Noram Lithium adds Mo to Zeus byproduct credit list

Executive Summary

• Noram Lithium Corp. has added molybdenum to the list of high-value byproduct credits for its Zeus Project, which will be incorporated into the upcoming Preliminary Economic Assessment (PEA).
• The Zeus project now hosts multiple U.S.-designated critical minerals, including lithium, molybdenum, cesium, rubidium, and potash potential.
• Preliminary internal modeling suggests these byproduct credits could materially reduce projected operating costs and improve the project's internal rate of return (IRR) and net present value (NPV).

Key Details

• Byproduct Addition: Molybdenum is added to the significant list of valuable byproduct credits for the Zeus Project PEA.
• Critical Mineral Portfolio: The project now includes lithium, molybdenum, cesium, rubidium, and potash potential, all designated as critical minerals by the U.S. government.
• Economic Impact: Byproduct revenue credits are expected to reduce projected lithium production costs, diversify revenue streams, and enhance the project's internal rate of return (IRR) and net present value (NPV).
• Strategic Positioning: The diversified mineral profile positions the Zeus Project for potential federal financing, permitting support, and strategic supply chain initiatives due to its status as a domestic source of multiple U.S.-designated critical minerals.
• Molybdenum Applications: Primarily used to strengthen steel and high-performance alloys, molybdenum enhances corrosion resistance and heat tolerance in defense, aerospace, energy infrastructure, LNG facilities, and advanced power generation.
• Supply Dynamics: Global molybdenum supply is structurally constrained, with a significant portion produced as a byproduct of copper mining, limiting rapid supply expansion.
• Next Steps: The company will evaluate the recoverability and economic contribution of molybdenum as part of continuing metallurgical and economic studies.

Notable Quotes

• "Preliminary internal modelling suggests that these byproduct credits could materially reduce projected operating costs," said executive chairman Sandy MacDougall. "Molybdenum is designated as a critical mineral by the U.S. government due to its importance in defence, infrastructure, aerospace and advanced manufacturing. As a domestic source of multiple U.S.-designated critical minerals, the project may also qualify for federal financing, permitting support and strategic supply chain initiatives. Ultimately, this diversified mineral profile significantly strengthens the long-term economic and strategic value of the Zeus project."