NOA Lithium Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$4.0 Million

Executive Summary

• NOA Lithium Brines Inc. entered into an underwriting agreement with Red Cloud Securities to sell 15,384,616 units at C$0.26 per unit in a bought‑deal private placement, targeting gross proceeds of ~C$4 million.
• Each unit consists of one common share and one warrant (exercise price C$0.40, exercisable for up to 36 months after closing).
• An over‑allotment option allows Red Cloud to purchase up to an additional 3,846,154 units for up to ~C$1 million, potentially raising total proceeds of ~C$5 million.
• Net proceeds are earmarked for advancing the Rio Grande lithium brine project in Salta Province, Argentina, and for general corporate purposes and working capital.

Key Details

• Units Offered: 15,384,616 units (each = 1 common share + 1 warrant).
• Offering Price: C$0.26 per unit.
• Gross Proceeds (Base Offering): Approximately C$4,000,000.
• Over‑Allotment Option: Up to 3,846,154 additional units at the same price, for up to ~C$1,000,000 extra proceeds.
• Warrant Terms: One warrant per unit; each warrants the right to purchase one common share at C$0.40, exercisable any time up to 36 months after the closing date.
• Closing Date: Expected on or about November 20, 2025 (subject to customary conditions and TSX Venture Exchange approvals).
• Use of Proceeds: Advancement of the Rio Grande Project in Salta Province, Argentina; general corporate purposes; working capital.
• Regulatory Framework: Offered under NI 45‑106 private placement exemptions in Canada; U.S. investors only via applicable securities law exemptions; no prospectus required in other jurisdictions.
• Trading Rights: Units sold to Canadian purchasers expected to be freely tradeable immediately; units sold outside Canada not subject to a four‑month hold period under ASC Rule 72‑501.
• Underwriter/Bookrunner: Red Cloud Securities Inc., acting as sole underwriter and bookrunner, with an option to purchase additional units up to 48 hours before closing.

Notable Quotes

(No direct quotes were provided in the release.)