Mr. Sandy MacDougall reports

NORAM ADDS ADDITIONAL CRITICAL MINERAL TO LIST OF HIGH-VALUE BYPRODUCT CREDITS IN ZEUS PROJECT UPGRADED PEA

Noram Lithium Corp. has added molybdenum to the significant list of valuable byproduct credits that will be incorporated into the coming preliminary economic assessment (PEA). The Zeus project now hosts multiple U.S.-designated critical minerals, including lithium, molybdenum, cesium, rubidium and potash potential.

"Preliminary internal modelling suggests that these byproduct credits could materially reduce projected operating costs," said executive chairman Sandy MacDougall. "Molybdenum is designated as a critical mineral by the U.S. government due to its importance in defence, infrastructure, aerospace and advanced manufacturing. As a domestic source of multiple U.S.-designated critical minerals, the project may also qualify for federal financing, permitting support and strategic supply chain initiatives. Ultimately, this diversified mineral profile significantly strengthens the long-term economic and strategic value of the Zeus project."

Primarily used to strengthen steel and high-performance alloys, molybdenum enhances corrosion resistance and heat tolerance in:

• Defence and aerospace components;
• Energy infrastructure and pipelines;
• LNG (liquefied natural gas) facilities;
• Industrial manufacturing systems;
• Advanced power generation.

Global molybdenum supply is structurally constrained, with a significant portion produced as a byproduct of copper mining. This dynamic can limit rapid supply expansion and supports long-term industrial relevance. The company will evaluate the recoverability and economic contribution of molybdenum as part of continuing metallurgical and economic studies.

The potential recovery of these additional byproducts may:

• Reduce projected lithium production costs through byproduct revenue credits;
• Diversify revenue streams across energy transition and industrial markets;
• Improve projected internal rate of return (IRR) and net present value (NPV) in future economic studies;
• Enhance project financing flexibility;
• Increase strategic relevance under evolving U.S. critical mineral policy initiatives.

As a domestic source of multiple designated critical minerals, the Zeus project would be well positioned for consideration under federal programs supporting supply chain resilience, permitting efficiency and critical mineral development.

About Noram Lithium Corp.

Noram Lithium is focusing on advancing its 100-per-cent-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.

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