CDN Maverick Capital Corp. ('Maverick' or the 'Company') (CSE: CDN; OTCPINK: AXVEF Frankfurt: A117RU) is updating shareholders on its interest in Noram Ventures Inc. ('Noram') (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) who are pleased to announce that Noram continues to work towards strategically positioning the Company to benefit from the increasing demand for lithium, increasing lithium prices and recent record EV demand in Europe and China.
During December, 99.5% lithium carbonate China spot prices were up 6.4%. Lithium hydroxide prices were up 0.74%. Spodumene (6% min) prices were up 0.21%. 'With increasing interest in Clayton Valley and claystone as a viable source for lithium extraction by major companies such as Albemarle and Tesla, Noram feels confident it is only a matter of time before the claystone deposits are developed' commented Anita Algie, CFO and Director.
On January 15, 2021, Fundamental Research Corp. published a new report on Noram, which is available publicly here - https://bit.ly/2LXsUmfwith a target price. With more and more attention turning towards green energy and the implementation of electric cars, car companies have made significant commitments to advancing this mandate as exampled below.
Volkswagen will spend $86 billion on electric cars
BMW $32 Billion
Ford (F) $11.5 billionFord is injecting into EV by 2022
CATL will spend $5.1 billionto build a battery plant
GMvia a $2.2 billioninvestment into electric vehicles at Detroit
GM $2.0 billion, TN (plus an additional $153 billion for upgrades) and that is just part of the $20 billionthey plan on investing over the next 5 years
Toyota $2 billionspent by 2023
Porsche $678 million
Even Harley-Davidson is getting into the mix
Bentley is entering the EV marketby 2025 and 100% electric by 2030 Apple announced it is entering the lithium game via plans to make an EV auto.
What's more is that lithium is not just restricted to cars, but it will also migrate to other powered tools and vehicles. Anything that requires power; you will get a lithium solution if it makes sense.
Drilling is progressing very well in the second half of Phase V. The Company completed core hole CVZ-65 at a depth of 297 feet (90.5 m). The region comprised more than 180 feet (55 m) of claystone types that have contained high lithium values in past drilling. Samples were sent to ALS Labs in North Vancouver on a rush basis and assays are pending. These lakebed sediments have shown very uniform lithologies and lithium grades over large areas of Clayton Valley.
It is believed that several faults traverse the valley which are part of the Basin and Range faulting that covers a huge area of the western United States. They are block faults with mostly vertical movement due to extensional (pull-apart) tectonic forces. Several of these fault blocks are present within the Zeus property. They may affect the thickness of the claystones found at any one site in any part of the valley. So far, movement on these faults has been minimal but we have seen differences in claystone thicknesses, such as in CVZ-65. Thick claystones with high lithium values seem to be present wherever drill holes have penetrated deep enough to intersect them.
About CDN Maverick Capital Corp.
CDN Maverick Capital Corp. is a Vancouver-based junior resource company with projects in North America. CDN Maverick is focused on the development of the following mineral properties:
The Ranger Lake Gold Project consists of 1,107 hectares of prospective gold exploration in southern Quebec, Canada.
The Rainbow Canyon Gold Project consists of 668.86 hectares of prospective gold exploration in the Olinghouse mining district, in the Washoe County Nevada.
Contact:
Tel: (604) 662-7902
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such forward - looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward- looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.
NORAM LITHIUM CORP. 
