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(Kitco News) - On Wednesday Singh spoke to Kitco.
NOA Lithium Brines (TSX-V:NOAL) is advancing a project in the Lithium Triangle, the expansive salt flats located in South America. The Lithium Triangle holds over 50% of the world's current lithium resources. Livent, Allkem, Lithium Americas, Ganfeng, SQM and Albemarle all operate in the area.
"Virtually all the players are in Lithium Triangle," said Singh. "For the past couple of years NOA Lithium put together a portfolio which I think a lot of the majors in mid tiers wished that they could get their hands on."
NOA's project is located in the Argentina portion of the triangle. Before starting NOA Singh was former founding and lead director at GT Gold. He was also founding CEO of Discovery Silver, which he led for over 5 years. NOA's chair is Hernán Miguel Zaballa, co-founder of AbraSilver Resource which is focused on precious metal assets in Argentina. Singh said the AbraSilver team have been doing deals in Argentina for over 30 years.
"They acquired [the assets] before lithium rocketed up in price," said Singh adding that the size and location of NOA's assets are worth much more than the current enterprise value of the company."
