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Noram Ventures Inc. (NRM.V) Is Advancing Its Lithium Mineral Properties Located In Nevada And Argentina And Establishing Itself As The Low-Cost Supplier For The Expanding Lithium Battery Business.

|Includes: Noram Ventures Inc. (NRVTF)
Summary

October 11, 2018 PP for $1,256,060 @ $0.10.5/unit ( for phase 3 drilling.

NI 43-101 compliant inferred resource of 17 million tonnes at a grade of 1060 ppm lithium, equates to 96,476 Lithium Carbonate Equivalent (LCE).

Up to 96% recovery of the lithium by way of leaching.

Noram’sproperty is adjacent to Cypress Development Lithium deposit which has a netpresent value of $1.45 billion at 8% discount rate and 32.7% internal rate ofreturn on after-tax cash flow.

Noram’s lithiumproperty is located within one mile (1.6 km) of Albemarle Corp.'s lithium brineoperations and adjacent to Cypress Development Lithium deposit which has a netpresent value of $1.45 billion at 8% discount rate and 32.7% internal rate ofreturn on after-tax cash flow.

Upcoming phase 3 drilling is designed to expand the existing resource with 11 holes to a depth of approximately 100 metres that extend the mineralization to the south and east of the current resource area.

According to analysts at Citigroup.

A car uses about 4,500 times the amount of lithium a cellphone uses.

Electric vehicles consumed 15,000 tons of lithium in 2015.

By 2025, the car industry will consume 136,000 tons or more.