NOA Lithium
Primary ticker: TSXV:NOA
Stage of development: Exploration
Primary minerals: Lithium
Project to promote: Rio Grande
Project location: Argentina
Website:www.noalithium.com
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 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 a very large and impressive lithium brine claim portfolio, with key positions on three prospective salars (Rio Grande, Arizaro, Salinas Grandes) and totaling approximately over 140,000 hectares.
NOA is committed to sustainable and responsible exploration and business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which the Company operates.
Major shareholders:
46.6% private investors
16.5% founders
20.4% seed capital
16.4% insiders
Financials
Management Profile
Gabriel Rubacha has more than 30 years of management and leadership experience, both local in Argentina and internationally. Between 2017 and 2021 he was President of South American Operations at Lithium Americas Corp (LAC) and CEO of Minera Exar, its Argentinian operation, as well as member of LAC’s board from 2016 until 2021. Before that, he spent 25 years at Techint Engineering & Construction, where his most recent role was Managing Director for the Southern Cone and member of the corporate board and in subsidiaries, among many leadership positions in Argentina and Chile, including leading Mega-Projects. Gabriel is an Aeronautical Engineer and has an MBA. He also attended The Executive Program at Darden Business School (University of Virginia) and Finance for Senior Executives at Harvard Business School.
What is your rationale for taking part in 121 Mining Investment?
– NOA recently entered into a strategic investment agreement with Clean Elements Ltd., with CAD $13.5 million in gross proceeds. Additionally, the company will raise CAD $2.7 million in a private placement under the same conditions included in the recent agreement.
– Most of the company’s investors are from Argentina. We want to diversify the investor profile with retail and institutions worldwide.
What recent news would you like to highlight to investors attending?
What are your key goals in 3 months, 6 months, 12 months?
6 Months:
– Continue exploration at Rio Grande to include pumping wells and water sources for project development.
– Process Engineering.
– Get to a PEA (Preliminary Economic Assessment) in 2025.
– Unlock value for Arizaro and Salinas Grandes.
What are the top 3 key investor takeaways?
* NOA is the newest player in the most prolific lithium-producing district in the world – The Lithium Triangle. The company went public in Q1 2023 in the TSXV: NOAL.
* Lithium salars are among the world’s highest-grade, lowest-cost operations. NOA controls a package of 100,000+ hectares with key positions on three salars, all in the mining-friendly Salta Province of Argentina.
* NOA’s portfolio includes significant positions at three prospective salars: Rio Grande (Flagship), Arizaro, and Salinas Grandes. The company recently updated its resource estimate to a total of 4.7 Mt of LCE at 525 mg/l average lithium concentration.