Clayton Valley / Zeus: Proof of Model
CDN Maverick’s predecessor, Alba Minerals Ltd., helped finance and operate early exploration at the Zeus lithium project. In 2018, Alba sold its remaining 25% direct interest to Noram for C$400,000 and 3.8 million Noram shares. CDN currently retains exposure through Noram shares and warrants.
Investment Type
Strategic lithium equity exposure
Historical Role
Alba helped finance and operate early Zeus exploration
2018 Transaction
Remaining 25% direct interest sold to Noram
Consideration
C$400,000 + 3.8M Noram shares
Current Exposure
3,306,675 Noram shares +
1,650,000 Noram warrants over three years*
Warrant Terms
C$0.15 exercise price; 36-month term from Feb. 5, 2026, expiring Feb. 5, 2029
Portfolio Role
Proof of model / retained exposure
*As at June 30, 2026, per CDN Maverick’s MD&A / Form 5.
Predecessor
Alba Minerals Ltd.
Related Asset
Zeus Lithium Project
Location
Clayton Valley, Nevada
Historical Interest
25% direct interest
sold in 2018
Current Holding
3,306,675
Noram shares and 1,650,000 warrants
District Context
Albemarle + Century Lithium nearby
A Legacy Lithium Value-Creation Story
Clayton Valley / Zeus demonstrates CDN Maverick’s project-generator model in practice. Through its predecessor Alba Minerals Ltd., the company helped finance and operate early exploration at Zeus, then converted its remaining direct project interest into cash and Noram equity. Today, Clayton Valley is best understood as a proof-of-model story and retained securities exposure while James Bay / Nottaway remains CDN Maverick’s current active technical focus.
Identify
Early identification of compelling lithium opportunities in prolific jurisdictions.
Finance
Provide exploration capital to move new projects from concept to discovery.
Retain Exposure
Maintain meaningful equity exposure to capture long-term shareholder value.
Clayton Valley District Context
The Zeus Lithium Project sits in Clayton Valley, Nevada, a district that includes Albemarle’s Silver Peak lithium brine operation and Century Lithium’s Angel Island project. This regional context helps explain why Clayton Valley remains relevant to CDN Maverick’s lithium exposure story, while Noram remains the operator of Zeus.
Nearby operations and projects are provided for district context only and are not necessarily indicative of results at Zeus or Noram.
From Direct Interest to Retained Exposure
Alba helped finance and operate early exploration at Zeus.
Alba sold its remaining 25% direct interest to Noram for C$400,000 and 3.8 million Noram shares.
CDN currently retains exposure through Noram common shares and warrants rather than direct operatorship.
As of June 30, 2026, the company’s books showed 3,306,675 Noram common shares plus 1,650,000 warrants, giving it real, quantifiable upside tied to Zeus’s progress.
Source: CDN Maverick June 30, 2026, per CDN Maverick’s MD&A / Form 5.
Related Documents & Links
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Argentinian lithium brine asset and strategic exposure.
Frequently Asked Questions
No. Clayton Valley is presented as a proof-of-model example and retained securities exposure, while James Bay / Nottaway remains CDN Maverick’s active exploration focus.
No. Zeus is advanced by Noram Lithium. CDN Maverick’s connection is historical project-generation involvement through predecessor Alba Minerals Ltd. and current retained exposure through Noram shares and warrants.
In 2018, Alba sold its remaining 25% direct interest to Noram for C$400,000 and 3.8 million Noram shares.
As at June 30, 2026, CDN disclosed 3,306,675 Noram shares and 1,650,000 Noram warrants. The warrants were exercisable at C$0.15 for a three-year / 36-month term from February 5, 2026, expiring February 5, 2029, subject to verification of exact warrant certificate terms.
It gives investors a clear proof-of-model example: early-stage project participation, value creation, transaction, and retained market exposure.
Clayton Valley provides credibility for the model. James Bay / Nottaway is where CDN Maverick is applying that model most directly today.
Follow CDN Maverick’s Critical-Minerals Portfolio
Clayton Valley shows where our value-creation model has been applied before. James Bay and Nottaway show where that model is being advanced today.
From Proven Model to Active Exploration
The Clayton Valley story supports CDN Maverick’s strategy of disciplined critical-minerals exposure, selective project generator, and active exploration where we see scalable opportunity.