NOA Lithium Announces Strategic Arrangement with Hatch
NOA Lithium Announces Strategic Arrangement with Hatch
June 16, 202 6, Buenos Aires, Argentina – NOA Lithium Brines Inc. (TSXV:NOAL |
Frankfurt:N7N) (“NOA” or the “Company”) is pleased to announce that Hatch Ltd. (“Hatch”) and the
Company have agreed to make a strategic arrangement (“Arrangement”) in connection with the
Company’s recently announced Pre -PFS Process Development Study for NOA’s flagship Rio
Grande project in Salta Province, Argentina (the “Study”).
Under the Arrangement, Hatch, an arm’s length party, has agreed to receive common shares of the
Company for services completed by Hatch for the Study, which shall equal the fees and costs
associated with the Study, being approximately USD $100,000 . The Study is intended to compare
the Project’s baseline evaporation pond flowsheet against alternative process configurations
incorporating direct lithium extraction (“DLE”) testwork and concept-level process design.
NOA’s Chief Executive Officer, Gabriel Rubacha states: “We are very pleased to welcome Hatch as
an investor in NOA. Aligning a portion of the Study’s cost with an investment by Hatch reinforces
their confidence in the Rio Grande project and in our development pathway. This arrangement
supports our goal of advancing key technical workstreams toward the PFS while maintaining
disciplined capital allocation. The Study will help us evaluate process alternatives – including DLE-
based flowsheets – and strengthen the technical foundation for a robust PFS.”
Hatch’s Managing Director - Minerals, Conrad Blake states: “Hatch is pleased to support NOA’s
continued advancement of the Rio Grande Project. We see significant value in disciplined, data -
driven process development work at this stage, and we believe the Study can help clarify technology
options and improve decision-making as NOA progresses toward a PFS. Our involvement reflects
our confidence in the project and its team , and our commitment to supporting responsible
development of critical minerals projects.”
Terms of the Arrangement
Pursuant to the Arrangement, Hatch will be issued common shares of the Company for services
rendered for the Study, with a value of approximately USD $100,000, and at a price per common
share that will be determined by the volume weighted average (“VWAP”) price of the common shares
of NOA as listed on the TSX Venture Exchange based on a 5 day VWAP prior to the date of
issuance. The common shares issued to Hatch will be subject to statutory hold periods and resale
restrictions in accordance with applicable securities laws and stock exchange policies.
Completion of the Arrangement remains subject to customary conditions, including receipt of all
required corporate and regulatory approvals, including approval of the TSX Venture Exchange.
NEWS RELEASE
About the Pre-PFS Process Development Study
As previously announced, NOA engaged Hatch to lead the Study for its Rio Grande project. The
objective of the Study is to compare the current evaporation pond flowsheet against alternative
flowsheets incorporating DLE testwork and basic/concept -level process design, with findings
intended to inform the development and execution of NOA’s PFS.
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 mul titude 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.
About Hatch
Hatch is a global engineering, project delivery, and professional services firm. With seven decades
of business and technical experience , Hatch understands that the challenges facing the mining,
energy, and infrastructure sectors are changing rapidly. It responds quickly with solutions that are
smarter, more efficient, and innovative. Hatch draws upon an 11,000 staff with experience in over
150 countries to challenge the status quo and create positive change for its clients, its employees,
and the communities its serves. Find out more on www.hatch.com
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
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 stateme nts 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,
results of further lithium 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. Forward-looking statements
include, but are not limited to, statements regarding the anticipated scope, outcomes, and potential
benefits of the Study, the evaluation of process technologies including DLE, and the development of
the PFS.
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.