NOA Lithium Revises Warrant Terms, Launches Incentive Program

NOA Lithium Brines Inc. has announced plans to amend the terms of 91,312,541 outstanding common share purchase warrants. Initially issued in late 2025, these warrants will see their exercise price reduced from $0.221 to $0.20 during a designated Incentive Exercise Period. Additionally, the expiry date will be extended by one year, contingent on approval from the TSX Venture Exchange (TSXV).

The new incentive program allows warrant holders to exercise their warrants from November 11 to December 16, 2026. Participants will receive one common share per warrant and an additional warrant to purchase a share at $0.22, valid for three years. Unexercised warrants retain the previous terms but will not earn extra warrants after the Incentive Exercise Period.

The move aims to enhance capital for advancing NOA's Rio Grande project and general working capital. Approval from TSXV is pending, with certain insider participation conditions already outlined.