New Age Metals Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  59 Burtch's Lane
Rockport, ON
Canada K0E 1V0
Tel No.: 613-659-2773
Fax No.: 613-659-3887
Web Site:
Contact Person: Cody Hunt
Position: VP of Business Development

Company Data

Traded Market: TSX-V | OTCQB | FSE
Traded Symbol: NAM | NMTLF | P7J
Outstanding Shares: 197.11 million
Public Float: 108.58 million
52 Week High: $ 0.235
52 Week Low: $ 0.055
Present Price: Click Here








New Age Metals is a mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals (PGM) division and a Lithium/Rare Element division. The Company is developing its flagship River Valley Palladium Project near Sudbury, Ontario, one of the largest undeveloped primary palladium projects in North America.

The Company is actively seeking an option/joint venture partner for its Genesis PGM-Cu-Ni project in Alaska and for all or part of its lithium division in Manitoba.

Projects in Hand

River Valley Palladium Project, Ontario, Canada

  • 100% ownership of a multi-million ounce district scale Palladium asset
  • One of the largest Palladium projects in North America
  • Only 100 road-km from Sudbury, Ontario
  • Superb infrastructure setting with road and rail links to Sudbury infrastructure
  • Current mineral resource estimate: 2.9 million ounces of palladium equivalent (PdEq) (Measured + Indicated) plus 1.1 million ounces of PdEq (Inferred) (See news release dated Jan. 15, 2019)
  • The 2019 Preliminary Economic Assessment (PEA) returned a positive result for an open pit mining scenario based on US$1,200/oz Pd. The current price of Pd is approximately US$2,700/oz Pd. (See press release dated August 8, 2019)
  • Fully funded for Pre-Feasibility Study, started April 2021
  • Active review of rhodium potential
  • Blue-sky exploration upside, world-class mining district

Pre-Feasibility Study Objectives

  • Started April 2021, expected completion end of Q1 2022
  • Further evaluate Rhodium as a payable metal
  • Test modern processing technology and increase metal recoveries
  • Integrate recent, improved pricing for payable metals
  • Update to a tightly constrained domain model for mineralization zones
  • Optimize value-per-tonne of material moved in an open-pit operation

Exploration Upside

  • Canada's only PGM producer, the Lac Des Iles Mine has shipped PGM concentrates 800 km to Sudbury for over 20 years
  • 1.1 million ounces of PdEq Inferred Resource may classify as Indicated/Measured
  • 220m average maximum drill depth; deep drilling could open more potential
  • ~40% of mineralized contact remains undrilled
  • Unexplored footwall targets require identification and drilling
  • Sudbury mines produced PGMs as by-product for over 60 years

PGM Exploration Targets

  • Many induced polarization (IP) anomalies similar to Pine zone extend NE & SW of footwall contact
  • Priority exploration targets detected in IP geophysical surveys over footwall
  • Palladium targets located adjacent to existing mineral resources (zones) and potential open pit locations
  • Possible magmatic feeder zones and structural offsets
  • Additional 12 km of IP to be completed to identify new targets for drill testing

Genesis PGM-Cu-Ni Project, Alaska

  • 100%-owned
  • 3 km from highway & electric transmission line
  • Known PGM-Cu-Ni mineralization covers 9 km
  • Drill-ready PGM-Cu-Ni reef style target: 2.4 g/t Pd, 2.4 g/t Pt, 0.96% Ni and 0.58% Cu on surface
  • Seeking exploration and development option/JV partner

Lithium Projects, Manitoba, Canada

  • Seven (7) 100%-owned projects, three (3) drill-ready
  • Largest regional claim holder: 11,620 ha
  • Exploration agreement with Sagkeeng First Nation

Lithium One Project (2,294 ha, drill-ready)

  • More than 40 known pegmatites
  • Exploration focused on Silverleaf (4.1% Li2O (2020)) and Annie pegmatites (0.6% Li2O (2018))
  • Drill permit received in 2021

Lithium Two Project (145.4 ha, drill-ready)

  • 3 known pegmatites
  • Flown with drone geophysics in 2021
  • Maiden drill program planned for September 2021

Lithman West Project (1,016 ha, drill-ready)

  • Flown with drone geophysics in 2021
  • Situated along strike and to west of the Tanco pegmatite
  • Numerous rock and soil anomalies warrant drilling

Investment Highlights


  • Two green metal divisions: platinum group metals & lithium and rare elements


  • Quality, fully-owned projects with significant exploration upside


  • Experienced explorers, geologists and developers with vast experience


  • Developing one of the largest palladium projects in North America


Management and Directors

Harry Barr, Chairman & CEO

Founder, Chairman and CEO of International Metals Group

Over 35 years of experience in the mining industry, focus on acquisition, finance and development of mineral projects on international scale

Oversaw over 300 option/joint venture agreements with major, mid-tier, and junior mining companies

Robert Guanzon, CFO

Has been in the field of accounting for more than 25 years.

Charlotte Brown, Corporate Secretary

An administrator with over 15 years of experience.

Cody Hunt, Vice President of Business Development

Has worked for New Age since 2018 in Business Development and has been actively involved in identifying, establishing and developing strategic relationships and has participated in the development and execution of the company's business planning and strategy.

Colin Bird, Director

Over 35 years of international experience in developing, financing, operating and managing nickel, copper, gold and coal mines

Chris Berlet, Director

30 years of experience in both finance and the mineral industries

John Londry, Director

40 years of experience in both the finance and mineral industries

Ron Hieber, Director

Internationally recognized expert in Platinum Group Metals

Advisors & Technical Tem

Gordon Chunnet, B.Sc., PGM Specialist, Advisor

Bill Stone, Ph.D, P.Geo., Consulting Geoscientist, PGM Specialist

Carey Galeschuk, P.Geo., Consulting Geoscientist; Lithium, Rare Metals Specialist

Richard Zemoroz, Project Geologist

Curt Freeman, Consulting Geologist

Ali Hassanalizadeh, M.Sc., P.Geo., MBA, Advisory Board, Consulting Geologist

News Update

On October 18, 2021, New Age Metals Inc. announced that the maiden drill program on its Lithium Two project that is part of its Manitoba lithium division has commenced. The Company plans to drill a minimum of 1,500 metres. The program is going to consist of drilling 8 shallow holes to a maximum depth of 200 metres below surface.

A minimum 1,500-metre maiden drill program at the Company's Lithium Two Project has commenced.

  • The program is financed by Mineral Resources Ltd. (MRL), the worlds fifth largest lithium producer, as per the agreement between NAM and MRL that was the subject of a September 28 press release.
  • NAM has also contracted geological consultancy, Axiom Exploration to manage the drill program on behalf of the Company, and Manitoba-based Rodren Drilling to complete the work.
  • Lithium Two hosts a historic non-NI 43-101 compliant mineral resource of 544,000 tonnes at 1.4% Li 2 O to a depth of 60 metres (Source: Manitoba Mineral Index Cards). *This amount has not been confirmed by a qualified person at this time.
  • The Eagle Pegmatite is the primary target for the maiden drill program. It is exposed on surface and was last drilled in 1948.
  • Surface sampling programs at the Eagle Pegmatite conducted by NAM has yielded assays up to 3.8% Li 2 O.
  • NAM has an active exploration agreement with the Sagkeeng First Nation and will be working in partnership with members of Sagkeeng.
  • NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field. All of the claims are held by Lithium Canada Development, a wholly owned subsidiary of NAM

On October 05, 2021, New Age Metals Inc. announced that the release of an independent National Instrument 43-101 (“NI 43-101”) updated Mineral Resource Estimate for its 100% owned River Valley Palladium Project (“River Valley” or the “Project”) near Sudbury, Ontario.

Harry Barr, Chairman and CEO of NAM, said, “We are very pleased to substantially improve on the previous Mineral Resource Estimates completed for the River Valley Palladium Project. At a CDN$15/t NSR cut-off, Pd+Pt+Au grades and total Measured and Indicated Mineral Resources increased compared to the previous updated 2019 Mineral Resource Estimate. The presence of higher-grade mineralization for many kilometres of strike-length at River Valley at a wide range of cut-offs, within 100 km of the Sudbury mining and processing hub ( see Figure 1 ), bodes well for the ongoing Pre-Feasibility Study . In order to better highlight the potential for economic mining at River Valley, we graduated from a palladium metal grade equivalency used in the 2019 Preliminary Economic Assessment to an NSR-based model in the 2021 updated Mineral Resource Estimate. An advantage of this change is that NSR less the cut-off NSR better showcases the potential positive economics of the River Valley Project. The predominant contribution of palladium to the NSR clearly demonstrates that River Valley is a true PGM deposit, which is very rare outside of southern Africa . In addition, ongoing and future exploration programs will target zones for converting Inferred to Indicated Mineral Resources and new zones nearby with potential to expand the Mineral Resources.”

On July 13, 2021, New Age Metals Inc. has provided an update on the continuing environmental baseline and archeological studies at its River Valley palladium project in Ontario. Baseline studies are under way in the following areas: archeology, surface water quality, hydrology, and the aquatic and terrestrial environments.

Harry Barr, Chairman and CEO of New Age Metals commented, “We are pleased with the progress to date on our environmental baseline work at River Valley. By being proactive at this early point in the Project lifecycle, we will be more confident in our ability to execute future permitting efforts more efficiently. We have been fortunate to collaborate with our local First Nations partners throughout these baseline programs, in order to ensure that we are operating responsibly and transparently through this important stage of the Project's development.”

On July 6, 2021, New Age Metals Inc. announced that it has started an induced polarization (IP) geophysical survey over the Banshee zone of its River Valley palladium project in Ontario.

The Banshee zone is located between the core Dana zones to the north and the Lismer zones to the east and south, which collectively are the focus of the continuing pre-feasibility study of the River Valley project. Due to its central location, Banshee could therefore be of strategic importance to any potential future mining-processing operation at the project.

On June 10, 2021, New Age Metals provided update on rhodium assay and metallurgical drilling programs at River Valley Palladium Project in Ontario.

In phase 2 (the current phase), rhodium (Rh) data will be generated for the Lismer north zone. To this end, samples from eight mineralized intervals in four diamond drill cores on a key cross-section have been selected for Rh assay analysis. The historical drill cores have been sampled and the 189 samples (plus blind quality control) delivered to Geo Labs in Sudbury for preparation and high-sensitivity assay analysis. Assay results are expected in September.

At this point, metallurgical hole DN-21-01m has been completed on the Dana north zone and hole DS-21-01m is drilling on the Dana south zone. Metallurgical holes LN-21-01m and LR-21-01m will be drilled on the Lismer north zone and the Lismer ridge zone, respectively. The samples will be sent to SGS for assay, compositing and metallurgical studies and to Geo Labs for Rh assay analysis.


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