Welcome to our dedicated page for Noram Lithium news (Ticker: NRVTF), a resource for investors and traders seeking the latest updates and insights on Noram Lithium stock.
Noram Lithium Corp. reports news centered on the Zeus Lithium Project in Clayton Valley, Nevada, including mineral resource estimates, drilling-related geological work, mine plan optimization, metallurgical testing, process development, and preliminary economic assessment updates. Company announcements also describe evaluation of potential byproduct credits from rubidium, cesium, molybdenum, and potash alongside the project's lithium focus.
Noram's corporate news also covers development-stage financing activity, including non-brokered private placements of common shares and warrants, as well as board changes, incentive-plan grants, and other governance matters tied to the company's public-company structure.
Noram Ventures Inc. (TSXV:NRM, OTCQB:NRVTF) announced success in its Phase V drilling program at the Zeus property. Core hole CVZ-68 yielded remarkable assay results, featuring 398 feet of lithium mineralization at an average grade of 1018 ppm Li. Notably, a section of 250 feet averaged 1151 ppm Li. The findings will contribute to an updated NI 43-101 compliant resource calculation expected soon. Noram aims to develop lithium deposits, with a current resource estimate of 124 million tonnes at 1136 ppm lithium.
Noram Ventures Inc. announced assay results from its CVZ-67 drill hole, reaching a depth of 502 feet (153 m) in the Zeus Lithium Project located in Clayton Valley, Nevada. The hole exhibited promising lithium grades, with an average of 1000 ppm Li across a significant 220-foot (67.1 m) interval. Notably, the drill hole ended with a lithium grade of 1220 ppm Li, indicating an upward trend in lithium concentration with depth. These findings are expected to positively influence future resource calculations.
Noram Ventures Inc. has announced it is preparing an updated NI 43-101 compliant technical report that will include recent assay results and an expanded resource estimate for its Zeus Lithium Project in Nevada. This report aims to facilitate a Preliminary Economic Assessment by year-end. The project currently has 124 million tonnes of indicated lithium resources at 1136 ppm and 77 million tonnes of inferred resources at 1045 ppm. Additionally, CEO Tucker Barrie has stepped down at the Board's request.
Summary not available.
Noram Ventures Inc. (OTCQB: NRVTF) announces progress on its Phase 5 drill program, completing 8 of 12 planned holes at a depth of 500 ft. High-grade lithium claystone was encountered, indicating positive results for the upcoming resource estimate. The average lithium grade from recent drillings is 1116 ppm over a thickness of 71.1m. The company expects to add approximately 4 km² to its resources, fueled by rising global lithium prices and anticipated demand for lithium-ion batteries. An updated resource estimate and a Preliminary Economic Assessment is planned for 2021.
Noram Ventures Inc. has successfully completed drilling core hole CVZ-66 at a depth of 462 feet, significantly expanding its lithium resource at the Zeus Property in Clayton Valley. The drilling revealed an interval thickness of 220 feet with mineralization still present at depths of 500 feet. The company reports some of the deepest and thickest high-grade lithium intersections in the area, with consistent lithium grades across various claystone types. Current estimates show 124 million tonnes at 1136 ppm lithium as Indicated Resource and 77 million tonnes at 1045 ppm as Inferred Resource.
Noram Ventures Inc. announced the successful completion of core hole CVZ-64 at 422 feet depth, revealing mineralization from the surface. A significant interval of 250 feet was intersected, highlighting strong lithium presence. The company, focused on developing lithium deposits at its Zeus Lithium Project in Clayton Valley, Nevada, reports current Indicated Resources of 124 million tonnes at 1136 ppm lithium and Inferred Resources of 77 million tonnes at 1045 ppm lithium. Noram aims to establish itself as a low-cost lithium supplier in global markets.
Noram Ventures Inc. announced the completion of drill hole CVZ-67 at a depth of 502 ft (153 m), marking a key milestone as the deepest hole drilled to date revealing mineralization below 400 ft. The drill results showed approximately 281 ft (85.6 m) of favorable claystones, with significant lithium potential confirmed at depths. Drilling ended in blue claystone, previously noted for its lithium content. Samples have been sent for assays, with results anticipated to enhance resource modeling.
Noram Ventures Inc. has successfully mobilized its drill to the northernmost site, CVZ-63, reaching a depth of approximately 288ft. Mineralization was found from the surface to 92ft, with several clay types identified below. The company is awaiting final approval to expand drilling to 12 holes. Despite a significant decline in lithium prices since 2018, demand is expected to outstrip supply by 2025, fueled by growth in electric vehicle sales. Noram's drilling program has reportedly led to thick intersections of lithium-rich claystone, potentially increasing resource estimates significantly.
Noram Ventures Inc. has announced the completion of drill hole CVZ-62 at a depth of 477ft (145m), achieving a significant 380ft (116m) intersection of lithium claystone—marking the longest drill intersection to date. This data surpasses previous drilling results and will significantly impact future resource calculations. Geologists believe the mineral deposit is a blanket-like layer up to 300ft (100m) thick. The company aims to establish itself as a low-cost lithium supplier across North America, Europe, and Asia.