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Noram Lithium Corp
Symbol NRM
Shares Issued 88,757,611
Close 2022-05-16 C$ 0.66
Recent Sedar Documents

ORIGINAL: Noram Lithium hires Mayer for consulting services

2022-05-16 18:22 ET - News Release

Received by email:

File: '\\office\emailin\20220516 151308 Attachment NRM - Mayer and Associates NR (05.16.22).docx'

 
 
Noram Lithium Corp.
Suite 2150 - 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
ir@noramlithiumcorp.com


NORAM LITHIUM ENGAGES MAYER AND ASSOCIATES

Vancouver, British Columbia - May 16, 2022 - Sandy MacDougall, CEO of Noram Lithium Corp. ("Noram" or the "Company") (
--->TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is pleased to report that it has engaged Mayer and Associates ("MASS") to a
--->ssist the Company with its strategic partnerships and relationships, as well as a financing strategy. This will includ
--->e the introduction of institutional investors, strategic analysts as well as reputable articles and interviews with re
--->putable entities. MASS is an arms-length consulting firm, based in New York, and specializing in operations and strate
--->gies of public and private companies.

MASS has been engaged for an initial term of twelve months. In consideration for the engagement, the Company will issu
--->e 50,000 common shares monthly (the "Consideration Shares").  Assuming MASS completes the entire term of the engagemen
--->t, they will receive a total of 600,000 Consideration Shares.

Completion of the issuance of the Consideration Shares remains subject to the approval of the TSX Venture Exchange. Al
--->l Consideration Shares issued to MASS will be subject to a four-month-and-one-day statutory hold period in accordance 
--->with applicable securities laws.

About Noram Lithium Corp. 

Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium dev
--->elopment stage company with less than 90 million shares issued. Noram is aggressively advancing its Zeus Lithium Proje
--->ct in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022. The Company's
---> flagship asset is the Zeus Lithium Project ("Zeus"), located in Clayton Valley, Nevada. The Zeus Project contains a c
--->urrent 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred
---> resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA
--->** indicated an After-Tax NPV(8) of US$1.299 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent 
--->(LCE).  Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Bil
--->lion and an IRR of 52% at US$14,250/tonne LCE.

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

ON BEHALF OF THE BOARD OF DIRECTORS 

Sandy MacDougall 
CEO and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

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. This news release may conta
--->in 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 completion of the engagement of MASS and the 
--->approval of the TSX Venture Exchange. Factors that could cause actual results to differ materially from such forward-l
--->ooking information include, but are not limited to, regulatory approval processes. Although Noram believes that the as
--->sumptions used in preparing the forward-looking information in this news release are reasonable, including that all ne
--->cessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such informat
--->ion, 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-l
--->ooking information, whether as a result of new information, future events or otherwise, other than as required by appl
--->icable securities laws. *Updated Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Ne
--->vada, USA (August 2021) **Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).



PDF Document

File: Attachment NRM - Mayer and Associates NR (05.16.22).pdf

                                                                                                                      
--->             Noram Lithium Corp.
                                                                                                              Suite 21
--->50   555 West Hastings Street

                                                                                                                      
--->         Vancouver BC V6B 4N6
                                                                                                                      
--->                   T: 604.553.2279

                                                                                                                      
--->       ir@noramlithiumcorp.com

         NORAM LITHIUM ENGAGES MAYER AND ASSOCIATES

Vancouver, British Columbia   May 16, 2022   Sandy MacDougall, CEO of Noram Lithium
Corp. ("Noram" or the "Company") (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is pleased
to report that it has engaged Mayer and Associates ("MASS") to assist the Company with its
strategic partnerships and relationships, as well as a financing strategy. This will include the
introduction of institutional investors, strategic analysts as well as reputable articles and interviews
with reputable entities. MASS is an arms-length consulting firm, based in New York, and
specializing in operations and strategies of public and private companies.

MASS has been engaged for an initial term of twelve months. In consideration for the engagement,
the Company will issue 50,000 common shares monthly (the "Consideration Shares").
Assuming MASS completes the entire term of the engagement, they will receive a total of 600,000
Consideration Shares.

Completion of the issuance of the Consideration Shares remains subject to the approval of the TSX
Venture Exchange. All Consideration Shares issued to MASS will be subject to a four-month-and-
one-day statutory hold period in accordance with applicable securities laws.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed
Canadian based advanced Lithium development stage company with less than 90 million shares
issued. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the
development-stage level through the completion of a Pre-Feasibility Study in 2022. The
Company's flagship asset is the Zeus Lithium Project ("Zeus"), located in Clayton Valley, Nevada.
The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363
million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes
grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA**
indicated an After-Tax NPV(8) of US$1.299 Billion and IRR of 31% using US$9,500/tonne
Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the
PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at
US$14,250/tonne LCE.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
CEO and Director
C: 778.999.2159
 For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

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. 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 opportuniti
--->es
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 completion of the engagement
of MASS and the approval of the TSX Venture Exchange. 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. *Updated Lithium Mineral Resource Estimate,
Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment
Zeus Project, ABH Engineering (December 2021).
 


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