Noram Lithium Strengthens Technical Team

Rhea-AI Summary

Noram Lithium Corp. has bolstered its technical expertise by appointing Marcus Tomlinson as a Metallurgical Consultant and Dr. Vahid Sohrabi as a Hydrogeological Consultant. This strategic move aims to enhance the Zeus Lithium Project in Nevada, focusing on metallurgy and sustainable water supply. Tomlinson brings over 30 years of experience from companies like Goldcorp and Barrick Gold, while Sohrabi has extensive background in environmental services. The company's recent PEA indicated an After-Tax NPV of US$2.67 Billion at US$14,250/tonne Lithium Carbonate Equivalent, highlighting its potential in the growing lithium market.

Positive

• Appointment of Marcus Tomlinson enhances metallurgical expertise.
• Dr. Vahid Sohrabi's hydrogeological skills will support sustainable water supply.
• Recent PEA indicates After-Tax NPV of US$2.67 Billion at US$14,250/tonne LCE.
• Company is well-funded for advancing the Zeus Lithium Project.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / January 26, 2023 / Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces it has further strengthened its technical team with the appointment of Marcus Tomlinson as a Metallurgical Consultant. The Company has also formally contracted Dr. Vahid Sohrabi as a Hydrogeological Consultant.

"Advancing the Zeus Lithium Project requires a dedicated focus on the metallurgy, flowsheet and development of a sustainable water supply," stated Greg McCunn, Chief Executive Officer of Noram. "Marcus has a strong hydrometallurgical background and extensive experience in process design and will be key to leading the ongoing metallurgical work and development of a final process design. Vahid will be instrumental to helping us determine the right option for a consistent, efficient supply of water to the project. I look forward to working with Marcus and Vahid to continue to advance and de-risk the project."

Dr. Marcus Tomlinson

Dr. Tomlinson has over 30 years of experience in metallurgical process development, engineering, and operations support. He has worked as a part of the corporate technical services groups for Goldcorp, Barrick Gold, and Newmont as well as for EPCMs such as Ausenco, AMEC and Fluor, supporting minerals and metals projects across the globe. His Ph.D. was earned at the University of Leeds.

Upon Newmont's acquisition of Goldcorp, Dr. Tomlinson served as Director, Modelling for the Newmont Global Projects team (2020 to 2021); during this period, he supported the expansion project at the world-renowned Pueblo Viejo Mine, amongst other large-scale initiatives. At Goldcorp (2012-2019), he served as Director Metallurgy & Research developing a patented process for concentrate enrichment using alkaline sulphide leaching and supported many projects across the company's portfolio from a pyrite leach project to improvements in leach efficiency and reducing effluent toxicity.

He founded Turnstone Metallurgical Services in April 2021 and has subsequently worked with several clients across many sectors, including gold, rare earths, manganese, lithium, and nickel.

Dr. Vahid Sohrabi

Dr. Sohrabi is a Senior Hydrogeologist/Geochemist at Ecoventure and has more than 19 years of experience in the field of environmental services in Canada and internationally. He earned his Ph.D. with a major in hydrogeology/geochemistry from the University of Waterloo, Ontario, Canada.

Dr. Sohrabi has been involved in numerous mining/oil and gas/environmental projects including different resource projects in the O&G and Mining industries. His hydro-geochemical knowledge and environmental management expertise have been instrumental in a wide array of resource projects in different stages of their lifecycle, including the design of feasibility studies of mines and mineral processing units.

More recently Dr. Sohrabi has been involved in several lithium projects and played a major role in the feasibility study of lithium brine projects in the Middle East by contributing to the field program testing design, the onsite trial management, the result evaluations and the decision-making for ongoing activities of such deposits, in addition to the final mine development planning.

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. The Company is committed to creating shareholder value through the strategic allocation of capital and is well-funded to advance through to the Definitive Feasibility Study.

In December 2021, a robust PEA¹ indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). The PEA indicates an After-Tax NPV (8%) of approximately US$2.67 Billion and an IRR of 52% at US$14,250/tonne LCE. Note that the current daily prices have increased to over US$70,000/tonne LCE.

* Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Founder and Executive Chairman
C: 778.999.2159

For additional information please contact:

Greg McCunn
Chief Executive Officer
greg@noramlithiumcorp.com
C: 778.991.3798

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, developing a sustainable water supply and final process design. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. 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.

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.

SOURCE: Noram Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/736831/Noram-Lithium-Strengthens-Technical-Team

FAQ

What are the recent appointments at Noram Lithium (NRVTF)?

Noram Lithium appointed Marcus Tomlinson as a Metallurgical Consultant and Dr. Vahid Sohrabi as a Hydrogeological Consultant.

What does the PEA indicate for Noram Lithium's Zeus Lithium Project?

The PEA indicates an After-Tax NPV of US$2.67 Billion at US$14,250/tonne Lithium Carbonate Equivalent.

How will the new consultants impact the Zeus Lithium Project?

The new consultants will focus on metallurgy and developing a sustainable water supply which are crucial for project advancement.

What experience does Marcus Tomlinson bring to Noram Lithium (NRVTF)?

Marcus Tomlinson has over 30 years of experience in metallurgical process development with firms like Goldcorp and Barrick Gold.

What is the significance of the Zeus Lithium Project for Noram Lithium?

The Zeus Lithium Project positions Noram as a key player in the domestic lithium supply market, particularly as demand from the electric vehicle sector rises.