Noram Lithium Corp. Revises Recent Incentive Grant Announcement

VANCOUVER, BC, April 12, 2024 - Noram Lithium Corp. (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) has issued a revision to its March 28, 2024, announcement regarding incentive grants to its directors, officers, and consultants. Contrary to the initial statement which exclusively mentioned the grant of 6,000,000 deferred share units (DSUs), the company clarified that both DSUs and restricted share units (RSUs) were granted, amassing to a combined total of 6,000,000 units.

The updated disclosure revealed that these incentive units were distributed among directors, officers, and consultants under the company’s new omnibus incentive plan, endorsed by shareholders during the annual general and special meeting on March 18, 2024. Both types of share units are slated to vest one year from the grant date, though there are specific conditions that may alter this tenure. DSUs allow holders to acquire one common share of Noram upon their departure from director roles, while RSUs permit the conversion to a common share one year post-grant, regardless of the holder's status.

For further details, Noram Lithium Corp. has made its investor relations team available through their contact email and encouraged interested parties to visit their website or dial the provided number.