en.Wedoany.com Reported - NOA Lithium has signed a preliminary agreement with Summit Explore Corporation to advance the development of the Arizaro lithium project in Salta Province, Argentina. Under the option and future joint venture arrangement, Summit can acquire a 60% interest in the project, while NOA retains the remaining 40%.

This agreement is the latest move in the Canadian company's growth strategy in the "Lithium Triangle," aimed at accelerating the technical development of the Arizaro project. Alongside the Río Grande project, it is considered a key asset in its portfolio. Under the agreement, Summit Explore must prepare a preliminary economic assessment in accordance with international standards by August 2027 and make a capital investment of $750,000 to NOA Lithium upon completion of the study. Subsequently, the company must complete a pre-feasibility study and pay an additional $2.75 million within 24 months after the signing of the final agreement. Once these commitments are fulfilled, the parties will form a joint venture to continue project development, with Summit serving as the operator.

As part of the agreement, representative brine samples from Arizaro will be evaluated at Summit's pilot plant in Santiago, Chile. The assessment aims to analyze compatibility with the denaLi™ technology, a direct lithium extraction system designed to maximize mineral recovery, reduce water consumption, and improve operational efficiency. The Arizaro project will also be integrated into Summit's broader strategy, which seeks to consolidate different brine resources in Salta Province to establish a centralized direct extraction facility with an annual capacity of 5,000 tonnes of lithium carbonate. This model aims to optimize costs and enhance the economic viability of projects through shared infrastructure. The signing of this agreement reinforces the parties' interest in continuing lithium resource development in Salta Province, as global demand for critical minerals continues to drive new investments and strategic alliances in the region.

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