NOA Lithium Announces Strategic Arrangement with Hatch

Executive Summary

• NOA Lithium Brines Inc. has entered into a strategic arrangement with Hatch Ltd. to issue common shares valued at approximately USD $100,000 in exchange for services rendered for the Rio Grande project's Pre-PFS Process Development Study.
• The equity-based compensation aligns Hatch's financial interests with NOA's development pathway, reinforcing external confidence in the project while enabling the company to advance critical technical workstreams toward a Preliminary Feasibility Study (PFS) with disciplined capital allocation.
• The transaction is subject to customary conditions, including receipt of all required corporate and regulatory approvals, notably explicit approval from the TSX Venture Exchange.

Key Details

• Counterparty: Hatch Ltd. (arm's length global engineering and professional services firm)
• Transaction Value: Approximately USD $100,000 in common shares
• Pricing Mechanism: Shares will be issued at a price per common share determined by the 5-day volume weighted average price (VWAP) of NOA shares on the TSX Venture Exchange prior to the issuance date.
• Purpose of Services: Hatch's work covers the Pre-PFS Process Development Study for the Rio Grande project in Salta Province, Argentina, which compares the baseline evaporation pond flowsheet against alternative process configurations incorporating direct lithium extraction (DLE) testwork and concept-level process design.
• Share Restrictions: All common shares issued to Hatch will be subject to statutory hold periods and resale restrictions in accordance with applicable securities laws and stock exchange policies.
• Conditions Precedent: Completion remains subject to customary corporate and regulatory approvals, including TSX Venture Exchange approval.
• Project Context: The study aims to inform the development and execution of NOA's PFS, evaluating technology options to improve decision-making and strengthen the technical foundation for the Rio Grande project.

Notable Quotes

• Gabriel Rubacha, CEO: "We are very pleased to welcome Hatch as an investor in NOA. Aligning a portion of the Study's cost with an investment by Hatch reinforces their confidence in the Rio Grande project and in our development pathway. This arrangement supports our goal of advancing key technical workstreams toward the PFS while maintaining disciplined capital allocation."
• Conrad Blake, Managing Director - Minerals, Hatch: "Hatch is pleased to support NOA's continued advancement of the Rio Grande Project. We see significant value in disciplined, data-driven process development work at this stage, and we believe the Study can help clarify technology options and improve decision-making as NOA progresses toward a PFS."