Unlocking Clarity: How AI Legalese Decoder Simplifies Noram Lithium’s Fully Allocated Non-Brokered Financing Announcement
- February 5, 2026
- Posted by: legaleseblogger
- Category: Related News
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Press Release: Noram Lithium Corp. Announces Successful Closure of Private Placement Financing
VANCOUVER, BC / ACCESS Newswire / February 5, 2026
Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is thrilled to announce the successful closure of its previously announced non-brokered private placement financing (referred to as the "Offering"). This initiative has generated impressive gross proceeds totaling $1,067,500 through the issuance of 10,675,000 units, known as "Units."
Details of the Offering
Each Unit consists of one common share in the Company’s capital stock and one associated common share purchase warrant. Each warrant provides the holder with the right to acquire one additional common share at a price of $0.15 per share. This purchase option is valid for a substantial period of 36 months, commencing from the date of issuance.
Utilization of Proceeds
The net proceeds raised from the Offering will be strategically allocated to support various initiatives including general working capital, corporate overhead, and vital exploration and development activities. This financial injection is crucial in enhancing the Company’s operational capabilities and driving its growth trajectory.
Insider Participation
Notably, certain insiders of the Company engaged in the Offering, collectively contributing $175,000, which entitles them to receive an aggregate of 1,750,000 Units. This engagement represents a related party transaction as per TSX Venture Exchange ("TSXV") Policy 5.9 and is compliant with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company anticipates that the director participation will be exempt from the formal valuation and minority shareholder approval requirements outlined in MI 61-101.
Finder’s Fees and Warrant Issuance
In line with the Offering, the Company disbursed aggregate cash finder’s fees amounting to $35,550 and issued 355,550 finder’s warrants. Each finder’s warrant grants the holder the option to purchase one common share at a price of $0.15 per share, valid for a duration of 36 months from its issuance date.
Conclusion and Next Steps
It is important to note that no new control persons have emerged as a consequence of this Offering. However, the Offering remains subject to final approval from the TSX Venture Exchange.
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Contact Information for Additional Queries
For further information, please reach out to:
In Europe: VP Corporate Development, Simon Studer at [email protected]
Elsewhere: Investor Relations at [email protected]
Website: www.noramlithiumcorp.com
Corporate Governance
ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Director
About Noram Lithium Corp.
Noram Lithium Corp. (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is dedicated to advancing its wholly-owned Zeus Lithium Project, located in Clayton Valley, Nevada, an emerging lithium hub within the United States. Given the burgeoning demand in the electric vehicle and energy storage markets, the Company is positioning itself as a vital participant in the domestic supply chain of lithium in the United States. With a steadfast commitment to creating shareholder value through strategic capital allocation, Noram continues to pave the way for sustainable growth in the sector.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release may include forward-looking statements that go beyond mere historical facts. Such information involves risks, uncertainties, and other variables that could lead to actual outcomes differing materially from those anticipated. Forward-looking statements may involve discussions regarding the ongoing development of the Zeus Lithium Project, potential regulatory approvals, exploration results, and capital availability. While Noram believes the assumptions underlying these statements are reasonable, undue reliance should not be placed on this information and no assurances can be given regarding the timely occurrence of such events. The Company disclaims any obligation to update these statements unless required by applicable securities laws.
SOURCE: Noram Lithium Corp.
View the original press release on ACCESS Newswire.
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