Noram Lithium Corp【NRM】株式ニュース

Noram Fully Funded for 2026 and Engages GRE to Update PEA With Multiple High-Value Critical Mineral Byproduct CreditsFebruary 10, 2026 3:01 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Sandy MacDougall, Chairman of Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to report that the Company has contracted Global Resource Engineering ("GRE") to update the PEA for the Zeus Project.Noram will significantly advance the Zeus Project in Clayton Valley Nevada and has engaged GRE to (1) supervise the metallurgical testing on samples from Noram's Zeus deposit to determine the feasibility of recovering potentially economical byproducts Rubidium (Rb), Cesium (Cs), Molybdenum (Mo) and Potash (K), and (2) to update the Zeus Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") for the deposit, including these potential credits as an important part of the economic analysis.THE ZEUS DEPOSITIn May of 2024, SRK Consulting completed a Mineral Resource Estimate on the Zeus Project (43-101 Technical Report available on noramlithium.com and on sedarplus.ca). The estimate used data from 91 core holes spanning 7 drilling campaigns. Chairman Sandy MacDougall comments "due to the significantly greater drilling density and stringent standards the Company has employed in evaluating our Project, Noram boasts a much higher level of confidence in the Zeus deposit than peer lithium projects. As the only Company to examine and integrate the extraction of cesium, rubidium, molybdenum, and potash as valuable byproducts in our PEA, we are confident that our strategy will substantially increase the project's overall profitability while derisking the project by adding 4 other high-value and critical commodities as saleable products. Timing is everything, and with the recent announcement of ‘Project Vault', a $12B government-backed strategic critical minerals stockpile, Noram is in the perfect position to capitalize on this aggressive industrial and national security move made in the wake of rising demand."Figure 1 from the SRK report shows the high density of drill holes used in the MRE along with the indicated resource extents. Figure 1 - Drill hole density and indicated resource outlines.The SRK study reported a significant lithium clay deposit with a high-grade core and peripheral halo as stated in Table 1. The MRE was based on a lithium carbonate price of US$24,000 per tonne. Table 1 - MRE data from SRK Technical Report, May 2024.The deposit is a gently dipping deposit that crops out at surface and is amenable to open pit mining, as shown in Figure 2. Figure 2 - Plan view of estimation domains and example cross section.THE UPDATED MRE AND PEAGRE will supervise the metallurgical testing of representative Zeus samples from the core drilling and determine the economics for the recovery of the Rb, Cs and potash from the Zeus lithium clays.Rubidium and cesium are rare, strategically important elements mainly sourced as by-products from lithium and pollucite mining. They serve critical roles in advanced electronics, telecommunications, and medical technologies. Their scarcity and specialized demand maintain a high value. Potash is a widely used additive to crop fertilizers. Potash is most commonly sold for fertilizers as potassium chloride (KCl) or potassium sulfate (K2SO4).Assay DataThe data analyzed is from 7 phases of drilling spanning 7 years (2016-2023) and includes 91 core holes and 3,407 assayed intervals. Of these assays, 1,267 with greater than 1,000 ppm Lithium and over a minimum 15-foot thickness were selected as being the most likely to be mined due to their high grade and location. A summary of these assays is given in Table 1. Li(ppm)Cs(ppm)Rb(ppm)K(%)Maximum27301275006.88Minimum28081221.99Average1209552905.17Table 1 - Summary of potential byproduct assays.DiscussionAs described in the release dated August 18, 2025, prices for rubidium and cesium (>99.5%) are approximately $US 3,327/oz and $US 2,873/oz (Shanghai Metals Market prices, August 16, 2025, VAT included), respectively. Muriate of Potash (KCl) has a current price between US$358/tonne (World Bank Price Data) and US$489/tonne (USDA Agricultural Marketing Service). With the >1000 ppm Li claystone material containing average values of 290 ppm Rb, 55 ppm Cs and +5% K, these metals have the potential to significantly enhance the value of the Zeus deposit. They also have the potential to increase the tonnage of the deposit by combining the value of the byproducts with that of the lithium to determine revised cutoff grades for the deposit.For additional information:Contacts:
In Europe: VP Corporate Development simon.studer@noramlithium.com
Elsewhere: Investor Relations at ir@noramlithiumcorp.com
Website: www.noramlithiumcorp.comON BEHALF OF THE BOARD OF DIRECTORSSandy MacDougall
Chairman & Director
Website: www.noramlithiumcorp.comAbout 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.Qualified PersonThe technical information contained in this news release has been reviewed and approved by Brad Peek, M.Sc., CPG, who is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and Vice President of Exploration for Noram.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 InformationThis 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 NewswireOriginal: Noram Fully Funded for 2026 and Engages GRE to Update PEA With Multiple High-Value Critical Mineral Byproduct Credits

Noram Lithium Announces Significant Increase in Mineral Resources at The Zeus Lithium Deposit
Tuesday, January 31, 2023 2:00 AM
Noram Lithium Corp.
https://noramlithiumcorp.com/

Company Update

VANCOUVER, BC / ACCESSWIRE / January 31, 2023 / Noram Lithium Corp. (" Noram " or the " Company ") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights).

Highlights of the Updated Resource Estimate

An increase of 190% in Measured and Indicated ("M&I") lithium carbonate equivalent ("LCE") Resources from the August 2021 Mineral Resource Estimate.
M&I Resources increased to 5.17 million tonnes ("Mt") LCE (1,034 Mt at 941 parts per million lithium ("ppm Li")) at a 400 ppm Li cut-off grade.
Substantial Inferred Resources remain from the 2022 Phase VI drill program.
Inferred Resources are 1.09 Mt LCE (235 Mt at 871 ppm Li) at a 400 ppm Li cut-off grade.
Near Surface = Low Strip Ratio. The majority of the deposit occurs at or near the surface, resulting in relatively low mining costs. Results from the Preliminary Economic Study ("PEA") 1 indicate that the life of mine strip ratio would be ~0.07:1 (waste:ore).
High level of confidence in the deposit modelled given the density of the drill program with 82 holes drilled to-date. All holes were core holes for more precise sampling and stratigraphic correlations.
High grade core (60 meters thick x 1.2 kilometers wide x 3.0 kilometers long) represents an opportunity for optimizing the mine plan. At a 1,200 ppm Li cut-off the Measured and Indicated Resources total 1.2 Mt LCE (169 Mt at 1,326 ppm Li).

"The updated mineral resource estimate, with 82 drill holes completed to-date, highlights that Noram's Zeus Lithium Project is exceptionally well positioned in the United States amongst its peer deposits in terms of grade and contained Lithium Carbonate Equivalent," stated Greg McCunn, Noram's CEO. "The high-grade core of the deposit outcropping at surface provides a significant opportunity to optimize the project mine plan and enhance value. With a strong treasury and a strengthened technical team, we are expecting to move aggressively in 2023 to further de-risk the project with continued metallurgical testing and completion of a Prefeasibility Study."

The Zeus Lithium Project as shown below has a higher-grade core to the deposit which outcrops at surface. Mine plan optimization is currently underway looking at options for a smaller high-grade pit which could support a 15-20 year mine life.

Figure 1 - Resource Model Plan View; colours represent Li grades as indicated on the right.
Noram Lithium Corp., Tuesday, January 31, 2023, Press release picture

As shown in Figure 2 the Phase VI drilling provided the drill density to convert previously classed Inferred Resources into Measured and Indicated Resources. The remaining Inferred Resources shown have the potential to be converted into Measured and Indicated Resources with further drilling.

Figure 2 - Resource Classification Plan View; colours represent resource categories
Noram Lithium Corp., Tuesday, January 31, 2023, Press release picture

Figure 3 - Section A-A' Highlighting extensive continuity of high grade lithium sedimentary layers.
Noram Lithium Corp., Tuesday, January 31, 2023, Press release picture

The Company expects to file an NI 43-101 compliant technical report on SEDAR no later than March 17, 2023.

Mineral Resource Estimate Preparation

The Mineral Resource estimate has been prepared by Damir Cukor, P. Geo of ABH Engineering in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and are reported in accordance with the Canadian Securities Administrators NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that any mineral resource will be converted into mineral reserve.

QA/QC

To ensure reliable sample results, the Company has a rigorous QA/QC program that monitors the chain-of-custody of samples and includes the insertion of blanks and certified reference standards at statistically derived intervals within each batch of samples.

All samples were sent to ISO-17025 accredited ALS Laboratories in Reno, Nevada and North Vancouver, BC for analysis. ALS is a public company listed on the Australian stock exchange and is entirely independent of Noram. All samples were prepared using ALS' PREP-31 sample preparation process, which is presented in the ALS Fee Schedule as: "Crush to 70% less than 2mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns." Each sample was then analyzed using ALS' ME-MS61 analytical method which uses a Four Acid Digestion and MS-ICP technologies. All samples were analyzed for 48 elements. Samples were kept secure until shipped to the ALS lab in Reno, picked up by the ALS lab in Reno or shipped via FedEx to ALS in North Vancouver.

Qualified Persons

The technical information contained in this news release has been reviewed and approved by:

Damir Cukor, P. Geo., who is an Independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects , with ABH Engineering Inc., consultants to Noram Lithium.
Brad Peek, M.Sc., CPG, who is a Qualified Person with respect to Noram's Clayton Valley Lithium Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects , and also Vice President of Exploration for Noram Lithium.

Investor Relations Services

The Company's News Release dated November 30, 2022 and titled ‘Noram Highlights Milestones During 2022' stated that Noram had engaged Native Ads, Inc. an arms-length party, to provide investor relations services. The services commenced in December 2022 pursuant to a consulting agreement dated November 23, 2022, and the Company agreed to and paid upfront the fees totaling $90,000 USD for an initial service period of 6 months.

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.

The Zeus Lithium Project contains a current 43-101 measured and indicated resource estimate of 5.2 Mt LCE (1034 Mt at 941 ppm lithium), and an inferred resource of 1.1 Mt LCE (235 Mt at 871 ppm lithium) utilizing a 400 ppm Li cut-off.

In December 2021, a robust PEA 1 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.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Founder and Chairman
C: 778.999.2159

For additional information please contact:

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

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

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, the intended timing for filing of a technical report in respect of the Zeus Lithium Project, intended testing and project work to completed in 2023 and the potential to complete a prefeasibility study for the project. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of third-parties to complete the preparation work necessary for the filing of a technical report, access to the project and completion of the necessary testing and analysis work to prepare a prefeasibility study and receipt of any required regulatory or governmental approvals in connection with ongoing work on the project. 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.
Topic:
Company Update