NOA Lithium Makes Final Payment And Completes Acquisition Of All Properties Of Its Rio Grande Project
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NOA Lithium Makes Final Payment And Completes Acquisition Of All
Properties Of Its Rio Grande Project
December 16, 2024, Buenos Aires, Argentina – NOA Lithium Brines Inc. (TSX-V: NOAL)
(“NOA” or the “ Company”) is pleased to announce that it has completed the last outstanding
property payment related to its Rio Grande Project in Argentina . Upon the payment of US
$300,000 made to Aldebaran Resources ( “Aldebaran”), NOA now owns 100% of El Camino
property (“El Camino Claim”), which is a fully permitted claim within NOA’s 37,000 hectares Rio
Grande Project, located in the Salta Province.
Gabriel Rubacha, Chief Executive Officer and Director of NOA, stated, “This is a major milestone
for NOA. The company now fully owns all its claims in our flagship project, where all of our current
announced resource is located . Based on the resource and high concentration, we strongly
believe that the Rio Grande Project is one of the last undeveloped projects with the potential to
become a major player in the region. Therefore, this milestone marks a significant step in
consolidating NOA´s ownership of its resource -rich Río Grande Project and de-risks the path
forward of the project and NOA”.
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
NEWS RELEASE
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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" a nd 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, resource estimates of the Company and accompanying properties. Those
assumptions and factors are based on information currently available to the Company. Although such
statements 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 achievements 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.
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