NOA Lithium Brines Inc. has made a pivotal discovery at its Rio Grande Project in Argentina's Lithium Triangle, uncovering a fresh water source within the project's boundaries. This development is instrumental for the lithium brine project, as industrial water access is a key challenge in the arid regions where lithium salars are located. The presence of an on-site water source could substantially lower both capital and operational expenses related to water procurement and transportation.
Gabriel Rubacha, CEO of NOA, emphasized the strategic value of this water discovery, pointing out its closeness to zones with the highest lithium concentrations and the intended sites for production facilities and evaporation ponds. The water well, reaching a depth of 190 meters in the project's northern area, is among three identified fresh water targets, indicating the possibility of additional water resource discoveries.
Located in Salta Province, Argentina, the Rio Grande Project benefits from the region's reputation for high-grade, cost-effective lithium operations. NOA is progressing towards an initial production capacity of about 20,000 metric tonnes annually of lithium carbonate equivalent, with plans to potentially double this output. This advancement aligns with the escalating global demand for lithium, fueled by the rise in electric vehicle usage and the need for energy storage solutions.
The identification of on-site fresh water at the Rio Grande Project represents a critical milestone for NOA Lithium Brines Inc., reinforcing its position as a promising future lithium producer in Argentina.
