Noram Lithium Corp (TSE:NRM)
:NRM
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Noram Lithium Corp
(NRM)
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Rating:47Neutral
Price Target:
C$0.14
▲(30.00% Upside)
Action:ReiteratedDate:01/13/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative free cash flow), partly offset by a low-debt balance sheet. Technical indicators are broadly neutral with limited momentum, while valuation signals remain constrained by negative earnings and no dividend yield support.
Positive Factors
Low leverage
A very low debt load reduces solvency risk and preserves flexibility to fund Zeus’s development via equity or joint ventures. Conservatism on the balance sheet lowers near-term default risk and supports multi-stage project advancement before commercial cash flows begin.
Negative Factors
Negative cash flow
Persistent negative operating and free cash flow means the company is not self-funding its activities. Continued cash burn forces recurring capital raises, which can delay project milestones and increase execution risk if market financing conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A very low debt load reduces solvency risk and preserves flexibility to fund Zeus’s development via equity or joint ventures. Conservatism on the balance sheet lowers near-term default risk and supports multi-stage project advancement before commercial cash flows begin.
Read all positive factors
Noram Lithium Corp (NRM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$13.87M
Dividend YieldN/A
Average Volume (3M)60.90K
Price to Earnings (P/E)―
Beta (1Y)-1.50
Revenue GrowthN/A
EPS Growth48.66%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding89,452,614
10 Day Avg. Volume109,218
30 Day Avg. Volume60,895
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)2.18
Price to Sales (P/S)0.00
P/FCF Ratio-3.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Noram Lithium Corp Business Overview & Revenue Model
Company Description
Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project that covers an area of approximately 1,113 hectares located in Clayton Valle...
How the Company Makes Money
Noram Lithium Corp makes money through the exploration and potential development of lithium resources. The company's revenue model is primarily based on the identification and enhancement of lithium properties, which are then either developed into...
Noram Lithium Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Apr 2024 | Apr 2022 | Apr 2021 | Apr 2019 | Jan 2018 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -53.61K | -56.77K | -56.21K | -55.81K | -56.97K | -264.00 |
| EBITDA | -2.25M | -3.09M | -5.17M | -4.93M | -450.34K | -3.60M |
| Net Income | -2.31M | -3.15M | -4.18M | -5.01M | -570.64K | -3.77M |
Balance Sheet | ||||||
| Total Assets | 5.77M | 6.30M | 14.24M | 5.04M | 3.20M | 1.21M |
| Cash, Cash Equivalents and Short-Term Investments | 3.53K | 577.36K | 12.22M | 1.62M | 10.87K | 152.36K |
| Total Debt | 116.65K | 151.05K | 110.90K | 50.60K | 104.47K | 0.00 |
| Total Liabilities | 1.19M | 511.87K | 694.47K | 341.03K | 294.61K | 62.71K |
| Stockholders Equity | 4.58M | 5.79M | 13.55M | 4.70M | 2.90M | 1.15M |
Cash Flow | ||||||
| Free Cash Flow | -769.73K | -2.19M | -5.99M | -1.31M | -300.88K | -1.10M |
| Operating Cash Flow | -743.98K | -2.19M | -3.97M | -1.07M | -298.83K | -924.43K |
| Investing Cash Flow | -32.72K | 1.83M | -11.17M | -990.16K | -241.71K | -178.20K |
| Financing Cash Flow | -43.06K | -24.83K | 16.61M | 2.92M | 299.71K | 1.14M |
Noram Lithium Corp Technical Analysis
Positive
0.11
Price Trends
0.14
Positive
0.13
Positive
0.12
Positive
Market Momentum
<0.01
Positive
55.72
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NRM, the sentiment is Positive. The current price of 0.11 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.14, and below the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.72 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NRM.
Noram Lithium Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$29.56M | -28.24 | -19.47% | ― | ― | ― | |
51 Neutral | C$6.81M | -721.47 | -1.36% | ― | ― | -136.00% | |
47 Neutral | C$13.87M | -7.12 | -41.21% | ― | ― | 48.66% | |
46 Neutral | C$10.16M | -2.29 | -65.04% | ― | ― | 40.18% | |
44 Neutral | C$5.82M | -3.77 | -121.94% | ― | ― | 55.15% | |
| ― | C$16.32M | -7.79 | -17.86% | ― | ― | 92.11% |
* Basic Materials Sector Average
TSE:NRM
Noram Lithium Corp
0.17
0.09
106.25%
TSE:ILI
Imagine Lithium Inc
0.02
0.00
0.00%
TSE:MUR
Murchison Minerals
0.27
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-32.33%
TSE:SRA
Stria Lithium
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365.62%
TSE:GRG
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0.06
<0.01
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TSE:AWCM
Ameriwest Lithium
0.60
0.45
300.00%
Noram Lithium Corp Corporate Events
Business Operations and Strategy
Noram Lithium Advances Zeus PEA With New Critical Mineral Byproduct Strategy
Positive
Feb 10, 2026
Noram Lithium Corp. has engaged Global Resource Engineering to update the mineral resource estimate and preliminary economic assessment for its Zeus project in Nevada, adding potential byproduct credits for rubidium, cesium, molybdenum, and potash...
Business Operations and StrategyPrivate Placements and Financing
Noram Lithium Raises $1.07 Million in Non-Brokered Financing for Lithium Project Advancement
Positive
Feb 6, 2026
Noram Lithium Corp. has closed a fully allocated non-brokered private placement, raising gross proceeds of $1,067,500 through the issuance of 10,675,000 units, each comprising one common share and one warrant exercisable at $0.15 for 36 months. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.