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Noram Ventures shares up after encouraging lithium bench test results

Membrane technologies use large leach supernatant volumes at low pH and results in purified concentrated lithium streams

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Clayton Valley is in Nevada

Noram Ventures Inc (CVE:NRM) shares surged over 16% as it updated, with Alba Minerals Ltd, on the results of processing tests on Clayton Valley samples.

Membrane Development Specialists (MDS) and Au Tec Innovative Extraction Solutions (Au Tec) issued a report, which estimates total lithium recovery after first and second leaching is 96.25%.

Membrane technologies use large leach supernatant volumes at low pH and results in purified concentrated lithium streams for extraction using conventional technologies.

In addition, because Clayton Valley in Nevada has extremely inexpensive power at four cents per kilowatt, and power is around half of the operating cost for membrane plants, this translates into a low operating cost per tonne of lithium carbonate, Noram noted.

"Our focus is not only on finding and developing lithium and graphite deposits, but also on sourcing and supporting new, environmentally friendly processing techniques to produce our lithium and graphite products," said Noram's president Mark Ireton.

Noram shares gained 16.69% to C$0.070 each.

Quick facts: Noram Ventures

Price: 0.06 CAD

TSX-V:NRM
Market: TSX-V
Market Cap: $2.55 m
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Noram Ventures' Mark Ireton 'extremely pleased' with phase 1 drilling results

Mark Ireton, president and chief executive of Noram Ventures (CVE:NRM) talks through the last batch of drill core sample results from the 46-hole phase 1 drilling program on the Zeus portion of the Clayton Valley lithium project in Nevada. The Zeus claims are located within 1.25 miles of...

on 13/4/17

2 min read