NOA Lithium Expands Private Placement to C$5.5 Million

NOA Lithium Brines Inc. has announced an upsize of its private placement, raising the gross proceeds from C$4 million to C$5.5 million due to significant investor interest. The company, listed on TSXV, stated that Red Cloud Securities Inc. will purchase and resell 21,153,847 units at C$0.26 per unit.

Each unit includes one common share and a purchase warrant, allowing holders to buy another share at C$0.40 within 36 months post-closing. Red Cloud also holds an option to purchase an additional 3,846,154 units for approximately C$1 million. The funds will advance NOA's Rio Grande Project in Argentina and support corporate needs.

The offering, set to close December 1, 2025, complies with Canadian and U.S. securities laws, and specific exemptions allow immediate tradeability in Canada and elsewhere. An amended offering document will be available on SEDAR+ and NOA's website.