Noram Lithium Corp. Updates Economic Assessment for Zeus Project

Noram Lithium Corp. has announced updates to the Preliminary Economic Assessment (PEA) for its Zeus Critical Minerals Project in Nevada. The company, aiming to advance one of the largest lithium development projects in the U.S., has engaged Global Resource Engineers for the update. This milestone reflects the inclusion of additional critical minerals like cesium, rubidium, and potash, expanding the project's scope beyond lithium.

The update, due in late October, incorporates new technical, engineering, and metallurgical insights since 2021. Noram's approach avoids repetitive equity financing, focusing instead on project quality and capital strength amidst challenging market conditions. The study uses a lithium carbonate price of US$24,000 per tonne and optimizes pit parameters, enhancing project scalability.