Noram Ventures (TSXV: NRM) has applied for the required permits to conduct its fall drill campaign at its flagship Zeus lithium project, located in Nevada. The company currently plans to complete an additional twelve holes, of which it has applied to complete just over half.
The strategy to apply for only seven of the planned twelve holes that Noram intends to conduct this year, the company is able to keep the amount of “disturbed acreage” under five acres. This enables the project to remain at the Notice of Intent level of permitting, which is a shorter process to apply for than that of a Plan of Operations, which is much more time consuming.
Once the seven holes are being underway, the company has indicated that it intends to request permits for the remaining five holes. The currently outlined program is fully funded.
Concurrently, Noram Ventures also announced this morning that it has successfully moved its US listing from the OTC Pink Sheets to that of the OTCQB, the premier venture-level exchange in the US, where it will trade under the symbol “NRVTF”. The upgraded exchange provides further transparency for investors that focus on early stage US and Canadian firms, through enhanced annual certification filings, additional disclosures, and real time trading books.
Noram Ventures last traded at $0.18 on the TSX Venture.
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