NOA Lithium Brines Inc. (TSXV: NOAL.V) (OTC: NLIBF)* has emerged as one of the top performers in the mining sector, with shares skyrocketing almost 150% in the last six months. This remarkable run has caught the attention of investors wondering what’s driving this surge in an otherwise challenging lithium market.
Recent developments in the renewable energy sector have reignited interest in lithium producers. Construction has begun on $700 million worth of Tesla Megapack battery energy storage systems in Georgia, delivering 765MW of capacity across four sites. One twitter postt noted that “There is NO COBALT in a lithium iron phosphate battery (LFP). LFP is the chemistry currently being deployed at scale for grid storage.” This shift toward LFP batteries for grid applications may serve as a favorable outlook for lithium carbonate mining firms like NOA.
Adding to the momentum, mining industry publication Mining Charts recently named NOA Lithium as its “Breakout Candidate.” Their analysis highlighted NOA’s strategic positioning with three projects in the ‘lithium triangle,’ all located in Argentina. The company controls over 100,000 hectares while still in the exploration and development stage. Most notably, the Rio Grande project boasts a resource of 4.7 million tons LCE at 525 mg/L, with a Preliminary Economic Assessment expected later this year.
This recognition comes at a time when the lithium sector is seeing renewed interest from major players, as evidenced by Rio Tinto’s recent $6.7 billion acquisition of Arcadium Lithium in October 2024.
In a recent interview , NOA’s CEO Gabriel Rubacha outlined the company’s strategic approach. According to the interview, NOA controls three projects spanning 140,000 hectares in Argentina’s Salta province. Their flagship Rio Grande project features a high-grade 4.7Mt LCE resource and is advancing toward a Preliminary Economic Assesment (PEA) third quarter this year, led by engineering firm Hatch. The company plans to use conventional evaporation methods thanks to the high concentrations found at Rio Grande.
The interview also highlighted NOA’s lean operating model, strong insider ownership that has contributed to a 58% year-to-date stock rise, and plans for scalable production from 20,000 to 40,000 tonnes per annum. The cost-effectiveness of salar brines for producing lithium carbonate used in LFP batteries was emphasized as a key advantage.
NOA has consolidated one of the largest lithium brine claim portfolios not owned by a producing company in the Lithium Triangle. In December 2024, the company completed final property payments for Rio Grande, securing 100% ownership of all claims within the project. This milestone significantly strengthens NOA’s position as it moves toward development.
The company has been hitting important milestones in rapid succession. In December 2024, NOA secured a C$13.5 million strategic investment from Clean Elements Ltd., which recently increased its position through additional market purchases in March 2025. In April 2025, the company mobilized a drilling rig for its water exploration campaign at Rio Grande, a critical component for project development. Most recently, on April 16, 2025, NOA appointed Hatch Limited to lead the PEA for the Rio Grande Project, with results anticipated in Q3 2025.
These developments are occurring against a backdrop of growing lithium demand, projected to more than double by 2030. Industry experts estimate approximately 52 new lithium mines will be needed globally to meet this demand.
As NOA Lithium continues to advance its development strategy in this favorable environment, many market observers believe the recent share price performance may be just the beginning. With substantial resources, technical validation, strategic financial backing, and multiple catalysts on the horizon, the market’s enthusiasm for this emerging lithium developer appears well-founded.
*This report was written and has been published on behalf of NOA Lithium Brines. Nothing in this report constitutes financial or investment advice, nor does it represent an offer to buy or sell securities. The authors are not registered brokers, dealers, or investment advisers. This report contains paid promotional content related to Noa Lithium Brines and was produced as part of their paid subscription to the Wall Street Wire distribution network and promotional content platform. Readers are advised to refer to Noa Lithium’s news releases and the issuers full financial and regulatory filings.
Nice, never heard of this until now but definitely seems like an interesting company to watch!