| Dear Fellow Investor,
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| If you’re looking for gains in this turbulent metals and mining market, you’ll want to take a close look at the lithium sector.
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| Simply put, lithium has powerful momentum behind it, thanks to global efforts to combat climate change by electrifying the world’s fleet of vehicles.
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| With the Inflation Reduction Act, the infrastructure bill, and a host of executive orders, the Biden administration is all in on the transition from the internal combustion engine to EVs.
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| The automakers are responding, with many promising to phase out gas-powered vehicles by 2035.
In this environment, the demand for lithium is set to rocket higher.
Analysts predict lithium will grow by a 15.7% compound annual rate between 2022 and 2030, and industry giant Albemarle is forecasting lithium demand to grow to 3.7 million metric tons by 2030.
Lithium prices have already ridden this trend to all-time highs in 2021 and 2022. And while the price has come down in 2023, it remains at levels where lithium miners can make a lot of money.
And one company — Noram Lithium (OTC: NRVTF; TSXV: NRM) — is well-positioned to benefit from the ongoing bull market in this sector.
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| A Project Near The Only Active
Lithium Mine In The United States
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| Noram’s Zeus project in Nevada’s Clayton Valley sits immediately adjacent to the Silver Peak project.
Owned and operated by Albemarle, Silver Peak is the only active lithium mine in the United States.
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| Zeus itself is estimated to contain the fourth largest lithium deposit in North America, with 5.17 million metric tons of measured and indicated lithium carbonate equivalent (“LCE”) and 1.09 million metric tons of inferred LCE.
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| Better still, this lithium clay deposit lies right at the surface, which means the mining portion of the venture should be an inexpensive scoop and shovel operation.
Then there’s Zeus’ location near Tonopah, Nevada, which puts it near to a major U.S. highway, rail service, power lines, and a well-trained workforce.
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| Zeus:
An Advanced-Stage Lithium Project
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| Plus, Zeus isn’t some early-stage project with just a few holes punched in it. Since Noram Lithium acquired Zeus in 2015, it has conducted six drill programs and established a deposit 1.5 miles wide by three miles long...and over 300 feet thick.
Noram is now well into the engineering phase for Zeus and plans to have a prefeasibility study out on the project by early next year.
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| In the interim, the company has already generated a preliminary economic assessment for Zeus that shows it generating an after-tax net present value (NPV), discounted at 8%, of $2.76 billion.
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| With a current market cap of only around $28 million, that projection suggests Noram Lithium’s upside is many times its current valuation as it moves Zeus toward production.
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| Money Is Pouring Into Nevada Lithium Stories
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| GM just agreed to invest $650 million in Lithium Americas’ Thacker Pass project in northwest Nevada, and the Department of Energy has agreed to loan up to $700 million to Ioneer to advance that company’s Rhyolite Ridge project in Nevada.
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| As Noram advances Zeus along the development curve, similar investments become a real possibility, as does the prospect of an outright buyout of the company.
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| One obvious suitor for Zeus is Albemarle. The major has its Silver Peak project right across the way and could well decide it needs to add Zeus and its 100-year mine life to its U.S. asset profile.
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| Cashed Up And Ready To Go
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| Noram is cashed up to advance Zeus to the prefeasibility stage. Its projected processing costs of $3,500/metric ton mean that Zeus could make good money with LCE trading at $10,000/metric ton (LCE is currently trading at $25,000/metric ton).
Given all the subsidies the Biden administration is throwing at the EV industry and how intent it is on a U.S. (or at least U.S-friendly) lithium battery supply chain, Noram Lithium and its Nevada-based lithium deposit are an investment opportunity that deserves attention right now.
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| CLICK HERE
To Learn More about Bryan Perry and Noram Lithium Corp.
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