NOA Engages Hatch To Lead Preliminary Economic Assessment For Its Rio Grande Project
NOA Engages Hatch To Lead Preliminary Economic Assessment
For Its Rio Grande Project
BUENOS AIRES, AR / ACCESS Newswire / April 16, 2025 / NOA Lithium Brines Inc.
(TSXV:NOAL)(Frankfurt:N7N) ("NOA" or the "Company") is pleased to announce the
appointment of Hatch Limited ("Hatch") to lead the preparation of a Preliminary Economic
Assessment ("PEA") for the Company's flagship Rio Grande Project (the "Project") in Salta
Province, Argentina.
The PEA will outline the economic parameters and development potential of the Project for an
initial production capacity of approximately 20,000 metric tonnes per year of lithium carbonate
equivalent ("LCE"). The plant design in the PEA is anticipated to incorporate scalability, with
the potential to double capacity through the addition of a second 20,000 metrictonne module, for
total capacity of approximately 40,000 metric tonnes per year of LCE.
The PEA is expected to be completed within four months, with results anticipated in Q3 2025.
The findings will provide critical insights into the Project's viability and will serve as a
foundation for the next phase of development toward production.
NOA's Chief Executive Officer Gabriel Rubacha states: "This marks a major milestone for NOA
and the Rio Grande Project. Over the past two years, we've consistently delivered on our
exploration and development goals, even amid challenging market conditions. We are excited to
partner with Hatch, a firm with extensive experience in lithium project development across the
region. Hatch's technical expertise and global reputation give us confidence that the PEA will
present a robust and credible valuation of our Rio Grande Project. This will be key to advancing
the Project and unlocking further value for our shareholders."
About NOA Lithium Brines Inc.
NOA is a lithium exploration and development company formed to acquire assets with
significant resource potential. All NOA's projects are located in the heart of the prolific Lithium
Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and
operations owned by some of the largest players in the lithium industry. NOA has rapidly
consolidated one of the largest lithium brine claim portfolios in this region that is not owned by a
producing company, with key positions on three prospective salars, being Rio Grande, Arizaro,
and Salinas Grandes, and totalling over 140,000 hectares. The Rio Grande Project is NOA's
flagship asset, with a resource estimate of approximately 4.7 million tons of lithium carbonate
equivalent (LCE) at an average lithium concentration of 525 milligrams per litre. In December
2024, NOA completed final property payments on its Rio Grande Project, securing 100%
ownership of all claims within this project.
About Hatch Limited
Hatch is a global multidisciplinary project management, engineering and professional services
consultancy with extensive experience in critical minerals. Hatch has substantial experience in
processing and engineering of lithium rich brines, including projects located on salars in
Argentina.
On Behalf of the Board of Directors,
Gabriel Rubacha
Chief Executive Officer and Director
For Further Information
Website: www.noalithium.com
Email: [email protected]
Telephone: +54-9-11-5060-4709
Alternative Telephone: +1-403-571-8013
Qualified Person
David O'Connor P.Geo., is the Qualified Person as defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific
and technical information in this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not
historical facts. Forward-looking statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and similar expressions. All statements other than statements of
historical fact, included in this news release are forward-looking statements that involve risks
and uncertainties. There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's
expectations include the results of the PEA, lithium pricing, further brine process testing and
exploration and other risks detailed from time to time in the filings made by the Company with
securities regulators. The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances may cause
actual results to differ materially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are beyond the control of the
Company. The reader is cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news release are expressly qualified by
this cautionary statement. The forward-looking statements contained in this news release are
made as of the date of this news release and the Company will update or revise publicly any of
the included forward-looking statements as expressly required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No securities regulatory authority has reviewed nor accepts
responsibility for the adequacy or accuracy of the content of this news release.
SOURCE: NOA Lithium Brines Inc.