is a related-party transaction under TSXV rules. According to the company, the transaction is expected to be exempt from formal valuation and minority shareholder approval.

What are the immediate shareholder impacts of Noram's (NRVTF) unit offering?

Immediate impact includes issuance of 10,675,000 new common shares, producing dilution to existing holders. According to the company, additional dilution could occur if warrants are exercised over the next 36 months.