NOA Lithium Outlines 2026 Priorities in CEO Year-End-Letter
NEWS RELEASE
NOA Lithium Outlines 2026 Priorities in CEO Year-End-Letter
December 9, 2025, Buenos Aires, Argentina – NOA Lithium Brines Inc. (TSXV: NOAL | Frankfurt:
N7N) (“NOA” or the “Company”) provides a year-end update from the Company’s Chief Executive
Officer and Director, Gabriel Rubacha, highlighting the 2025 milestones at the Company’s flagship,
Rio Grande project (the “Rio Grande Project” or”Project”) and setting out the 2026 priorities for the
Company which will be to focus on permitting and a pre-feasibility study (“PFS”) at its Rio Grande
Project.
CEO Letter Below:
Dear Shareholders,
As we approach year-end and reflect on what we have achieved at NOA Lithium Brines Inc., I am
pleased to share our progress and, in particular, our objectives for 2026 as we advance our Rio
Grande Project toward production and position NOA as a future lithium producer. We strongly believe
NOA stands out for three reasons: (1) three assets, each a low cost brine operation; (2) our Rio
Grande Project, significantly de-risked, with a large resource of close to 5 million tonnes of lithium
carbonate equivalent (LCE) and high concentration of more than 500 milligrams per litre that enables
development using commercially proven processes; and (3) a management team with significant
experience and an equity interest in the Company, with investments made alongside shareholders,
sharing in the same risk as every one of you.
The Rio Grande Project remains our flagship asset. This year (2025) we reached the following
milestones that were critical for the Project and for NOA’s long-term plan:
• We completed payment for all Rio Grande properties.
• Initiated a water exploration program and discovered fresh water in the northern area of the
Project.
• Completed a NI 43-101 Preliminary Economic Assessment (“PEA”) evaluating two stages of
20,000 tonnes per annum (“tpa”) (for a total Project capacity of 40,000 tpa) with compelling
technical and economic results (see the Company’s press release dated October 6, 2025 for
a summary of these results).
• Secured additional capital to continue advancing the Project and Company.
These results reflect disciplined execution by NOA’s team. We launched operations less than three
years ago, through a difficult market, and still delivered meaningful progress, including management-
led funding at a time when external capital was scarce.
NOA has transitioned from an exploration company to a development company, a notable milestone
for a junior issuer, especially on such a short timeline. The PEA supports our move to feasibility at
the Rio Grande Project and, ultimately, to production.
The Company’s priorities for 2026 at Rio Grande are as follows:
(1) Advance exploration and permitting, and
(2) Complete the PFS.
These priorities run in parallel and are aligned with our goal of responsibly accelerating the time it
takes for the Company to get to initial production.
We have also initiated on-site and off-site activities so that, alongside engineering, we can file
environmental permits for construction at Rio Grande on schedule. We are defining a PFS plan, with
some support activities expected to begin in early 2026. This plan includes the following options: (i)
evaluating a hybrid ponds and direct lithium extraction (“DLE”) approach to reduce the size of the
ponds; (ii) assessing the potential to locate the carbonate plant at lower elevation; and (iii) studying
lithium chloride production or a lithium carbonate/chloride composition instead of lithium carbonate
production. To support these options, we will conduct DLE testwork with selected technology
providers, analyze the market, complete additional drilling and field tests, pursue laboratory/pilot
programs, and complete hydrogeological studies required for the PFS.
While market conditions for early-stage lithium developers remain challenging, we are encouraged
by recent pricing and demand trends that reinforce the fundamentals of the lithium sector. NOA’s
disciplined execution and capital efficiency keeps us on schedule and, in our view, positions the
Company as an undervalued and high growth story, which puts us in a strong position to attract
partners and broaden our investor base to support our development plans going forward.
Beyond Rio Grande, NOA holds two additional projects that are not fully reflected in our current
valuation. In 2026, we intend to pursue a strategic partner for our Arizaro project, an even larger
project with twice the land package of Rio Grande, to unlock value without diverting focus from our
flagship Rio Grande Project, and subject to market conditions, we also plan to commence drilling at
our Salinas Grandes properties, a project we believe can contribute meaningful additional value for
NOA’s shareholders.
We will continue advancing the Company and our flagship Rio Grande Project with the same
commitment, discipline and enthusiasm that has guided us over the past three years since our public
listing. We believe that NOA, and particularly our Rio Grande Project, are well positioned to deliver
long-term value for our shareholders, and we are confident the improving market conditions will
provide additional tailwinds as we move into 2026.
I would like to thank you for your confidence and support as we enter into this next stage of growth
for NOA.
Best Regards,
Gabriel Rubacha
Gabriel Rubacha
Chief Executive Officer and Director
NOA Lithium Brines Inc.
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.
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 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 and projected plans include the anticipated production and/or results of water well
activities, 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.