Noram Lithium Corp. Contracts GRE for Critical Minerals Update

Noram Lithium Corp. has engaged Global Resource Engineering (GRE) to update the Preliminary Economic Assessment (PEA) for the Zeus Project in Clayton Valley, Nevada. The initiative aims to integrate high-value byproducts such as rubidium, cesium, molybdenum, and potash into the economic analysis, potentially boosting the project's profitability.

SRK Consulting had previously conducted a Mineral Resource Estimate (MRE) on the Zeus Project using data from 91 core holes. Noram's chairman, Sandy MacDougall, stated that their thorough evaluation strategy gives them greater confidence in the Zeus deposit than other lithium projects.

With GRE supervising metallurgical testing, the focus is on the economic viability of recovering significant quantities of these byproducts, with rubidium and cesium valued at over $3,000/oz, and potash used extensively in fertilizers.

The Zeus deposit, well-suited for open-pit mining, contains lithium, along with the selected byproducts, which could increase the resource's total value and enhance project viability. The ongoing updates align with governmental initiatives to develop critical minerals stockpiles.