NOA Lithium Reports TSX Venture Approval for Archibarca Option Agreement
NOA Lithium received TSX Venture Exchange approval for an option to purchase Archibarca II and Archibarca III, covering 3,236 hectares south of its Rio Grande Project.
NOA Lithium Brines Inc. said the TSX Venture Exchange has approved an option to purchase agreement covering the Archibarca II and Archibarca III properties in Salta, Argentina. The properties are located south of the company’s Rio Grande Project and cover 3,236 hectares.
The agreement, dated May 5, 2025, was made with an arm’s-length party. NOA Lithium referred to the approval in an announcement dated October 26, 2026, following a press release dated May 8, 2026.
The approval relates to the company’s option to purchase the two properties. The company said the purpose of the arrangement is to assess whether the properties may provide additional water sources for the Rio Grande Project and to support future development planning. The announcement does not confirm that an additional water source has been established.
Under the agreement, NOA Lithium made cash payments of USD $150,000 to the arm’s-length party. It also issued 226,850 common shares at a price of $0.30 per common share.
NOA Lithium said no net smelter royalty exists on the properties and that no finder’s fees were paid for the transaction.
NOA Lithium describes itself as a lithium exploration and development company established to acquire assets with significant resource potential. The company’s projects are located in the Lithium Triangle, in Salta province, Argentina.
The company said its holdings include positions on the Rio Grande, Arizaro and Salinas Grandes salars, totalling over 140,000 hectares. The shares are identified in the announcement by the symbols TSXV:NOAL and Frankfurt:N7N.
NOA Lithium cautioned that statements about future activities and outcomes involve risks and uncertainties. It identified factors including exploration drilling results, further brine process testing and exploration risks.
The company said actual results and future events could differ materially from anticipated outcomes and warned readers not to place undue reliance on forward-looking information. It also said the assumptions used in preparing that information may prove incorrect.
NOA Lithium Brines Inc. announced that the TSX Venture Exchange had approved its option to purchase agreement for the Archibarca II and Archibarca III properties. The properties are located south of the company’s Rio Grande Project and total 3,236 hectares.
The TSX Venture Exchange approved the option agreement before NOA Lithium Brines Inc.’s announcement on October 26, 2026. The agreement is dated May 5, 2025, and the company also referred to a press release dated May 8, 2026.
NOA Lithium Brines Inc. received approval for an option to purchase the properties known as Archibarca II and Archibarca III. They are located south of the company’s Rio Grande Project and cover 3,236 hectares in total.
NOA Lithium Brines Inc. said the objective is to evaluate potential additional water sources for the Rio Grande Project and provide optionality for future development planning. The release does not state that any additional water source has been confirmed.
NOA Lithium Brines Inc. made cash payments of USD $150,000 to the arm’s-length party under the option agreement.
NOA Lithium Brines Inc. issued 226,850 common shares at a price of $0.30 per common share to the arm’s-length party.
NOA Lithium Brines Inc. said no net smelter royalty exists on the properties and that no finder’s fees were paid for the transaction.
NOA Lithium Brines Inc. said all of its projects are located in the Lithium Triangle, in the province of Salta, Argentina. Its positions are on the Rio Grande, Arizaro and Salinas Grandes salars and total over 140,000 hectares.
NOA Lithium Brines Inc. describes itself as a lithium exploration and development company formed to acquire assets with significant resource potential. The company focuses on lithium brine claims in Salta, Argentina.
NOA Lithium Brines Inc. is identified in the release as trading on the TSX Venture Exchange under TSXV:NOAL and in Frankfurt under Frankfurt:N7N.
NOA Lithium Brines Inc. cautioned that forward-looking statements involve risks and uncertainties, including the results of exploration drilling, further brine process testing and exploration. The company said actual results and future events could differ materially from those anticipated and advised readers not to place undue reliance on forward-looking information.