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Noram Ventures (TSXV: NRM) has closed the aquisition of 201 mineral claims in Clayton Valley Nevada

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Noram Ventures (TSXV:NRM) has closed the acquisition of 201 mineral claims in Clayton Valley, Nevada, a region well documented for lithium bearing brines and significantly rich beds. The two non-contiguous claim groups, comprising approximately 4,000 acres, are located in the Clayton Valley in the same geological formation as Albemarle’s (NYSE:ALB) and Lithium X’s (TSXV:LIX) operations.

Additional Information:

Company: Noram Ventures
Website: http://www.noramventures.com
Stock Symbol: TSXV: NRM
Transcript: Available

Video Transcript:

I’m Tia Borden for InvestmentPitch Media

Noram Ventures (TSXV:NRM) has closed the acquisition of 201 mineral claims in Clayton Valley, Nevada, a region well documented for lithium bearing brines and significantly rich beds. The two non-contiguous claim groups, comprising approximately 4,000 acres, are located in the Clayton Valley in the same geological formation as Albemarle’s (NYSE:ALB) and Lithium X’s (TSXV:LIX) operations.

Albemarle acquired Rockwood, the world’s largest lithium producer in 2015, for US$5.7 billion in cash and stock, which included ownership of Rockwood’s Silver Peak Lithium Brine Operation.

The Albermale/Rockwood operation, which has been producing Lithium Carbonate and Lithium Hydroxide products since 1967, is located only 2 kilometres from Noram’s Li Group claims.

Just south of Albermale’s Silver Peak operation lies Pure Energy (TSXV:PE) with a NI. 43-101 Inferred Resource of 816,000 tonnes of Lithium Carbonate.

And to the north is Tesla’s Gigafactory.

A non-renewable resource, lithium used in conjunction with renewable energy technologies and hybrid automobiles, primarily in the form of lithium-ion batteries, currently the most widely applied battery technology in many electronic devices.

Tesla, with a planned production rate of 500,000 cars per year in the latter half of this decade, is expected to alone use today’s entire worldwide production of lithium ion batteries.

Mark Ireton, President, stated: “We are pleased to have concluded this acquisition which is a significant step toward Noram’s goal of becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits.”

Noram’s long term strategy is to build a multi-national lithium-graphite dominant industrial minerals company, to produce and sell lithium and graphite into the markets of Europe, North America and Asia.

The shares are trading at $0.04 and with 43.3 million shares outstanding, the company is capitalized at $1.7 million.

For more information please visit the company’s website www.noramventures.com, or contact Mark Ireton, President, at 604-761-9994.

I’m Tia Borden for InvestmentPitch Media