Vancouver, B.C. based Noram Ventures holds two lithium assets, including the flagship Zeus lithium clay project in Clayton Valley, Nevada, and the Arizaro East property in the Lithium Triangle in Argentina. Tesla (Nasdaq: TSLA) announced that they are planning to build a cathode factory in North America, and acquired rights to a 10,000-acre undisclosed lithium clay deposit in Nevada. We believe Tesla’s affinity to clay deposits in Nevada is very positive for all advanced stage deposits, including Noram, CYP and LI, as they are now prime targets of Tesla and other EV / battery manufacturers. Noram is preparing a resource expansion drill program, followed by a PEA in 2021.
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