Noram Lithium Corp.
A Deep Value Play in the U.S. Lithium Sector-Valuation Report
Published: 1/22/2025
Author: FRC Analysts

Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
NRVTF - NASDAQ 🔹
NRM.V - NEO 🔹
- Anticipating a rebound in lithium juniors, this report underscores the valuation gap, and highlights what the market is overlooking in NRM, a lithium junior with a highly promising project in Nevada.
- Lithium prices have dropped 22% YoY to US$10,300/tonne, down from a record high of US$78,000/tonne in 2022. This decline is attributed to a persistent supply surplus, and slower growth in global electric vehicle (EV) sales.
- Global EV sales grew by 25% in 2024, a slowdown from 35% in 2023. While the rollback of EV targets by the Trump administration may temper U.S. sales growth, consensus forecasts project