08:32 AM EST - NOA Lithium Brines Inc. : Announced that the Company and Summit Explore Corporation, an arm's length party and subsidiary of Summit Lithium Technologies, have entered into an indicative non-binding term sheet for an option and joint venture arrangement with Summit Explore covering NOA's Arizaro lithium brine property in Salta province, Argentina. Pursuant to the Agreement and as further set out below, Summit Explore can earn an undivided 60% interest in the Project by completing technical studies and making a defined cash and equity investment in NOA, with NOA retaining the remaining 40% in the Project. Summit Explore and NOA aim to enter into a definitive agreement as soon as possible to govern this earn-in option on the Project. NOA Lithium Brines Inc.
shares V.NOAL are trading up 1 cent at $0.24.
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