Advancing lithium properties in North and South America Corporate Presentation February 2019 www.noramventures.com 1 TSXV: NRM OTC: NRVTF Frankfurt: N7R
About Noram Ventures Inc. Noram Ventures Inc. is a Vancouver based junior exploration and development company focused on lithium properties. Noram’s flagship property is the Zeus lithium clay property in Clayton Valley, Nevada. The Company has established strategic relationships in Nevada and Argentina. 2 TSXV: NRM OTC: NRVTF Frankfurt: N7R
Location of Zeus Lithium Property, Clayton Valley, Nevada OPEN FOR EXPANSION NEW INFERRED RESOURCE ESTIMATE 225 km from Tesla Next door to Albermarle’s 145 MT @ 1145 ppm Li: Lithium Battery Gigafactory Silver Peak lithium brine producer, expanding with every drill program in production for >60 years
• New Inferred Resource, 2019-02-20: 145 million tonnes at 1145 ppm lithium • Previous Inferred Resource, 2017-07-27: 17 million tonnes at 1060 ppm lithium Increased resource 8.5x, at higher grade • Deposit open in three directions and at depth. Next steps: • Phase IV drilling to expand resources and further increase grade; • Technical studies on extraction methods • PEA in 2019-2020. 4
Lithium Market: Driven by Lithium Ion Batteries for Electric Vehicles (EV): 7 kg Li/EV 7 kg Li per vehicle
Tesla Lithium Ion Battery (LIB) Gigafactory, 30 km east of Reno, Nevada: 500,000 LIB/year in 2020 Ten major auto producers are building LIB Gigafactories
Projected number of Electric Vehicles built globally to 2030 2020 – 2030: ~10x increase in demand for LIB – EV Tesla in 2020 Bloomberg Business News 2017
Lithium Market Forecast -BMO Capital Markets, 2018-06 Rapidly expanding supply and demand, prices stable @ ~$10,000-$12,000/T after 2020 8
NEW RESOURCE ESTIMATE, FEBRUARY 2019 Inferred Resources, 2019-02 Cutoff Grade 900 ppm: Mineral 300 ppm 600 ppm Resource Estimate Tonnes (1000s) 330,670 251,526 145,168 Grade (ppm) 858 984 1145 Contained Li (kg) 283,796,297 247,569,218 166,238,452 Li 2 CO 3 equivalent (= Li * 1,510,648 1,317,811 884,887 5.323, in metric tonnes) Lithium carbonate (99.5% pure) price in 2019-01 on Chinese market = $US12,500 – $14,500/metric tonne - www.metalbulletin.com 2019-02-09. 9
Zeus property: Next door to Albermarle’s Silver Peak operations Phase III drilling area Phase I, II drilling area OPEN FOR EXPANSION 145 MT @ 1145 ppm Li
OPEN FOR EXPANSION Open at depth TO SOUTH AND OPEN EAST FOR EXPANSION TO WEST 11
Initial leaching tests on Zeus samples: >80% Li into solution at 80 o C, 2M H 2 SO 4
Processing options Acid leaching: >80% with moderate temperature and moderate sulfuric acid contents* *Cypress Dev’t PEA 2018 on adjacent property to south: successful processing flow sheet 32.7% IRR after tax and 8% discount rate Nanofiltration: Bench scale testing indicates successful extraction using ion resin beads; membrane filtration Solvent Extraction: Bench scale testing indicates successful extraction using organic solutions and membrane filtration Evaporation: Successful for brines 13
Comparable Companies - 1 14
Comparable Companies - 2 15
Comparable Companies - 3 16
Share Structure Current Share Price: ~$0.15 Shares Outstanding: 31.7 M Warrants Outstanding: 12.5 M Options Outstanding: 2.29 M Fully Diluted: 51.2 M 10:1 Consolidation completed February 2018 9.01% owned by Management Alba Minerals Ltd. owns 3.8 million shares 17 TSXV: NRM OTC: NRVTF Frankfurt: N7R
Management C. Tucker Barrie President and CEO: C. Tucker Barrie, Ph.D., P. Geo. Mr. Barrie has over 25 years’ experience as a global metallic minerals Economic Geologist, with expertise in copper-zinc volcanogenic massive sulfide deposits, porphyry copper-gold deposits, and magmatic sulfide nickel-copper – platinum group element deposits. Recently he has focused on lithium deposits including detailed studies of lithium brines and clays in North and South America. Anita Angie Chief Financial Officer: Anita 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 Metals Corp. (UTY-TSXV), First Cobalt Corp. (FCC-TSXV) and American Lithium Corp. (LI-TSXV). She has served on numerous boards over her career in the public markets. Arthur Brown Director: Art brings 36 years of business experience to Noram’s board. He has served on the boards of eight other companies in sectors ranging from technology to oil & gas and mineral exploration. Art understands all the aspects and requirements a public company has to operate successfully. This knowledge and experience has been translated into many successful financings for the various companies he has been involved with. Daniel F. Hachey Director : Dan brings a strong capital markets background to Noram, largely in the area of equity financing, both public and private. Mr. Hachey has held senior investment banking positions with a number of firms and has worked in Toronto, New York and Montreal. Mr. Hachey has also been active in the area of mergers and acquisitions and other advisory work. In addition, Mr. Hachey has held Board of Directors positions with both public (NASDAQ, AMEX, TSX and TSX-V) and private companies. Mr. Hachey Holds an MBA degree in Finance from McGill University. Glen MacDonald Director: Glen is a P. Geo. With the British Columbia Association of Professional Engineers and Geoscientists, as well as Alberta’s Professional Engineers Geologists and Geophysicists Association. He brings more than 45 years of experience exploring and evaluating mining properties for senior and junior Canadian resource companies. In addition, Mr. MacDonald spent seven years as a District Exploration Manager in the Yukon and Western North West Territories for Noranda Mines, designing and managing various exploration projects . Mark Ireton Director: Mark is a banker by profession with over 30 years of experience in all areas of commercial mid-market lending. He is versed in both public and private transactions, reorganizations, acquisitions—both management buyouts and leveraged buyouts—and divestitures in a variety of sectors that include wholesale distribution, manufacturing, aviation, transportation, construction, excavation, post production and oil service. Cyrus Driver Independent Director: A chartered accountant, Cyrus was founding partner in the firm of Driver Anderson since its inception in 1982 and a retired partner in the firm of Davidson and Company LLP. Whilst providing general public accounting services to a wide range of clients, he specializes in servicing TSX Venture listed companies and members of the brokerage community. His wide knowledge of the securities industry and its rules have enabled him to give valuable advice to clients with respect to finance, taxation and other accounting related matters. Cyrus currently serves as director and or chief financial officer of several TSX-V listed companies. 18 TSXV: NRM OTC: NRVTF Frankfurt: N7R
Summary Treasury: October 2018 PP closed at $1.2M, will open new financing for $3-4 million to complete PEA study and Phase IV drilling in 2019-2020 Strong management team with well qualified senior geologists Recent consolidation and current low market cap provide upside value for shareholders Current Inferred Resource: 145 MT @ 1145 ppm Li, potentially surface mineable, = 0.88 MT lithium carbonate equivalent Next Steps: Phase IV drilling, technical work on extraction, PEA in 2019- 2020 Noram has 100% ownership of Zeus Property 19 TSXV: NRM OTC: NRVTF Frankfurt: N7R
Contact Information Corporate Office Noram Ventures Inc. Suite 304 – 700 W. Pender Street Vancouver, BC V6C 1G8 C. Tucker Barrie, Ph.D., P. Geo. barriect@gmail.com tel: 1- 613-324-9917 Daniel F. Hachey, Director Email: dfhachey@gmail.com tel: 1-778-319-2261 Art Brown, Director Email: art.astoriusresources@gmail.com tel: 1-778-319-2261 20 TSXV: NRM OTC: NRVTF Frankfurt: N7R
References: Barrie, C. T., Peek, B., and Whittaker, P., 2018, Lithium clay deposits of the Zeus Property, Eastern Clayton Valley, Nevada: American Geophysical Union Annual Meeting, Washington, D.C., extended abstract 6 p. Lane, T., et al., 2018, Preliminary Economic Assessment Technical Report Clayton Valley Lithium Project, Esmeralda County, Nevada: for Cypress Development Corp., 152 p. Peek, B. C., and Spanjers, R. P., 2017, NI 43-101 Technical Report, Lithium inferred mineral resource estimate, Clayton Valley, Esmeralda County, Nevada, USA, for Noram Ventures Ltd., 67 p. 21
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