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Noram Ventures (TSX-V:NRM)- Tucker Barrie

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The CEO Mindset - C. Tucker Barrie, Ph.D., P. Geo. is the President and CEO of Noram Ventures Inc. (TSX-V:NRM)

C. Tucker Barrie, Ph.D., P. Geo. is the President and CEO of Noram Ventures Inc. (TSX-V:NRM), a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium deposit and becoming a low – cost supplier for the burgeoning lithium battery industry.

What’s your journey in becoming a CEO?
My background is as a research-oriented consulting geologist for the metallic minerals exploration and mining industry. Early in my career, I gained exposure to the industry through collaborative research projects on large copper-zinc deposits and districts around the world, with sponsorship from major mining companies and governments and universities. It was a successful endeavor, producing many articles on the genesis of mineral deposits, and providing a lot of interaction with senior mining executives and geologists that has served me well ever since.

More recently I have been an executive for companies in the junior mining sector, with projects in Madagascar, Haiti, Canada, Argentina and now in the USA.  The projects have been on the exploration and development of copper, zinc and gold deposits, and now on a large lithium claystone project in Nevada, one of the premier locations for developing a mine in the world.

Tell us a bit about your business and how you are commercializing?
Noram Ventures Inc. (www.noramventures.com) is developing a large lithium claystone deposit in Clayton Valley, Nevada, adjacent to North America’s only lithium producer, a brine operation at Silver Peak, owned and operated by Albermarle Corp.  At present we have a large lithium resource at 1100 ppm Li content, at surface with essentially no strip ratio, of ~1.2 million tonnes of lithium carbonate equivalent.  The current price for lithium carbonate (99.5% purity) is $7000/tonne, so it is clear to see this is a very valuable resource.  We aim to increase the grade and tonnage with another drill program and commence testing extraction techniques for a Preliminary Economic Assessment report in the coming 18 months.

How are you managing with the current COVID-19 pandemic on both business and personal front?
Our company headquarters in Vancouver is on a skeleton staff in the downtown office, and we are mostly working from home offices as we move the project forward.   The situation hasn’t affected our day to day operations very much as a lot of the work is arranging contracts over the phone or by email for field operations and for chemical engineering studies.

What’s the most exciting thing about running your business?
The global lithium supply and demand is an unbalanced market at the moment, and it is exciting to work within such a dynamic environment.  On the demand side, it is clear there will be a tenfold increase for lithium ion batteries for the electric vehicle (EV) market in the next twenty years as every major auto producer, led by Tesla, is ramping up EV production.  A third of all new vehicle purchases in the UK, for example are EV.  And lithium ion battery mega- and Gigafactories are operating at capacity and expanding.    But there are supply chain issues, and at times there isn’t transparency in supply-demand as China dominates EV and battery production at the moment.

On the supply side, in part because of lower lithium prices at the moment but also because of other factors, most all major expansion projects for lithium brines and pegmatites (hard rock lithium resources) are delayed.  Much of the global supply comes from Argentina and Chile, and there are strong government and social issues surrounding the use of precious groundwater there.  The two largest lithium pegmatite mines are either not producing (e.g., Whabouchi mine, Quebec – Nemaska) or have curtailed expansion (Greenbushes mine, Australia – Tianqui financial troubles). 

So given these supply and demand issues, we expect to see a rise in price for lithium soon, and we expect this will last for a long time as EV production continues to expand exponentially.

How do you measure success?
We want to follow through with defining a larger, higher grade resource with further drilling, and we aim to improve on the processing options that are currently being tested by other lithium claystone deposit owners in Nevada.  By doing these, we will increase shareholder value for Noram Ventures (TSX-V: NRM).

What do you think is the most important quality of being a CEO of a listed company?
Perseverance.  You have to believe in what you are doing, and stick to it in good times and in difficult times.

What is your favourite book?
Right now, I have Sapiens by Hariri, Forty Stories by Chekov and Uncle Dynamite by Wodehouse on my bedstand.

What message do you want to send to our readership in Asia?
Noram Ventures Inc. has a large, expanding and potentially mineable lithium deposit in Nevada, only a 4 hour drive away from Tesla’s Gigafactory in Sparks Nevada to the north.  We are undervalued in comparison to our peers.  We have the knowledge and capacity to develop this deposit into a major source of lithium carbonate for the lithium ion battery industry in North America.  The American government has declared lithium a strategic metal that should be given preferred treatment to encourage developing a vertically-integrated industry in the USA.  Nevada is often ranked as the global #1 jurisdiction for mine development.

At Noram, we are proud to be part of the Green Energy Revolution to lower carbon emissions by advancing this lithium deposit toward production, to produce a product that supplies the growing North American and global electric vehicle market.

How can people connect with you?
Email: barriect@gmail.com
Website: https://www.noramventures.com

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com

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Q&A With StockPal – Tao Commodities Ltd (ASX:TAO)

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Q&A with StockPal - Taso Arima, Managing Director of TAO Commodities (ASX:TAO)

Watch Taso Arima, Managing Director of TAO Commodities (ASX:TAO), explaining about the impact of COVID-19 on its business and various projects that they are working on.

0:11 – What is TAO Commodities all about?
1:41 – How did your company cope with the COVID-19 pandemic?
3:51 – What projects are you currently working on?
5:19 – What is your target timeline for production?
6:47 – What is TAO Commodities’ competitive advantage?
9:43 – How are you currently engaging with investors and what should they be looking forward to?

Visit TAO’s website: https://taocommodities.com.au/

Email editor@stockpal.asia if you are or represent a listed-company and is keen to be in our interviews.

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com

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Q&A With StockPal – Ardea Resources (ASX:ARL)

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Q&A with StockPal - Andrew Penkethman, Managing Director and CEO of Ardea Resources Limited (ASX:ARL)

Watch Andrew Penkethman, Managing Director and CEO of Ardea Resources Limited (ASX:ARL), as he explains about Ardea’s mining projects in the exciting nickel-cobalt space.

0:00 – Intro

0:14 – What is Ardea all about?

1:05 – How did your company cope with the COVID-19 pandemic?

2:06 – What projects are you currently working on?

3:32 – What is your target timeline for production?

4:39 – What is Ardea’s competitive advantage?

6:14 – How are you currently engaging with investors and what should they be looking forward to?

Visit Ardea’s website: https://ardearesources.com.au/

Email editor@stockpal.asia if you are or represent a listed-company and is keen to be in our interviews.

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com

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Several catalysts are on the horizon for Auroch Minerals

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Several catalysts are on the horizon for Auroch Minerals

Shares in Auroch Minerals Limited (ASX:AOU) have soared roughly 300% in the last six months, but there could be more upside to come.

Today, the company announced that it has commenced diamond drilling at its Leinster Nickel Project in Western Australia.

This nickel sulphide focused base-metal resource company, is building value through targeted high-impact exploration in Western Australia.

AOU has three nickel projects in Western Australia and all sit in the Norseman-Wiluna Greenstone Belt, home to some of the best nickel projects globally including Leinster, Mt Keith, Kambalda and Widgiemooltha.

All of AOU’s projects, including Leinster, Saints and Nepean are highly prospective for near surface, high grade nickel sulphide mineralisation.

High-grade nickel is a feature of the Leinster region and today’s results show that the second hole (HNDD002) has confirmed thick shallow high-grade nickel-copper-PGE sulphide mineralisation, with the logged massive sulphides interval reporting 7.3 metres at 2.2% nickel, 0.53% copper from 143 metres.

The first hole accepted 4.1 metres of high-grade nickel-copper sulphide mineralisation grading 2.4% nickel and 0.61% copper from 119 metres.

Both the quality of the grades and the near-surface nature of the mineralisation suggest that this could be a highly economical project.

The drill programme at Leinster consists of four diamond drill-holes and will be followed by reverse-circulation (RC) drilling to test strike potential and some of the more-advanced regional targets across the Leinster tenure.

The combined diamond and RC drill programmes will consist of approximately 1200 metres of diamond drilling and 1800 metres of RC drilling.

Drilling success at Leinster would be highly material given that BHP has expressed a desire to ramp up its nickel production to meet growing global demand fuelled by the shift to electric vehicles.

Mining giant BHP could boost production on commercially viable terms and has commenced trying to source contracts with Nickel Sulphide deposits to feed into its Nickel West refineries.

Nepean could be the game changer

AOU is also expecting the delivery of assay results from its maiden drilling program at the Nepean Nickel Project.

The Nepean Nickel Project contains the historic high-grade Nepean nickel sulphide mine and was the second producing nickel mine in Australia, producing just over 1.1 million tonnes of ore between 1970 and 1987.

The ore was treated by Western Mining Corporation (WMC, now BHP Group Ltd) at its Kambalda processing facilities.

The Nepean mine closed in 1987 due to low nickel prices, leaving significant nickel sulphide resources unmined.

At the end of 1986 when a fight or flight decision had to be made, the nickel price was hovering in the vicinity of US$1.60 per pound, about 80% below current levels.

Today, the nickel price is over US$7.00 per pound.

The Nepean nickel mine has a remnant high-grade JORC (2004)-compliant resource: 13,250t contained nickel @ 2.20% Ni. (It should be noted that the resource is JORC(2004) only (i.e. historic estimate) and not compliant with the JORC (2012) code required now.)

There is high potential at Nepean to build on the existing remnant resources with drill targets along strike and at depth.

Nepean is just 70km from BHP’s Kambalda Nickel Concentrator and Smelter and again the presence of nearby processing facilities operated by third parties, including BHP’s Kambalda smelter, is a substantial benefit for AOU as BHP looks for more nickel supply.

AOU has identified several high-priority areas at Nepean, and a 3,500 metre reverse-circulation (RC) drill programme has already yielded some extremely promising results including 3 metres at 3.7% nickel, including 2 metres at 5.1% nickel, as well as one metre at 5.6% nickel.

With plenty more drilling results to filter through in the coming weeks, there are plenty of catalysts investors can look forward to.

Looking beyond this drilling program, AOU expects to complete a resource estimate by year-end, enabling it to fast track Nepean to production.

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