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 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.1 |
| Fair Value | CAD $1.14 |
| Risk | 5 |
| 52 Week Range | CAD $0.09-0.38 |
| Shares O/S (M) | 89 |
| Market Cap. (M) | CAD $8 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 1.4 |
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Report Highlights
- 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
