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NOA Lithium Announces Collaboration With Drilling Contractor in Argentina

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NOA Lithium Brines (NOAL.V) has formalized a collaboration framework with Argentina's Hidrotec, one of the country's most experienced drilling contractors in the lithium brine sector, the company said on Tuesday.

The collaboration is expected to launch with the first two rotary wells for NOA's flagship Rio Grande project in Salta Province, Argentina. The parties may also explore additional forms of collaboration, including potential commercial participation.

"Formalizing this collaboration with Hidrotec is an important step in strengthening our execution capacity in Argentina," said NOA chief executive Gabriel Rubacha.

NOA Lithium shares were last seen up $0.01, to $0.34, on the TSX Venture Exchange.

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