Feb. 22 at 4:25 PM
$NOAL.TSXV
$NOAL.TSXV /
$NLIBF
Flying under the radar.. Follow the EXAR Team’s hidden gem.
Management: CEO Gabriel Rubacha (Ex-Pres. S.American Ops @ LAC) & Hernán Zaballa (VP Minera Exar) - involved in Caucharí-Olaroz build out.
Resource: 4.7M Tonnes LCE @ 525 mg/L Li. High-grade intercepts up to 790+ mg/L.
2026 Catalysts:
•PFS : Pre-Feasibility Study officially started; completion targeted for Q4 2026.
• Water Balance (Q1 2026): Critical hydro-modeling report due in the next few months.
• Arizaro Upside: NOAL owns a second project twice the size of Rio Grande. Looking for a strategic partner in 2026 to unlock value without dilution - JV/Spin-out candidate for 2026.
• Economics: PEA confirms Post-Tax NPV(8%) of
$1.27B with a 22.6% IRR (based on 20ktpa LCE).
Tight Cap Structure: ~31% held by strategic partner Clean Elements. Insiders own ~24% + actively participating in exercising warrants / skin in the game.
Early days but an asymmetric bet w great R/R here.