FAQ: NOA Lithium's Critical Water Discovery at Rio Grande Project

What is the significance of the water discovery at the Rio Grande Project?

The discovery of a fresh water source on-site eliminates a significant hurdle in the development of the Rio Grande Project, as access to industrial water is crucial for lithium brine projects in arid regions.

How does the water discovery impact the project’s development timeline?

By securing a fresh water source within its property, NOA Lithium can avoid the time-consuming and expensive process of securing water rights and sources, potentially accelerating the project’s advancement toward production.

Where is the Rio Grande Project located?

The Rio Grande Project is located in Argentina’s Lithium Triangle, specifically in the Salta Province, which is known for its high-grade, low-cost lithium operations and mining-friendly jurisdiction.

What are the expected production capacities of the Rio Grande Project?

The project is designed for an initial production capacity of approximately 20,000 metric tonnes per year of lithium carbonate equivalent, with the potential to double that capacity through modular expansion.

Who is the Chief Executive Officer of NOA Lithium Brines Inc.?

Gabriel Rubacha is the Chief Executive Officer of NOA Lithium Brines Inc.

What strategic advantages does NOA Lithium have in the Lithium Triangle?

NOA Lithium holds one of the largest lithium brine claim portfolios in the region, with over 140,000 hectares across three prospective salars, positioning it alongside industry leaders in a prime location for lithium extraction.

When is the Preliminary Economic Assessment (PEA) for the Rio Grande Project expected?

The PEA for the Rio Grande Project is expected in Q3 2025.

How does the water discovery affect the project’s economic assessment?

The on-site water source could reduce both capital and operating costs associated with water procurement and transport, adding tangible value to the project’s economic assessment.

What makes the Salta Province a favorable location for lithium projects?

Salta Province is recognized as one of Argentina’s most mining-friendly jurisdictions, offering proximity to high-grade lithium operations and a supportive environment for mining activities.

What is the potential impact of NOA Lithium’s advancements on the global lithium supply chain?

NOA Lithium’s steady advancement of the Rio Grande Project positions it as an emerging player in the lithium supply chain, meeting the growing global demand driven by electric vehicle adoption and energy storage requirements.