Interview with Gabriel Marcelo Rubacha, Director & CEO of NOA Lithium Brines Inc.

Our previous interview: https://www.cruxinvestor.com/posts/no...

Recording date: 6th March 2024

NOA Lithium Brines is a compelling speculative investment opportunity for investors seeking exposure to the rapidly growing lithium market. The company's flagship Rio Grande project is located in the renowned Lithium Triangle of Argentina, Chile, and Bolivia, which holds over half of the world's lithium resources.

Argentina is quickly emerging as a top jurisdiction for lithium development, with a favorable policy environment and strong government support. NOA Lithium Brines is well-positioned to capitalize on this opportunity, with its lithium brine project in the Salta province, a key lithium hot spot.

The company has made rapid progress since its IPO just a year ago, delivering a maiden resource of 2.3 million tonnes of lithium carbonate equivalent (LCE). Notably, this resource estimate covers only 12% of the company's properties, highlighting the immense exploration upside. NOA plans to aggressively expand the resource in 2024 through a major drilling campaign, targeting a doubling of the current resource base.

As NOA advances the Rio Grande project, it has the flexibility to pursue either traditional evaporation ponds or direct lithium extraction (DLE) technology, given the attractive lithium concentrations in its brines. The company is also proactively securing a sustainable water supply by identifying sources within its own properties.

Looking ahead, NOA is targeting several key milestones in 2024 that could drive a re-rating of the stock. These include significant resource growth from drilling, progress on lithium process engineering, and confirmation of water sources. Drill results will be a key news flow item to watch in the coming months.

The investment thesis for NOA Lithium Brines rests on its exposure to the high-growth lithium market, prospective Argentinian brine assets, substantial exploration upside, flexibility in processing options, and potential for near-term catalysts. While the lithium market's volatility and the company's early-stage nature present risks, the current valuation offers an attractive entry point with significant upside potential.

In conclusion, for investors looking for a speculative play on the lithium market's growth, NOA Lithium Brines presents a timely opportunity. The company's prospective asset base, resource expansion potential, and upcoming catalysts make it a lithium developer to watch. While not without risks, the stock's current valuation arguably reflects limited credit for the company's progress to date and future growth potential.

View NOA Lithium's company profile: https://www.cruxinvestor.com/companie...

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