Original News Release
NOA Lithium receives $4.35M from warrant exercise
Mr. Gabriel Rubacha reports
NOA LITHIUM ANNOUNCES ADDITIONAL WARRANT EXERCISES FOR $4,355,603
Further to its Jan. 7, 2026, and Feb. 10, 2026, new releases regarding certain warrant exercises, management and certain founding shareholders of NOA Lithium Brines Inc. who hold common share purchase warrants exercisable at 20 cents per common share of the company have exercised 21,778,014 warrants for gross proceeds of $4,355,603 in cash. The proceeds from the warrants exercise will be used to advance the company's projects and for general corporate working capital.
During the past 60 days, more than 29,430,014 warrants exercisable at 20 cents have been exercised, providing the company with approximately $5,886,003 in cash. Approximately 50 per cent ($2,912,400) of these warrants have been exercised by management of the company.
NOA's chief executive officer and director, Gabriel Rubacha, stated: "These warrant exercises reflect strong internal alignment and continued support for NOA's strategy, and it reflects a strong commitment from the founding shareholders and management. These proceeds strengthen our treasury and provide cost-effective capital to advance Rio Grande into prefeasibility within our planned time frame."
About NOA Lithium Brines Inc.
NOA is a lithium exploration and development company formed to acquire assets with significant resource potential. All of NOA's projects are located in the heart of the prolific Lithium Triangle in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations owned by some of the largest players in the lithium industry. NOA has rapidly consolidated one of the largest lithium brine claim portfolios in this region that is not owned by a producing company, with key positions on three prospective salars, being Rio Grande, Arizaro and Salinas Grandes, and totalling over 140,000 hectares.
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