Nevasca Lithium Project
Nevasca is CDN Maverick’s sale transaction and retained-exposure example in Argentina’s Salar de Arizaro. CDN transferred the Nevasca property into NOA Lithium Brines’ Arizaro platform and retained exposure through NOAL securities and a 3% NSR royalty right, while James Bay / Nottaway remains the company’s active operating focus.
Transaction Type
Sale transaction with retained exposure
Property Transferred
Nevasca Lithium Project / Chaschas Norte claim
Location
Salar de Arizaro, Salta Province, Argentina
Retained Securities
407,500 NOAL shares + 3,296,470 NOAL warrants as of March 31, 2026
Royalty Right
3% NSR, subject to NOA repurchase right
Repurchase Terms
US$500,000 cash, expiring September 2027
A Sale Transaction With Retained Exposure in the Salar de Arizaro
CDN Maverick entered into an agreement to sell the Nevasca Lithium Project, also referred to as the Chaschas Norte claim, to a subsidiary of NOA Lithium Brines Inc., and retained exposure through NOAL securities and a 3% NSR royalty right.
What CDN Transferred. What CDN Retained.
The Nevasca sale transaction moved the property into NOA Lithium Brines’ Argentina lithium platform while preserving CDN Maverick’s potential upside through securities and a royalty right.
Transferred to NOA
CDN Maverick entered into an agreement to sell the Nevasca Lithium Project, also referred to as the Chaschas Norte claim, to a subsidiary of NOA Lithium Brines Inc. NOA’s disclosure states that, after final payment, the claim is fully owned by NOA and in the process of registration in the name of a local wholly owned subsidiary.
Retained by CDN Maverick
CDN Maverick retained strategic exposure through NOAL shares and warrants, plus a 3% NSR royalty right on Nevasca that NOA may repurchase for US$500,000 in cash before September 2027.
From Lithium Acquisition to Strategic Exposure
CDN Maverick acquired the Nevasca Lithium Project in the Salar de Arizaro, together with a 3% NSR royalty.
CDN entered into an agreement to sell Nevasca to a subsidiary of NOA Lithium Brines Inc. for staged cash and NOAL-share consideration.
CDN elected to receive US$50,000 cash and 2,064,750 NOAL shares for the third payment, increasing share-based exposure.
The final terms were amended and CDN received 3,296,470 NOAL units. The 3% NSR repurchase right was amended to US$500,000 cash, expiring September 2027.
CDN held 407,500 NOAL shares and 3,296,470 NOAL warrants, with the warrants exercisable at C$0.221 for 18 months.
Current Retained Exposure
NOAL Shares
407,500 NOA Lithium Brines common shares held as of March 31, 2026.
NOAL Warrants
3,296,470 warrants; exercise price C$0.221; 18-month term.
3% NSR Royalty
Retained royalty right on Nevasca. NOA’s repurchase right was amended to US$500,000 in cash before September 2027.
RELATED DOCUMENTS & LINKS
FREQUENTLY ASKED QUESTIONS
No. Nevasca is presented as a sale transaction with retained exposure. CDN Maverick’s active operating focus remains James Bay / Nottaway.
CDN entered into an agreement to sell the Nevasca Lithium Project, also referred to as the Chaschas Norte claim, to a subsidiary of NOA Lithium Brines Inc.
CDN retained exposure through NOAL securities and a 3% NSR royalty right, subject to NOA’s repurchase right.
As of March 31, 2026, CDN held 407,500 NOAL common shares and 3,296,470 NOAL warrants. Each NOAL unit consisted of one common share and one share purchase warrant, exercisable at C$0.221 for a period of 18 months.
The 3% NSR repurchase right was amended from US$1,000,000 expiring June 2025 to US$500,000 in cash with an expiration date of September 2027.
From Strategic Exposure to Active Exploration
Nevasca shows portfolio depth — James Bay / Nottaway is where CDN Maverick is actively advancing exploration today.