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An update from NOA Lithium Brines Inc ( (TSE:NOAL) ) is now available.
NOA Lithium Brines Inc. announced positive results from the Preliminary Economic Assessment (PEA) for its Rio Grande Project in Argentina, indicating strong economic potential. The project is expected to produce up to 40,000 tonnes per annum of battery-grade lithium carbonate, with a pre-tax net present value of $2.065 billion for a single 20,000 tpa operation. The study suggests a 30-year mine life with robust project economics and a low technical risk due to the use of conventional evaporation pond processes. The company is also considering an alternative production method for lithium chloride, which may reduce initial capital expenditures and development risks.
More about NOA Lithium Brines Inc
NOA Lithium Brines Inc. operates in the lithium industry, focusing on the exploration and development of lithium brine projects. The company is primarily engaged in producing battery-grade lithium carbonate, with a market focus on leveraging Argentina’s rich lithium resources.
Average Trading Volume: 115,143
Technical Sentiment Signal: Buy
Current Market Cap: C$75.35M
See more data about NOAL stock on TipRanks’ Stock Analysis page.