About NOAL

Founded: n/a
Employees: n/a
CEO: Gabriel Rubacha
WebsiteView website: www.noalithium.com

NOA Lithium Brines Inc. engages in exploration and evaluation of mining assets in Argentina. It explores for lithium deposits. The company holds 100% interest in the Rio Grande project, which covers an area of approximately 37,000 hectares; the Arizaro project covering an area of 78,000 hectares; and the Salinas Grandes project, which covers an area of 10,200 hectares located in the Salta Province. NOA Lithium Brines Inc. is based in Toronto, Canada.

Recent NOAL News & Updates

New Risk • Apr 07

New minor risk - Shareholder dilution

The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (CA$59.4m market cap, or US$42.7m).

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New major risk - Financial position

New minor risk - Shareholder dilution

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