Noram Lithium Corp. (V:NRM)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 555 Hastings St W Suite 2150 VANCOUVER BC V6B 4N6 |
| Tel: | N/A |
| Website: | https://noramlithiumcorp.com |
| IR: | See website |
| Key People | ||
| Cyrus H. Driver Interim Chairman of the Board | Gregory Mccunn Chief Executive Officer | Anita Algie Chief Financial Officer, Director | Brad Peek Vice President - Exploration |
| Business Overview |
| Noram Lithium Corp. is a Canada-based junior exploration and development company. The Company is focused on advancing its Zeus Lithium Project (Zeus) in Clayton Valley, Nevada. The Zeus consists of 146 placer claims and 136 lode claims. The Zeus property is approximately halfway between Las Vegas and Reno; and within two kilometers of Albemarle Corporation's lithium brine producing operations (Silver Peak Mine). The perimeter of the Zeus claims is located within 1-mile (1.6 kilometers) of Albemarle Corporation's (Albemarle's) lithium brine operations. The property is comprised of 1,133 hectares which is the equivalent of 2,800 acres. The Zeus project indicated resource estimate of 5.17 million tons (Mt) LCE (1,034 Mt at 941 ppm lithium), and Inferred Resources of 1.09 Mt LCE (235 Mt at 871 ppm lithium). |
| Financial Overview |
| For the nine months ended 31 October 2023, Noram Lithium Corp revenues was not reported. Net loss increased 83% to C$4.7M. Higher net loss reflects Acquisition and exploration segment loss increase of 97% to C$4.5M. Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.03 to -C$0.05. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.24M as of Oct 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Oct 31, 2023 |
| EBITDA (TTM): | -$7.22M as of Oct 31, 2023 |
| Net annual income (TTM): | -$11.91M as of Oct 31, 2023 |
| Free cash flow (TTM): | -$8.41M as of Oct 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 89,052,611 as of Mar 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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