Saturday, May 31, 2025

Latest

Noram Ventures Resumes Drilling At Zeus Following Receipt Of Expanded Permits

Drilling has resumed at Noram Ventures (TSXV: NRM) flagship Zeus lithium project located in the Clayton Valley of Nevada. The resumption follows the approval of expanded permitting by the Bureau of Land Management at the tail end of 2020.

The expanded permitting will enable the company to finish off the phase 5 drill program being conducted on the property. The revised permitting will enable the company to drill all twelve of the originally planned holes, with drilling now being approved to proceed to a depth of up to 500 feet, representing the deepest drilling to date on the property.

The current drill program has seen a total of three drill holes completed thus far, with rushed assays having already been received for two of the three holes, with results pointing to favourable clays at depths below 400 feet.

The company this morning also highlighted that its nearby neighbour Albermarle, whom currently operates the only production site of lithium within North America, intends to conduct a program that “commences exploration of clays for the commercial production of lithium as well as evaluate technology that could accelerate the viability of lithium production from clay resources in the region.” Given the close proximity to Zeus and the favourable results returned to date on the property, this news is a positive for Noram.

“The recent announcements by Tesla, Albemarle and Cypress have been well received by investors. The lithium industry continues to make headlines in spite of the uncertainly brought about by the pandemic. Analysts predict a better price environment ahead for lithium; indeed we are seeing the price for lithium carbonate (99.5% pure) rising in China over the past month. And the impending change in administration in the United States bodes well for the future of green energy in the USA and for Noram.”

Anita Algie, CFO and Director

Noram Ventures last traded at $0.64 on the TSX Venture.


FULL DISCLOSURE: Noram Ventures is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Noram Ventures on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Battery Day Bombs, But Don’t Count Tesla Out Just Yet

Tesla (NASDAQ: TSLA) is off -10% on a day that the broader markets continue an...

Wednesday, September 23, 2020, 07:38:38 PM

Chile Moves To Nationalize Its Lithium Industry As Metal Continues To Freefall

On Friday, Chile’s President Gabriel Boric announced plans to nationalize the South American country’s lithium...

Saturday, April 22, 2023, 09:00:00 AM

Sodium-Ion Batteries Could Begin Taking Electric Vehicle Market Share from Lithium-Ion Batteries

The price of lithium, probably the most important component in the current batteries of electric...

Wednesday, April 26, 2023, 06:21:00 AM

The Lithium Rush: Prices Soar As Electric Vehicle Demand Rises

Electric vehicle demand is pushing up the prices for lithium, the key battery ingredient. According...

Friday, September 23, 2022, 03:09:00 PM

Fastmarkets Proposes US and Canada Lithium Price Assessments Post-IRA

The cross-commodity price reporting agency Fastmarkets, has announced a proposal to adjust its lithium price...

Tuesday, February 13, 2024, 03:01:00 PM