Noram Lithium raised $1.0675 million in a private placement to fund its Nevada lithium project, with insider participation and pending exchange approval.

Noram Lithium Corp. closed a non-brokered private placement on February 5, 2026, raising $1.0675 million by issuing 10,675,000 units, each with one share and one warrant exercisable at $0.15 for 36 months. Proceeds will fund working capital, overhead, and exploration at its Zeus Lithium Project in Nevada. Insiders subscribed for $175,000 in units, triggering a related-party exemption. The company paid $35,550 in finder’s fees and issued 355,550 finder’s warrants. The deal remains subject to TSX Venture Exchange approval, and the company noted risks including regulatory delays and capital availability.