NOA Lithium and CDN Maverick Amend Nevasca Property Agreement and Payment Terms

BUENOS AIRES, ARGENTINA / ACCESSWIRE / June 21, 2024 / NOA Lithium Brines Inc. (TSX-V:NOAL) announced a revision to its property agreement with CDN Maverick Capital Corp. for the Nevasca property. The amended agreement settles a previous cash and shares payment to instead include $50,000 in cash and $450,000 in common shares at $0.30 per share. NOA has already fulfilled this payment by issuing 2,064,750 common shares.

The Chascha Norte Claim, part of NOA's 78,000-hectare Arizaro Project in the Salta Province, remains a key focus. All other terms of the original agreement remain unchanged.

CEO Gabriel Rubacha highlighted the upside for CDN's increased participation. The move follows the expansion of NOA's resource estimate to 3.8M tonnes of LCE at an average concentration of 535 mg/l in the Rio Grande Project. Rubacha emphasized ongoing evaluations for partnerships in the Arizaro project to add value for shareholders.