Noram Completes Water Source Study on its Lithium Brine/Clay Project in Nevada´s Clayton Valley
NORAM COMPLETES WATER SOURCE STUDY ON ITS LITHIUM BRINE/CLAY PROJECT IN NEVADAS CLAYTON VALLEY
Noram is currently bench testing a new low-water-use nanofiltration process to extract lithium carbonate directly from the claystones
Vancouver, British Columbia -- August 31, 2016 Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) ("Noram" or the "Company") is pleased to announce the completion of an intial water resources study on its lithium brine/clay project in Nevadas Clayton Valley (see Figure 1).
The Study identified various water sources and delivery methods for use during exploration through to full project development scenarios. The Study includes a breakdown of the existing ownership of water rights and available volumes in the area, their cost for lease or acquisition, and the cost for infrastructure and delivery of the actual water to the project area.
As previously announced August 2, 2016, Noram is currently working with Membrane Development Specialists LLC (MDS) to substantiate the recovery yield of lithium carbonate directly from the lithium-rich claystones found on Norams South Block claims. The initial bench testing of MDSs multiple membrane separation process includes dissolving the lithium clays in leach solution and separating the lithium carbonate from the claystones using less water than other extraction processes. Additionally, the process recovers the water and reagents utilized to liberate the Li for reuse. The MDS process is expected to reduce the environmental impact and carbon footprint as compared with conventional extraction methods. It is Norams intention to significantly mitigate political and environmental impact to the fresh water aquifer in the Clayton Valley, which every extraction process it decided upon.
This Study is an integral part of the Companys ongoing predevelopment scoping process and may be updated as additional information becomes available.
Mark Ireton, President of Noram, said, This water study will be instrumental in providing a path forward to secure water rights for exploration and development at our Clayton Valley lithium brine/clay project. The study also provides important information that will be included in our initial National Instrument (NI) 43-101 technical and preliminary economic assessment reports.
Michael Collins, P.Geo., and independent Qualified Person as defined in NI 43-101, has reviewed and approved the technical content of this news release on behalf of the Company.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) is a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits and becoming a low-cost supplier for the burgeoning lithium battery industry. The Companys primary business focus since formation has been the exploration of mineral projects that include the lithium projects in Clayton Valley in Nevada and the Jumbo graphite property in southeastern British Columbia. Norams long term strategy is to build a multi-national lithium-graphite dominant industrial minerals company to produce and sell lithium and graphite into the markets of Europe, North America and Asia. Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Mark R. Ireton
President & Director
Noram Ventures Inc.
12835 Gilden Road, Madeira Park, BC Canada V0N 2H1
Tel.: 604.290.5696 | Website: www.noramventures.com | email: firstname.lastname@example.org
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Companys actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company''s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management''s estimates or opinions change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Firma: Noram Ventures Inc.
Ansprechpartner: Stadt: Wien
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