NOA Lithium Announces Brine Processing Results
NOA Lithium Announces Brine Processing Results
November 25, 2024, Buenos Aires, Argentina – NOA Lithium Brines Inc. (TSX-V: NOAL, FSE:
N7N) (“NOA” or the “Company”) is pleased to provide an update on the significant progress of its
flagship, Rio Grande Project (the “Rio Grande Project” or the “Project”). The Company has sent
brine samples from the Project to a select few direct lithium extraction (“DLE”) supplies, of which
XtraLit Ltd. (“XtraLit”) was one. XtraLit has a patented DLE process based on ion-exchange
technology which consists of sorption, washing, desorption and post-desorption washing steps to
process the brine. XtraLit completed its initial process test-work using its patented DLE technology
on brine samples from the Company’s Rio Grande’s Project and provided promising initial results.
Highlights of the XtraLit results include:
• Results: The outcome of XtraLit’s DLE technology using its proprietary process recovered
more than 91% of the lithium contained in the brine samples from Rio Grande.
• Testing: Additionally, XtraLit’s technology was very selective and effective in the extraction of
lithium and the rejection of impurities (>98%) like magnesium, sodium, chlorine and others.
NOA’s Chief Executive Officer, Gabriel Rubacha states: “Our Rio Grande Project already
demonstrated the potential with a robust resource of 4.7 million tons of lithium carbonate equivalent
at 525 milligrams per litre, which gives NOA the flexibility to develop the project using evaporation
or DLE processes. Results received from XtraLit together with a recent announcement from Litica
whereby they used an evaporation process to produce lithium carbonate from brines from the Rio
Grande salar at its pilot plant, continue to confirm the potential of our flagship project. We continue
the development of the project with the target of a Preliminary Economic Evaluation (PEA) of the
Project during 2025.”
DLE Process Evaluation
NOA has been working with a select few DLE providers. Results received from XtraLit show high
recovery and rejection rates (>91% and >98% respectively).
As shown in the process flow below, brine sent to be tested in XtraLit’s facilities contained 458
milligrams per litre and the eluate released contained 4,400 milligrams per litre of lithium
concentration, which demonstrated the potential of the process for our Rio Grande Project.
NEWS RELEASE
Figure 1: XtraLit DLE Process Flow
Company Update
As previously announced in the Company’s press release dated October 15, 2024, NOA and Clean
Elements Ltd. (“Clean Elements”) are continuing to work diligently to achieve the closing of the said
investment by Clean Elements in the Company on or before December 10, 2024, subject to requisite
approvals, including but not limited to shareholder approval, of which such shareholder meeting will
be held on December 4, 2024. Additionally, a second tranche closing pursuant to the general private
placement previously announced of up to $2.7 million, ~$900,000 of which closed in a first tranche
on November 8, 2024, is expected to close by the end of November 2024.
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, Salinas Grandes, and totalling over
140,000 hectares.
On Behalf of the Board of Directors,
Gabriel Rubacha
Chief Executive Officer and Director
For Further Information On The Company
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
Certain statements contained in this news release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe",
"will", "projected", "estimated" and similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking information and are based on the Company’s current
belief or assumptions as to the outcome and timing of such future events. Actual future results may differ
materially. In particular, this news release contains forward-looking information relating to, among other
things, the completion of the Clean Elements private placement, the completion of the general private
placement, the use of proceeds of these private placements, the operations of the Company, approval by the
TSXV and any other regulatory bodies and shareholder approval. Those assumptions and factors are based
on information currently available to the Company. Although such statement s are based on reasonable
assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts
will prove to be accurate.
While the Company considers these statements to be reasonable based on information currently available,
they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or achievements to be materially different
from any future results, performance or achi evements expressed or implied by the forward -looking
information. Such factors include market risks and the demand for securities of the Company, risks inherent
in the exploration and development of mineral deposits, including risks relating to changes in project
parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks
relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to
increased competition and current global financial conditions, access and supply risks, reliance on key
personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary
licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this news release is made as of the date hereof, and the
Company is not obligated, and does not undertake, to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as required by applicable securities
laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking
information contained herein.
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.