Noram Lithium Corp · TSXV:NRM
Noram Lithium — Investor Presentation (April 2022)
24 slides from Noram Lithium's investor presentation, April 2022
Slide 1: Corporate Presentation April 2022
Preliminary Economic Assessment Preliminary Economic Assessment December 2021 December 2021 ü US$1.30 Billion NPV (8%)* ü US$2.67 Billion NPV (8%)* After-Tax After-Tax ü 31% IRR ü 52% IRR ü 40 Year Mine Life ü 40 Year Mine Life *Base Case: US$9,500/tonne LCE *Adjusted for Long Term Forecast: Modelle
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains "forward-looking information "with in the meaning of Canadian securities legislation. All information contained here in that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking informati
Slide 3: Corporate Overview & Investment Highlights
Corporate Overview & Investment Highlights • Advancing high-grade Zeus Lithium project in Nevada. • Strong Cash Position: ~>$17 million in treasury, no debt – funded through DFS stage. • Updated Lithium 43-101 Mineral Resource* - Announced Sep. 2021: o 1.8 MT lithium carbonate equivalent (LCE) Measu
Slide 4: Zeus Project Quick Facts and Recent Milestones
Zeus Project Quick Facts and Recent Milestones Quick Facts • Located in Clayton Valley, Nevada. • Next to extensive infrastructure including power and paved road access. • Strategically located adjacent to the only other U.S. Lithium producer – Albermarle Silver Peak. • 100% Owned (less 1% GOR) – 28
Slide 5: Management & Directors
Management & Directors Anita Algie - Chair & CFO Anita brings over 15 years of experience in management, listings, compliance, corporate structure and development as well as mergers and acquisitions for exploration and resource based public companies. She is the former President & CEO of Unity Metal
Slide 6: Management & Directors
Management & Directors Brad Peek – VP Exploration More than 40 years’ experience in project management, mineral exploration and in computer applications in the mineral exploration and mining. Mr. Peek has been instrumental in advancing Noram’s Zeus project since inception. Mr. Peek received a Bachel
Slide 7: Capital Structure
Capital Structure Capital Structure* October 8, 2021 to April 8, 2022 TSXV: NRM | OTCQB: NRVTF | FRA: N7R 0.8 $1.20 NRM Share Price $0.80 0.7 Market Capitalization $75 M $1.00 0.6 Cash & Cash Equivalents $17 M $0.80 0.5 Shares Issued 88.6 M In Millions 0.4 $0.60 Options 8.7 M 0.3 $0.40 Warrants 5.9
Slide 8: Corporate Timeline: 2016 to 2022
Corporate Timeline: 2016 to 2022 April 2016 February 2019 March 2021 • Makes initial property acquisitions in Clayton • Updates resource estimate based on 60 • Arranges non-brokered, strategic CDN$2.3M financing Valley, both North and South of Albemarle’s drillholes. • Capital to fund complete drill
Slide 9: Zeus Property – Strategic US Location
Zeus Property – Strategic US Location ZEUS Tesla Lithium Ion Battery (LIB) Gigafactory, Adjacent to only Lithium Producer in United States: Location of the Zeus claim outline and 30 km east of Reno, Nevada: Albemarle's Silver Peak Operation drilling collars. 500,000 LIB/year in 2020 Lithium brine pr
Slide 10: Zeus Lithium Claystone Deposit - New Resource Estimate
Zeus Lithium Claystone Deposit - New Resource Estimate* Measured & Indicated Resources: Large Increase in Tonnage in 2021 • 363 MT at 927 ppm lithium Million Li Grade Li Cutoff LCE LCE • 1.8 MT lithium carbonate equivalent (LCE) a 60% increase Tonnes (MT) (ppm) (ppm) (MT) % Increase Feb-20 213 976 3
Slide 11: Zeus Plan View Grades vs Cutoff at 400ppm
Zeus Plan View Grades vs Cutoff at 400ppm Plan view of lithium grades Plan view of the resource classifications at the 400 ppm Li cutoff TSXV: NRM | OTCQB: NRVTF | FRA: N7R 11
Slide 12: Zeus Robust Preliminary Economic Assessment
Zeus Robust Preliminary Economic Assessment* US$14,250/tonne 40 Year Modelled LCE Price NPV Mine Life US $2.67 Billion 17,000 TPD After – Tax @ 8% Discount 3.23 Years Operating Rate Payback Period US $3,355/tonne US$528 Million Operating Cost IRR CAPEX 52% US$12.14 Billion After – Tax 31,900 tonnes
Slide 13: Projects Economics – NRM vs CYP @ US$9,500/t LCE
Projects Economics – NRM vs CYP @ US$9,500/t LCE Noram Lithuim Corp. Cypress Development Corp. (TSXV: NRM) – “PEA” (TSXV: CYP) – “PFS” NPV (8%) $1.3 Billion $1.03 Billion IRR 31% 25.8% Base Case Lithium Carbonate US$ 9,500 US$ 9,500 Payback Period 3.23 Years 4.4 Years Operating Rate 17,000 TPD 15,00
Slide 14: Project Design Assumptions – NRM vs CYP
Project Design Assumptions – NRM vs CYP Noram Lithuim Corp. Cypress Development Corp. (TSXV: NRM) – “PEA” (TSXV: CYP) – “PFS” Operating rate of 17,000 tpd Operating rate of 15,000 tpd • 6.2 million tpy mill feed • 5.5 million tpy mill feed @ @ 1093 ppm Li 1100 ppm Li • 40-year mine life • 40-year mi
Slide 15: PEA Metrics: NRM vs Peers (using Base Case Model)
PEA Metrics: NRM vs Peers (using Base Case Model) Noram Cypress Bacanora Frontier European Ioneer Piedmont Lithium Galan Lithium Development Lithium Lithium Metals Ltd Lithium Americas Lithium Clayton Rhyolite Hombre Zeus Sonora PAK Cinovec Carolina Thacker Pass Valley Ridge Muerto LiCO3 LiCO3 LiCO3
Slide 16: PEA Metrics: NRM vs OPEX Cost Curve
PEA Metrics: NRM vs OPEX Cost Curve LCE Cost Curve 2025 Noram Note*: PEA OPEX US$3,355/t *Preliminary Economic Assessment Zeus Project, December 2021 ABH Engineering) As of November 30, 2021 TSXV: NRM | OTCQB: NRVTF | FRA: N7R 16
Slide 17: M&I Resource vs. Global Lithium Deposits
Strong Value Proposition 16,000 M&I Resource (KT LCE) vs. Global Lithium Deposits 14,000 13,700 M&I Resource (KT LCE) 12,000 11,000 10,000 Noram Note Based on Existing M & I 1.78 MT LCE 8,800 8,837 Resources; 3.89 MT currently in Inferred 8,000 for potential upgrade in 2022 6,000 6,000 5,370 4,350 4
Slide 18: Market Capitalization vs. Global Lithium Developers
As of December 3, 2021 Market Capitalization (US$M) Source: Company public filings 500 0 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 22 Bearing 55 Noram 86 European Lithium European Metals 133 Cypress Development 177 Strong Value Proposition Critical Elements 224 Frontier Lithium 314 Bacanora Li
Slide 19: Corporate Key Facts and 2022 Catalysts
Corporate Key Facts and 2022 Catalysts Corporate Key Facts • 100%-control of its flagship high-grade Zeus Lithium project in Nevada. • Experienced management in engineering, geology, and capital markets. • Management and insiders control close 12% of shares issued. • Solid share structure provides r
Slide 20: US Lithium – Critical Mineral as per US Government
US Lithium – Critical Mineral as per US Government • United States Government designated Lithium as a “Critical Mineral” of strategic importance in December 2017. • Executive Order 13817 – A federal Strategy to Ensure, Secure and Reliable Supplies of Critical Minerals. • “Critical Mineral” designati
Slide 21: Lithium Market: Supply and Demand
Lithium Market: Supply and Demand Lithium Demand for Lithium-ion Batteries (tonnes) Lithium Supply Forecast (tonnes LCE) Over 900% increase Forecasted driven by electric vehicle supply adoption deficit Source: Web and public peer presentations. TSXV: NRM | OTCQB: NRVTF | FRA: N7R 21
Slide 22: Market Opportunity
Market Opportunity Rapid EV adoption and the move toward green energy is driving lithium demand Lithium Needed Per Vehicle Global Passenger Sales Tesla S • 3.1 million EVS were sold in 2020, 4.7% of new passenger cars. • EV sales will continue to rise, reaching 48% of passenger car sales by 2030. 18
Slide 23: US Lithium Market – Future Demand Outpacing Supply
US Lithium Market – Future Demand Outpacing Supply US Department of Energy National Blueprint for Lithium Batteries 2021 – 20301 • Secure access to raw materials for lithium batteries. • Establish a program to increase domestic processing and production of critical battery materials. • Demand from U
Slide 24: Contact
Contact Suite 2150 – 555 West Hastings Street Vancouver, BC V6B 4N6 Canada www.noramlithiumcorp.com Peter A. Ball President & COO peter@aristoncapitalcorp.com 778.344.4653 TSXV: NRM | OTCQB: NRVTF | FRA: N7R 24