Noram Lithium Balance Sheet Health

Financial Health criteria checks 4/6

Noram Lithium has a total shareholder equity of CA$9.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$9.9M and CA$973.9K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$6.05m
Equity	CA$8.96m
Total liabilities	CA$973.95k
Total assets	CA$9.93m

Recent financial health updates

Recent updates

Noram Lithium (CVE:NRM) Will Have To Spend Its Cash Wisely

Jan 11

Companies Like Noram Lithium (CVE:NRM) Are In A Position To Invest In Growth

Sep 28

Will Noram Lithium (CVE:NRM) Spend Its Cash Wisely?

Dec 16

We're Keeping An Eye On Noram Lithium's (CVE:NRM) Cash Burn Rate

Sep 01

We Think Noram Ventures (CVE:NRM) Can Afford To Drive Business Growth

Jan 01

Financial Position Analysis

Short Term Liabilities: NRM's short term assets (CA$6.7M) exceed its short term liabilities (CA$963.4K).

Long Term Liabilities: NRM's short term assets (CA$6.7M) exceed its long term liabilities (CA$10.5K).

Debt to Equity History and Analysis

Debt Level: NRM is debt free.

Reducing Debt: NRM has no debt compared to 5 years ago when its debt to equity ratio was 2.8%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NRM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NRM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.3% each year

Noram Lithium Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Noram Lithium (CVE:NRM) Will Have To Spend Its Cash Wisely

Companies Like Noram Lithium (CVE:NRM) Are In A Position To Invest In Growth

Will Noram Lithium (CVE:NRM) Spend Its Cash Wisely?

We're Keeping An Eye On Noram Lithium's (CVE:NRM) Cash Burn Rate

We Think Noram Ventures (CVE:NRM) Can Afford To Drive Business Growth

Recent updates

Noram Lithium Corp Announces Resignation of Adam Falkoff from the Board of Directors

Noram Lithium Corp Provides Third and Final Update from Its Phase Vii Drilling Program Underway At Is 100% Owned Zeus Lithium Project, Located in Clayton Valley, Nevada

Noram Lithium Corp Provides Third and Final Update from Its Phase Vii Drilling Program Underway At Is 100% Owned Zeus Lithium Project, Located in Clayton Valley, Nevada

New minor risk - Share price stability

Noram Lithium Corp. Extends High-Grade Zone At Zeus

Noram Lithium Corp., Annual General Meeting, Mar 18, 2024

Noram Lithium Corp. Provides Drilling Results from Zeus

Noram Lithium (CVE:NRM) Will Have To Spend Its Cash Wisely

Noram Lithium Corp. Announces Board Changes

New major risk - Financial position

Noram Lithium Corp. Announces the Completion of Core Hole CVZ-87, the Fourth Hole in Its 10-Hole Phase Vii Drilling Program on Its 100% Owned Zeus Project in Clayton Valley, Nevada, USA

Noram Lithium Corp. Drills Deepest Hole to Date: Confirming Fault and Mineralizing Structures Interpretation

Noram Ventures Inc. Successfully Drills Deepest Hole to Date & Intersects 756.5 Ft (230.6 M) of Favourable Tuffaceous Claystones

Noram Ventures Inc. Announces Completion of the First of its 10 Hole Drill Program

Noram Lithium Corp. Commences Phase Vii Drill Campaign to Pursue High Grade Layer At Depth

Noram Lithium Corp. Prepares to Drill Second Potential High-Grade Zone at Zeus Lithium Project

Noram Lithium Corp. Provides an Update on Its 100% Owned Zeus Lithium Project Located in Clayton Valley, Nevada

New minor risk - Share price stability

Companies Like Noram Lithium (CVE:NRM) Are In A Position To Invest In Growth

Noram Lithium Corp. Provides Update on Zeus Lithium Project Process Development and Laboratory Testing

Noram Lithium Corp. Provides Update on Zeus Lithium Project Mine Plan Optimization Work

Founder & Chair of the Board recently bought CA$80k worth of stock

Noram Lithium Announces a Further Metallurgical Test Work Program for the Zeus Lithium Project

Noram Lithium Corp Announces Significant Increase in Its Estimated Mineral Resources At the Zeus Lithium Project

Noram Lithium Corp. Announces Resignation of Peter A. Ball as President and Chief Operating Officer, Effective January 31, 2023

Noram Lithium Corp. Announces CEO Changes

Less than half of directors are independent

Noram Lithium Corp. Appoints Vahid Sohrabi to the Advisory Board

Noram Receives Results for CVZ-81 with High-Grade Long Intercept of 330FT with Weighted Average 1169 PPM Li and Li High of 1810 PPM

Noram Lithium Corp. Announces Results for CVZ-80 (PH-12)

Noram Lithium Corp. Announces the Successful Completion of Cvz-79 (Ph-05) and Release of the Final Assay Results

Noram Lithium Corp. Announces the Successful Completion of Cvz-77 (Ph-04) and Cvz-78 (Ph-11) and Release of the Final Assay Results

Noram Lithium Corp. Receives Results for CVZ-75 & 76: High-Grade Intercepts of 150 Ft (45.7 M) Averaging 962 PPM, & 100 Ft (30.5 M) Averaging 1,163 PPM Respectively

Noram Lithium Corp. Announces Successful Completion of CVZ-71 (PH-10) and Release of the Final Assay Results

Noram Lithium Corp. Announces Infill Drill Program for Pre-Feasiblity Study Completion and Commencement of Plan of Operations

Noram Lithium Corp. Receives Results for CVZ-72 with the Longest and Highest-Grade Intercept from All of the Zeus Drilling to Date

Price target increased to CA$2.65

Less than half of directors are independent

Noram Lithium Corp. Completes Hole CVZ-73 (PH-08) on Its Zeus Lithium Clay Deposit in Nevada

Noram Lithium Corp. Announces Successful Completion of CVZ-70

Noram Completes Cvz-72 At 428Ft (130.M) with Near Surface Mineralization, over 323Ft (98.4M) of Visually Rich Clays

Noram Lithium Corp. Completes Hole CVZ-70 on its Zeus Lithium Clay Deposit in Nevada to Total Depth of 463 Ft

President & COO recently bought CA$58k worth of stock

Will Noram Lithium (CVE:NRM) Spend Its Cash Wisely?

We're Keeping An Eye On Noram Lithium's (CVE:NRM) Cash Burn Rate

Noram Ventures Inc. Provides Phase V Drill Program Overview and Summary

Noram Ventures Inc. announced that it has received CAD 2.30008 million in funding from 0784608 B.C. Ltd, Sakura Exploration Ltd

Noram Ventures Inc. Announces Completion of CVZ-64

Noram Ventures Inc. Announces the Completion of CVZ-67

Noram Ventures Inc. announced that it expects to receive CAD 2.3002 million in funding

Noram Ventures Inc. Announces Successful Completion of CVZ-65

Noram Ventures Inc. Receives Second Half of the Results for CVZ-62

Noram Ventures Inc. Announces the Completion of Its 6th Hole of the Phase V 12-Hole Drill Program

New 90-day high: CA$1.05

Noram Ventures Inc. Completes Drill Hole CVZ-65: 180Ft of Claystone

CFO & Director recently sold CA$125k worth of stock

Independent Director exercised options and sold CA$121k worth of stock

Noram Ventures Inc. Achieves Initial Success with Chloride-Based Leaching for Lithium Clay Extraction

Noram Ventures Inc. Resumes Drilling in Clayton Valley

New 90-day high: CA$0.54

We Think Noram Ventures (CVE:NRM) Can Afford To Drive Business Growth

Noram Receives Assay Results for CVZ-61 with High of 1860Ppm:260Ft (79M) of 1130Ppm from 107Ft (32M) to 367Ft (112M)

Noram Ventures Inc. Announces Drills Longest Intersection to Date of 380 FT

Chairman exercised options and sold CA$65k worth of stock

Chairman recently sold CA$96k worth of stock

Chairman recently bought CA$100k worth of stock

Noram Ventures Inc. Announces Drilling Updates

Noram Ventures Inc. Drills One of Thickest Claystone Intersections to Date in Previously Undrilled Area

Noram Ventures Inc. Announces Successful Start to its Phase V Drill Program

New 90-day high: CA$0.24