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NOA Lithium Brines Secures $13.5 Million Investment from Clean Elements

NOA Lithium Brines Inc. has announced a strategic non-brokered private placement, securing $13.5 million from investor Clean Elements Ltd. This investment involves the issuance of 79,411,764 units comprising common shares and purchase warrants. Each warrant allows the purchase of a common share at $0.221 for 30 months.

Clean Elements, aiming to develop high-performing lithium assets, will acquire approximately 36.7% of NOA's common shares. The investment supports NOA's exploration and development activities in Argentina's lithium projects.

The Offering's completion is set for December 10, 2024, dependent on shareholder and regulatory approvals. The private placement plans to raise an additional $2.7 million. Concurrently, NOA plans to extend certain warrants' expiration by up to a year.

R. E.

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