Management's participation in the Warrant Exercise is indicative of its continued commitment and endorsement of the Company, and Management expects that other founding shareholders of the Company holding such Warrants will follow the same path.
NOA's Chief Executive Officer,
Corporate Update & Acquisition
The exploration drilling campaign at our Rio Grande project continues as planned. Hole RG23-004 (4 th well) at the El Camino claim located in the northeast of the Rio Grande's salar is well advanced and a second drilling rig will be mobilized and start drilling this week at the Juana Azul claim where hole RG23-005 (5 th well location) is located. Results from these two holes is expected before the end of this year and will be included in our maiden resource estimate to be released in early 2024.
The Company has also recently acquired 1,562 hectares in and to a mining property (the 'Assets') located in Antofagasta de la Sierra, Province of Catamarca,
Consideration Calculation : Pursuant to the Purchase Agreement, on the required payment date(s), the Company will issue shares to the Vendor equal to the required payment amount divided by the greater of the following share prices of the Company's shares (i) on the previous days' closing market price of the Company shares as listed and posted on the
Except as otherwise stated above, all amounts disclosed in this press release are expressed in Canadian dollars.
About
NOA is a lithium exploration and development company formed to acquire and develop assets with significant resource potential. All NOA's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of
Contact:
Tel: +54-9-11-5060-4709
Email: info@noalithium.com
Cautionary Note Regarding Forward-Looking Statements
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking statements. Forward-looking statements including, but not limited to NOA's future plans and objectives regarding its projects, which constitute forward looking information that involve various risks and uncertainties. Although NOA believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. NOA does not assume any obligation to update any forward-looking statements except as required under applicable laws.
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