on Noram Lithium Corp. (NASDAQ:NRVTF)
Noram Lithium Corp. Expands Critical Minerals in Zeus Project
Noram Lithium Corp. has announced the inclusion of molybdenum as a valuable byproduct in its Zeus Project's forthcoming Preliminary Economic Assessment (PEA). Molybdenum joins an array of critical minerals, such as lithium, cesium, rubidium, and potash, enhancing the project's potential. According to Noram's Executive Chairman, Sandy MacDougall, these minerals can significantly lower operating costs and may qualify for federal support.
Molybdenum's key roles in defense, aerospace, and infrastructure industries underline its strategic importance. As a by-product of copper mining, its global supply is limited, ensuring prolonged industrial relevance. The economic viability of these by-products could reduce lithium production costs and diversify revenue streams, strengthening the Zeus Project's strategic positioning, especially under evolving U.S. critical mineral policies.
R. H.
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