NOA Lithium Receives Biannual Renewal To Rio Grande’s Exploration Permits And Provides Corporate Updates
NOA Lithium Receives Biannual Renewal To Rio Grande’s Exploration
Permits And Provides Corporate Updates
May 8, 2026, Buenos Aires, Argentina – NOA Lithium Brines Inc. (TSXV:NOAL | Frankfurt:N7N)
(“NOA” or the “Company”) is pleased to announce it has received its expected biannual renewal for
the environmental and social impact report for the advance d exploration permits for its flagship Rio
Grande Project (“ Project”) in Salta Province, Argentina. This renewal supports the Company’s
planned 2026 field activities as NOA advances the Project toward its Preliminary Feasibility Study
work program.
NOA is also pleased to provide an update, to its previously announced mobilization plans, and that
mobilization activities remain on schedule, and water well drilling is expected to commence in May
2026.
Property Acquisition
NOA entered into an option to purchase agreement dated May 5, 2025 (“Option Agreement”) with
an arm’s length party for the following properties located south of the Company’s Rio Grande Project
known as Archibarca II and Archibarca I II, totalling 3,236 hectares, for aggregate consideration of
USD $800,000 comprised of USD $550,000 in cash and USD $250,000 in common shares at the
market price of the Company’s common shares at the time of issuance subject to a minimum of
$0.30 per common share (in compliance with TSX Venture Exchange Policies), which pursuant to
the terms of the Option Agreement this consideration is to be paid over a per iod of 24 months from
the date of the Option Agreement. To date, cash payments of USD $150,000 have been paid to the
vendor and 226,850 common shares at a price of $0.30 per common share have been issued . The
objective of the Option Agreement for the properties is to evaluate potential additional water sources
for the Project and provide optionality for future development planning . No net smelter royalty exist
on the properties, and no finder’s fees were paid for this transcation. The Option Agreement and its
terms are subject to approval by the TSX Venture Exchange.
Consulting Agreement
The Company has entered into a consulting agreement with Tricone Inc. (“Tricone”), an arm’s length
party, dated May 1, 2026 (the “ Consulting Agreement”) whereby Tricone will provide consulting
services related to exploration, drilling, geology and hydrogeology in connection with the Company’s
projects and/or potential opportunities to be evaluated by the Company . Under the Consulting
Agreement, Tricone will receive total fee of US D $700,000 over a term of nine (9) months, payable
through the issuance of common shares of the Company (the “Shares”) as services are completed.
The Shares will be issued monthly at a deemed issue price per share equal to closing price of the
common shares on the TSX Venture Exchange on the date prior to the date of issuance, provided
that the deemed issue price shall not be less than CDN $0.25 per Share. As agreed to by the parties,
NEWS RELEASE
the Shares will be issued monthly and are subject to contractual resale restrictions until the date that
is 18 months from the date of the Consulting Agreement. The issuance of the Shares remains subject
to applicable regulatory approvals, including approval of the TSX Venture Exchange.
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.
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
the results of 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 relea se 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.