NOA Lithium Announces Additional Warrant Exercises For $4,355,603

Executive Summary

• Management and founding shareholders exercised 21,778,014 common share purchase warrants at $0.20 per share, generating $4.36 M in cash.
• Total warrant exercises over the prior 60 days amount to ~29.43 M warrants for ≈$5.89 M in cash, with roughly half exercised by insiders.
• Proceeds will be used to advance NOA’s lithium projects (including Rio Grande pre‑feasibility) and for general corporate working capital.

Key Details

• Warrant Exercise Amount: 21,778,014 warrants @ $0.20 per share → $4,355,603 cash received.
• Cumulative Activity (60 days): ~29,430,014 warrants exercised → ≈$5,886,003 cash total.
• Insider Participation: Approximately 50% of the cumulative warrants (~2,912,400 USD) were exercised by management and founding shareholders.
• Use of Proceeds: Advance lithium projects (e.g., Rio Grande pre‑feasibility study) and general corporate working capital.
• CEO Quote: Gabriel Rubacha highlighted strong internal alignment, commitment from founders/management, and the cost‑effective nature of the capital raise to support project timelines.

Notable Quotes

“These warrant exercises reflect strong internal alignment and continued support for NOA's strategy… These proceeds strengthen our treasury and provide cost-effective capital to advance Rio Grande into pre‑feasibility within our planned timeframe.” – Gabriel Rubacha, CEO & Director