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Company ProfileNoram Lithium Corp.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
NRM.V
Noram Lithium Corp. Stock AnalysisComprehensive stock analysis for Noram Lithium Corp. (NRM.V) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisNRM.V
NRM.V
Noram Lithium Corp.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
NRM.V
Home🔹Stocks🔹Noram Lithium Corp.

Noram Lithium Corp.

FRC Coverage
🇨🇦NRM.V•TSXV

Noram Lithium Corp.

FRC Coverage
🇨🇦NRM.V•TSXV
Sentiment

Your view on NRM.V

Sentiment
Your view
Company Overview

Overview

What the company does, where it operates, and who runs it.

*Noram Lithium Corp. has paid FRC a fee for research coverage and distribution of reports.

About Noram Lithium Corp.

Industry
Industrial Materials
Sector
Basic Materials
CEO
Sandy J. MacDougall
Headquarters
555 West Hastings Street, Vancouver, BC, CA
Industry
Industrial Materials
Sector
Basic Materials
CEO
Sandy J. MacDougall
Headquarters
555 West Hastings Street, Vancouver, BC, CA
Description

Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project that covers an area of approximately 1,113 hectares located in Clayton Valley, Nevada.

FRC Research
Buy
Fair Value Estimate
CAD$1.14

A Deep Value Play in the U.S. Lithium Sector-Valuation Report

Report · Jan 22, 2025

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FRC Research
Buy
Fair Value Estimate
CAD$1.14

A Deep Value Play in the U.S. Lithium Sector-Valuation Report

Report · Jan 22, 2025

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Noram Lithium Corp., and the rating behind it. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Noram Lithium Corp.. Starting points for Noram Lithium Corp.: EPS -C$0.0091, beta -0.77 — an Industrial Materials name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Noram Lithium Corp.. Noram Lithium Corp. does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Noram Lithium Corp.. Trailing twelve-month EPS for Noram Lithium Corp. stands at -C$0.0091. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Noram Lithium Corp.. Noram Lithium Corp. has reported as a listed company since 2012. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Noram Lithium Corp. valued side by side against its closest peers. Noram Lithium Corp. is measured against Industrial Materials peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold Noram Lithium Corp., and how their positions are changing. At a C$11.6M market value, institutional positions materially move Noram Lithium Corp.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by Noram Lithium Corp. executives and directors. Shares of Noram Lithium Corp. have traded between C$0.08 and C$0.17 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Noram Lithium Corp.. Noram Lithium Corp. is a C$11.6M Basic Materials company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Noram Lithium Corp.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Noram Lithium Corp.. Coverage tracks Noram Lithium Corp. within Industrial Materials (Basic Materials). Press releases and market coverage, newest first.

Discussion

Comments

Comments and replies from FRC members about this company.

Peer companies

  • ANOR.VAnorTech Inc.
  • CPS.VCanadian Premium Sand Inc.
  • ELEF.TOSilver Elephant Mining Corp.
  • ILI.VImagine Lithium Inc.
  • MERG.VMetal Energy Corp.
  • PNRG.CNPan American Energy Corp.
  • PSE.CNPasinex Resources Limited
  • SME.VSama Resources Inc.

More Industrial Materials companies

  • USC.AXUS1 Critical Minerals Limited
  • USCMFUS Critical Metals Corp.
  • USGOU.S. GoldMining Inc.
  • USLI.CNAmerican Salars Lithium Inc.
  • UURAFUcore Rare Metals Inc.
  • UX.CNPuranium Energy Ltd.
  • VALEVale S.A.
  • VANTFVantex Resources Ltd.
  • VCG.VVisionary Copper and Gold Mines Inc.
  • VCGMFVisionary Copper & Gold Mines I
  • VDOMFVal-d'Or Mining Corporation
  • VDTAFVendetta Mining Corp.

Research Reports

2 reports

*Noram Lithium Corp. has paid FRC a fee for research coverage and distribution of reports.

Jan 22, 2025

A Deep Value Play in the U.S. Lithium Sector-Valuation Report

Anticipating a rebound in lithium juniors, this report underscores the valuation gap, and highlights what the market is overlooking in NRM.

Thumbnail for A Deep Value Play in the U.S. Lithium Sector-Valuation Report
Jul 2, 2024

High-Grade Resources Boost Confidence

Noram has completed an updated resource estimate on its Zeus lithium project in Nevada.

Thumbnail for High-Grade Resources Boost Confidence
6 reports
Jun 14, 2023

Robust Resource Estimate Enhances Economic Prospects

PDF
Dec 15, 2021

M&A Probability Has Increased for This Lithium Junior

PDF
Sep 24, 2021

Updated Resource Significantly Higher Than Expected / PEA Coming Soon

PDF
Jan 15, 2021

Albermale’s Announcement Increases Likelihood of M&A

PDF
Sep 23, 2020

Tesla Brings Focus to the Area; Operating in an Area Ripe for Consolidation – Initiating Coverage

PDF
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*Noram Lithium Corp. has paid FRC a fee for research coverage and distribution of reports.

Aug 24, 2026·1 month agoLatest
Company Announcement

PEA Update Could Unlock Significant Value (All figures in US$)

FRC Analyst's Comment

NRM has hired an engineering firm to update the 2021 Preliminary Economic Assessment (PEA) on its Zeus lithium project in Nevada, incorporating recent technical data, and evaluating potential revenue from cesium, rubidium, and potash alongside lithium. The updated model will use the current lithium spot price of $24,000/t. The previous PEA estimated an after-tax NPV8% of $1.3B, based on a highly conservative lithium price of $9,500/t.

We believe transitioning Zeus into a multi-mineral asset could lower OPEX, increase NPV and IRR, and reduce sensitivity to lithium price fluctuations. With NRM’s current MCAP at just $8M, we believe the shares are trading at a substantial discount to the intrinsic value of Zeus, making NRM one of the most undervalued lithium stocks.

Mar 2, 2026·6 months ago
Company Announcement

Zeus lithium project in Nevada shows potential for critical minerals

FRC Analyst's Comment

Preliminary modeling indicates the project could potentially host recoverable critical minerals, including molybdenum, cesium, rubidium, and potash. This represents a major milestone, as the project has previously been evaluated only for its lithium potential. These additional by-products could significantly improve project economics, and make the project a stronger candidate for federal grants, project financing, and permitting priority. Management plans to incorporate these by-products into an updated independent economic study (PEA).

A 2021 PEA estimated the project’s after-tax NPV8% at US$1.3B, assuming highly conservative lithium prices of US$9,500/tonne (current spot: US$25,060/tonne). However, NRM is currently trading at only 0.8% of this estimated project value, a substantial gap.

Feb 9, 2026·7 months ago
Company Announcement

Raised $1.07M through an equity financing

FRC Analyst's Comment

Proceeds will fund exploration and development activities at its flagship Zeus lithium project in Clayton Valley, Nevada. Noram’s project, with enough lithium to support over 40 years of production, is situated next to Albemarle’s (NYSE: ALB) Silver Peak mine, the U.S.’s only operating lithium mine. Being close to an established operation can make the project attractive to larger companies seeking expansion opportunities or operational efficiencies. A 2021 independent study (PEA) estimated the project’s after-tax NPV8% at US$1.3B, assuming highly conservative lithium prices of US$9,500/tonne (current spot: US$19,600/tonne). However, NRM is currently trading at only 0.8% of this estimated project value, a substantial gap.

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