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NOA Lithium Brines Inc ( (TSE:NOAL) ) has issued an announcement.
NOA Lithium Brines Inc. has successfully closed a ‘bought deal’ private placement, raising C$5.9 million through the sale of 22,764,000 units. The proceeds will be used to advance the Rio Grande Project and for general corporate purposes. The strong interest in the financing, including participation from major shareholder Clean Elements Ltd., highlights confidence in the company’s strategic direction and the potential recovery in lithium prices, which could positively impact NOA’s project development and market positioning.
More about NOA Lithium Brines Inc
NOA Lithium Brines Inc. operates in the lithium industry, focusing on the exploration and development of lithium brine projects. The company’s primary project is the Rio Grande Project located in the Salta Province of Argentina.
Average Trading Volume: 101,510
Technical Sentiment Signal: Sell
Current Market Cap: C$49.65M
For a thorough assessment of NOAL stock, go to TipRanks’ Stock Analysis page.