Noram Provides up Date
Noram Lithium Corp.
Suite 2150 – 555 West Hastings Street
Vancouver BC V6B 4N6
NORAM PROVIDES UP DATE
V ancouver, B ritish Columbia – July 25, 2024 – Noram L ithium Corp. (“Nora m” or the “ Company”) (T SXV: NRM |
OTC QB: NRVTF | Frankfurt: N7R ) is pleased to prov ide an update on its 100% owned Z eus L ithium Project (“Ze u s” or the
“Project ”), located in Clay ton V alley , Nevada.
“Noram is extremely proud of its progress to date. B y defining the high-grade pit on the Z eus Property , we are now more
confident than ever that no commercial production will be done in the valley without Z eus being at the centre of it” stated
Sandy M acD ougall, D irector. “W e are currently in some of the worst markets we hav e seen, but as with all cy cles, this
will change. Despite the challenging conditions, the last couple months saw a number of strategic deals being done in
the space and we ex pect to see m ore in the forthcoming months. T he whole industry is ripe for consolidation. Noram
has an ex tremely v aluable asset that is well positioned in a still growing lithium market.”
A ccording to A llan Pedersen, principal analyst for lithium with W ood M ackenzie, “the metallurgy of extracting lithium
from clay (sediments) is more complex and less proven than from brine or hard rock sources,” Pedersen said in an
interv iew. “D espite their complex ity and high capex , these projects are crucial for ensuring a stable, secure supply of
lithium, reducing dependency on foreign sources, and supporting the broader goals of national security and economic
growth.” “T he United States will consume about a million tonnes of lithium carbonate equivalent by early nex t decade,”
I oneer managing director B ernard R owe said in an interv iew. “E nsuring a secure and stable domestic supply is not just
about bringing more lithium into the market; it’s about national security and maintaining a competitiv e edge in the global
E V market.” See the full article here https://www.mining.com/us -lithium-clay-projects-secure -backing-despite -
ex traction-hurdles/
*Z eus NI 43-101 Technical Report, M ineral Resource Estimation effective date Ma y 1 5, 2024
https://www.sedarplus.ca/csa -party/records/document.html?id=9b92c6686873461e104e61247051714694795f5629dcf33a1e36cbb54c366e58
W ill A dams, head of base metals research at Fastmarkets, warned of the sector's precarious state in his presentation at
the conference. “T he lithium market is in a difficult space — low prices are putting the brakes on development, when in
reality there is no time to waste,” he said. I n the long term, demand for lithium carbonate equiv alent is set to increase to
2.5 million tonnes by 2030, a substantial difference from the 292,000 tonnes of demand recorded in 2020.
https://www.nasdaq.com/articles/lithium -market-update -q2-2024-rev iew
*Z eus NI 43-101 Technical Report M ineral R esource E stimation effectiv e date M ay 15, 2024.
https://www.sedarplus.ca/csa -party/records/document.html?id=9b92c6686873461e104e61247051714694795f5629dcf33a1e36cbb54c366e58
R ecently , Noram engaged Fundamental R esearch Corp. to prov ide an updated report on Noram. T his report and
cov erage is available here: https://www.researchfrc.com/stocks/NR M .V /noram-lithium-corp
T he Company also announces the resignation of Greg M cCunn from the position of CEO and Director.
For additional information:
Contacts:
In Europe: V P Corporate Development simon.studer@ noramlithium.com
E lsewhere: I nv estor R elations at ir@ noramlithiumcorp.com
W ebsite: www.noramlithiumcorp.com
ON BEHALF OF THE BOARD OF DIRECTORS
Sandy M acDougall
Dire c tor
A bout Noram L ithium Corp.
Noram L ithium Corp. (T SX V : NRM | OTC QB: NRVTF | Frankfurt: N7R) is focusing on advancing its 100%-owned Z eus
L ithium Project located in Clayton V alley, Nevada an emerging lithium hub within the United States. W ith the upsurge in
the electric v ehicle and energy storage markets the Company aims to become a key participant in the domestic supply
of lithium in the United States. T he Company is committed to creating shareholder value through the strategic allocation
of capital.
Qualified Person
T he technical information contained in this news release has been rev iewed and approved by B rad Peek, M .Sc., CPG ,
who is a Qualified Person as defined by National Instrument 43-101 Standards of D isclosure for M ineral Projects, and
V ice President of Exploration for Noram.
N either the T SX V enture E x change nor its R egulation Serv ices Prov ider (as that term is defined in the policies
of the T SX V enture E x change) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement R egarding F orward L ooking I nformation
T his new s release may contain forw ard-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 opportunit ies to dif fer materi ally 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 Z eus L ithium Project. Factors that could cause actual results to differ materi ally f rom such forw ard-
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. A lthough 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 dis closed 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.