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Noram Lithium Corp. (NRVTF) is a leading player in the lithium industry, primarily focused on advancing its 100%-owned Zeus Lithium Project in Clayton Valley, Nevada. The company's recent achievements include the completion of a Phase VII drilling program, which further validated the geological thesis for the Zeus deposit. With extensive high-grade mineralization and plans for mine engineering, Noram aims to contribute significantly to the domestic supply of lithium in the United States.
Noram Lithium announced an updated Mineral Resource Estimate (MRE) for its Zeus Lithium Project in Clayton Valley, Nevada. The updated MRE includes 564 million tonnes of Indicated Resources grading 956 ppm lithium and 287 million tonnes of Inferred Resources grading 861 ppm lithium. The high-grade core zone within the deposit includes 166 million tonnes grading 1,121 ppm lithium. The Phase VII drilling program, completed in January 2024, and improved geological models have bolstered the quality and quantity of data. Noram expects the high-grade core to support engineering studies, potentially producing 23,000 tonnes of high-purity lithium carbonate annually. The MRE was prepared by Big Rock Exploration and reviewed by SRK Consulting in line with CIM guidelines.
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