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NOA Lithium Acquires New Claims At Its Flagship Rio Grande Project
March 29, 2023, Toronto, Ontario – NOA Lithium Brines Inc. (TSX-V: NOAL) (“NOA” or the “Company”) is pleased to announce that it has recently acquired two mining claims covering 896 hectares (“ha”) at the Rio Grande salar, located in Salta province, Argentina.
One of the claims, the Purita claim (“Purita”), is 60 ha and lies directly within surface salar, immediately adjacent to claim blocks controlled by NOA and surrounded by claims owned by Pluspetrol Resources Corporation, which host an existing lithium resource (see “About Rio Grande Project” below). NOA acquired Purita by winning the public tender to purchase the claim for a cost of US$330,000 in instalments over one year from Recursos Energeticos Y Mineros De Salta S.A. (“REMSA”, the state-owned mining company of Salta). REMSA retains a 2% NSR royalty on this claim which is purchasable by the Company for a cost to be negotiated prior to purchase.