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. 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.
Noram Ventures Inc. (OTCQB: NRVTF) has resumed its drilling operations on the Zeus Project following the US Thanksgiving holiday, utilizing two drills and crews. The company is currently focused on completing 12 drill holes this month, with two already in progress. Notably, CVZ-61 revealed one of the longest lithium claystone intervals, prompting expedited sample processing. Noram's CFO, Anita Algie, emphasized the company's commitment to minimizing shareholder dilution while advancing lithium extraction in Clayton Valley. The firm is optimistic about its future performance and market position.
Noram Ventures Inc. has contracted Arethuse Geology to assist in completing an upgraded resource estimate and pit design for their lithium claystone deposit. Arethuse, known for its technical excellence, has a core team of experienced geoscientists. Noram's CEO, Tucker Barrie, emphasized the importance of accurate resource estimation for future economic assessments. The company aims to elevate its lithium deposit into Measured and Indicated resource categories, with a long-term strategy to develop low-cost lithium supplies for markets in Europe, North America, and Asia.
Noram Ventures Inc. has received the necessary permits for Phase V drilling at the Zeus Lithium Project in Clayton Valley, Nevada. This follows a successful Phase IV drill program that revealed a total of 201 million tonnes at 1101 ppm lithium. The drilling team is mobilized, planning to operate 24/7 to expand existing resources and explore new areas. A new resource estimate is expected by the end of Q1 2021, leveraging data from this drilling phase.
Noram Ventures Inc. has successfully upgraded its U.S. listing from OTC Pink Sheets to OTCQB, effective September 17, 2020, under the symbol NRVTF. This transition enhances investor confidence with improved verification processes and transparent trading for development-stage companies. Furthermore, Noram has filed for permits to conduct a Fall drill campaign at the Zeus project, planning 12 additional drill holes, with full funding already secured for this program. The company is focused on developing lithium deposits aimed at supplying markets in Europe, North America, and Asia.