Noram Reviews Global Lithium Supply and Demand as Context for Developing the Zeus Lithium Claystone Deposit

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[{"type":"text","content":"Noram Reviews Global Lithium Supply and Demand as Context for Developing the Zeus Lithium Claystone DepositVANCOUVER, BC / ACCESSWIRE / July 23, 2020 / Ahead of Noram Ventures Inc. (\"Noram\") (TSXV:NRM)(Frankfurt:N7R)(OTC PINK:NRVTF) drill campaign and engineering/economic studies in Q3/Q4 2020, management would like to summarize the current environment for global lithium supply and demand. Noram's Zeus lithium claystone deposit has, at a 900 ppm lithium cut-off, 124 million tonnes at 1136 ppm lithium as indicated resources, and 77 million tonnes lithium at 1045 ppm lithium as inferred resources (0.75 and 0.43 million tonnes lithium carbonate equivalent - \"LCE\" , respectively; see Noram press release February 5, 2020, and Peek and Barrie, 2019: NI43-101 report on Zeus lithium claystone deposit: www.noramventures.com/projects/clayton-valley/technical-report/). The deposit is at surface and to a depth of 60-100 meters in unlithified claystone material. There are over two square kilometers of fertile ground yet to be drill-tested on the Zeus property.Figure 1. Location of six major lithium claystone deposits in the western USA and northern Mexico including Noram Ventures' Zeus lithium claystone deposit in Clayton Valley Nevada. The Silver Peak lithium brine operations are shown as a red star in the inset map. The Tesla Gigafactory next to Sparks, Nevada is shown as the red box in the main map.Lithium Supply - Global lithium resources are present in brine, pegmatite and claystone deposits. In 2019, there were only twelve lithium operations of significance globally. The USGS reports that \"six mineral operations in Australia, two brine operations each in Argentina and Chile, and one brine and one mineral operation in China accounted for the majority of world lihiuim production (Table 1). Owing to overproduction and decreased prices, several established lithium operations postponed capacity expansion plans. Junior mining operations in Australia, Canada, and Namibia ceased production altogether.\" /1/In North America, the sole lithium producer is Albemarle's Silver Peak brine operations, which have been in production for over 60 years (~3500 tonnes lithium carbonate equivalent (LCE) produced in 2019: table 1). Silver Peak is surrounded by a number of lithium claystone deposits that are poised for expansion and development, including...

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