NOA Lithium Brines Inc. Extends Warrants and Amends Property Agreements

NOA Lithium Brines Inc. has received approval from the TSX Venture Exchange to extend the term of certain share purchase warrants. These include 36,817,300 warrants with a new expiry date of March 3, 2026, previously dated for March 3, 2025, among others. Additionally, NOA has renegotiated terms on property agreements at its Arizaro and Salinas Grandes projects in Argentina, securing full ownership of several claims within these projects.

Negotiations led to revised payments for various properties. For instance, the Alba X Property final payment was reduced to $200,000 in cash. Similar adjustments were made for other claims, allowing NOA to conserve cash for further development. Notably, a 3% net smelter royalty re-purchase was reduced from $1,000,000 to $500,000, extending the expiration date to September 2027.

Chief Executive Officer Gabriel Rubacha highlighted these adjustments as crucial responses to current lithium market conditions, helping consolidate NOA's strategic project positions. These efforts align with the company's development strategy for its flagship Rio Grande Project.