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Noram Lithium Corp. (TSXV:NRM) – The God of Li(ghtning) Puts the Clay in Clayton Valley


We are initiating coverage on Noram Lithium Corp. (TSXV:NRM) with a BUY rating and C$2.60 target price, representing 306% lift from the current share price. Noram is advancing its 100%-owned Zeus Li-clay project in Clayton Valley, Nevada. In contrast to its regional peers, our view is that Noram has quietly flown under the radar amidst a heated Li market and that a re-rating is warranted. With one of the largest Li resources in the only Li mining district in the USA, and several key catalysts ahead, we believe it is only a matter of time before the market begins to recognize Noram’s compelling value proposition.

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Defiance Silver Corp.
Denarius Metals Corp.
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Empress Royalty Corp.
Energy Fuels Inc.
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Flying Nickel Mining Corp.
Foremost Lithium Resource & Technology Ltd.
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Galleon Gold Corp.
Giyani Metals Corp.
Global Atomic Corp.
Goldstorm Metals Corp
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GoviEx Uranium Inc.
GR Silver Mining Ltd.
Grid Metals Corp.
Grounded Lithium Corp.
Halcones Precious Metals Corp.
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Japan Gold Corp.
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Latin Resources Ltd.
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