NOA Lithium Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$5.5 Million

Executive Summary

• NOA Lithium Brines Inc. upsized its previously announced bought‑deal private placement from C$4 million to C$5.5 million due to strong investor demand.
• Red Cloud Securities will purchase 21,153,847 units at C$0.26 per unit, each unit consisting of one common share and one warrant (exercise price C$0.40, exercisable for up to 36 months).
• An over‑allotment option allows Red Cloud to buy up to an additional 3,846,154 units for up to ~C$1 million, potentially bringing total gross proceeds to ≈C$6.5 million.

Key Details

• Units Offered: 21,153,847 (initial) + up to 3,846,154 under over‑allotment.
• Offering Price: C$0.26 per unit.
• Gross Proceeds Target: C$5.5 million (initial) → up to ≈C$6.5 million with over‑allotment.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Exercise price C$0.40 per share; exercisable any time up to 36 months after the Closing Date.
• Underwriter/Bookrunner: Red Cloud Securities Inc., sole underwriter with an option to purchase additional units up to 48 hours before closing.
• Use of Proceeds: Advancement of the Rio Grande Project in Salta Province, Argentina; general corporate purposes and working capital.
• Closing Date: Expected on or about December 1, 2025 (subject to customary conditions and TSX‑V approvals).
• Regulatory Framework: Offered under NI 45‑106 exemptions for Canadian provinces, U.S. Securities Act exemption for U.S. persons, and ASC Rule 72‑501 for non‑Canadian investors; no prospectus required in those jurisdictions.
• Trading: 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 rules.

Notable Quotes

• “The strong investor demand underscores confidence in our Rio Grande Project and the broader lithium opportunity in Argentina,” – Gabriel Rubacha, CEO & Director.