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NOA Lithium Brines Inc ( (TSE:NOAL) ) has provided an update.
NOA Lithium Brines Inc. has raised $712,400 through the exercise of 3,562,000 common share purchase warrants by senior management, priced at $0.20 per share, with proceeds earmarked for advancing its lithium brine assets and general corporate purposes. Management framed the move as a strong vote of confidence in the company’s flagship Rio Grande project, where a recent preliminary economic assessment highlighted development potential and a forthcoming pre-feasibility phase is expected to further enhance the project’s and company’s value, reinforcing NOA’s strategic positioning in Argentina’s Lithium Triangle.
More about NOA Lithium Brines Inc
NOA Lithium Brines Inc. is a lithium exploration and development company focused on acquiring and advancing assets with significant resource potential in Argentina’s portion of the Lithium Triangle. Operating in the mining-friendly province of Salta, the company holds one of the largest lithium brine claim portfolios in the region not controlled by a producing company, with more than 140,000 hectares across the Rio Grande, Arizaro and Salinas Grandes salars, situated near major projects owned by leading lithium industry players.
Average Trading Volume: 343,515
Technical Sentiment Signal: Sell
Current Market Cap: C$60.85M
Learn more about NOAL stock on TipRanks’ Stock Analysis page.