NOA Lithium Brines Inc. Stock Analysis NOAL.V

NOA Lithium Brines, Inc. engages in the exploration of lithium and minerals. The company is headquartered in Calgary, Alberta. The company went IPO on 2018-05-23. The Company’s projects are located in the heart of the prolific Lithium Triangle, in the province of Salta, Argentina. The company has lithium brine claim portfolios in this region that are not owned by a producing company, with key positions on three prospective salars, being Rio Grande, Arizaro, Salinas Grandes, and totaling over 140,000 hectares (ha). The Rio Grande Project is its flagship asset, with a resource estimate of approximately 4.7 million tons of lithium carbonate equivalent (LCE) at an average lithium concentration of 525 milligrams per liter. The company controls a 100% interest in approximately 37,000 ha of claims located at the Rio Grande Salar in Salta Province, Argentina. The firm controls a 100% interest in approximately 78,000 ha of claims located at the Arizaro Salar in Salta Province, Argentina. The company controls a 100% interest in approximately 10,200 ha of claims located at the Salinas Grandes Salar.