Noram Lithium Corp. (TSXV:NRM) – An Introduction to Noram Lithium Corp.

Welcome to our new Prospective Picks series, where we shine a spotlight on select companies in our coverage/watchlist universe. In our inaugural Prospective Picks report, we discuss Noram Lithium Corp. (TSXV:NRM, Not Rated). Noram is a junior lithium developer focused on advancing its ~5.7 Mt LCE (M&I+I), 100%-owned, Zeus Li-clay project in Clayton Valley, Nevada. While we have not formally valued the company, we note that Noram appears heavily discounted from its NPV8% (per the 2021 PEA) and against its peers. We believe Noram has quietly flown under the radar amidst a heated Li market, and that it is only a matter of time before others start to take notice.