New Age Metals Inc.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
18 – 8511 General Currie Road Richmond, BC Canada V6Y 1M3 |
| Tel No.： | 604-685-1870 |
| Fax No.： | 604-685-8045 |
| Web Site： | www.newagemetals.com |
| E-mail： | hbarr@newagemetals.com |
| Contact Person： | Harry Barr |
| Position： | Chairman, CEO & Director |
| Traded Market： | TSX-V | OTCQB | FSE |
| Traded Symbol： | NAM | NMTLF | P7J2 |
| Outstanding Shares： | ~55.56 Million |
| 52 Week High： | $ 0.20 |
| 52 Week Low： | $ 0.07 |
| Present Price： | Click Here |
New Age Metals is a well financed mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. Eric Sprott the billionaire resource investor owns ~23.2% of the New Age. The Company has three divisions: Platinum Group Metals (PGM) division, Lithium/Rare Element division, and Gold-Antimony division.
Diversified Portfolio, Critical Metal Focus
Gold-Antimony Division
- Au-Sb (Ag-Cu-Zn-Pb)
- Newfoundland and Labrador, Canada
Platinum Group Metals (PGM) Division
- River Valley Palladium Project, Ontario, Canada
- Genesis PGM-Copper-Nickel Project, Alaska, USA
Lithium Division
- Lithium and Rare Element Projects, Manitoba, Canada
The PGM division includes the 100-per-cent-owned, multimillion-ounce, district-scale River Valley project, one of North America's largest undeveloped platinum group element projects, situated 100 km by road east of Sudbury, Ont. In addition to River Valley, New Age Metals owns 100 per cent of the Genesis PGE-Cu-Ni property in Alaska.
The Company's lithium division is one of the largest mineral claim holders in the Winnipeg River pegmatite field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum, rubidium and cesium. New Age Metals is developing its lithium division in conjunction with its farm-in/joint venture agreement with Mineral Resources Ltd. (MinRes), one of the world's largest lithium producers. A budget for May, 2025, to April, 2026, will be submitted to Mineral Resources for approval. On June 17, 2024, New Age Metals announced the participation in the University of Manitoba's sustainable mineral exploration grant for $1.5-million, which will be shared equally with Grid Metals. The University of Manitoba researchers are poised to unlock more sustainable ways to extract mineral resources, thanks to a $1.5-million grant from the Natural Sciences and Engineering Research Council (NSERC). By harnessing the collective expertise of academia, industry and government, the complex challenges facing the critical minerals industry can be addressed to create sustainable solutions for the future.
Management is currently aggressively seeking new mineral acquisition opportunities on an international scale. The Company's philosophy is to be a project generator with the objective of optioning its projects with major and junior mining companies through to production.
The Company is actively seeking an option/joint venture partner for its River Valley palladium project and its road-accessible Genesis PGE-Cu-Ni property in Alaska.
Investment Highlights
Diversified green commodity portfolio (Gold-Antimony, Li, and PGM)
- Greenfields exploration on new Gold-Antimony critical metal properties in Newfoundland.
- Partnership with one of top 5 global lithium producers, Mineral Resources Limited (MRL), to explore and develop NAM's Lithium Division in Manitoba.
- 100% ownership of a multi-million ounce district-scale Palladium-Platinum-Copper asset at River Valley, Ontario.
- Flagship project location – 100 km east of Sudbury, long established mining labour, supply and services centre.
- River Valley Project completed 2023 PEA. Follow-up work slated for 2025 and beyond.
- Excellent exploration upside across the Company's project portfolio
- Aggressive 2025 critical metal acquisition program underway
(1) Gold-Antimony Division
- Newfoundland and Labrador, Canada
Highlights
- Land Holdings: NAM recently map-staked 765 mineral claims totalling 19,125 ha (47,266 acres) of crown land in Newfoundland and Labrador.
- Location: The newly staked claims are adjacent to and along strike of the Swanger Cove Au-Sb Target and Le Pouvoir Au-Sb Showing in south-central Newfoundland, and along strike of the Beaver Brook Antimony Mine, Canada's only primary antimony producer, and adjacent to the large Queensway Gold Projects, owned by New Found Gold Corp.
- Strategy: These recently staked properties position NAM for new critical mineral discoveries in areas historically dominated by precious and base metal exploration.
- Market Opportunity: Au prices are at historic highs (>US$3,000/ounce), whereas Sb prices markedly increased in 2024 to ~US$50,000/tonne and should continue to rise as North America scrambles for sources of this critical metal after China stopped exporting antimony in late-2024.
- Go Forward Plan: The Company's technical consultants are actively compiling and interpreting geological, geochemical, and geophysical datasets to define high-priority target areas for field follow-up in summer 2025.
(See news release dated March 20, 2025)
(2) Platinum Group Metals (PGM) Division
- River Valley Palladium Project, Ontario, Canada
- Genesis PGM-Copper-Nickel Project, Alaska, USA
River Valley Palladium Project, Ontario, Canada
- 100% ownership of a multi-million ounce district scale Palladium asset
- 107 sq. km (includes 2 Mining Leases)
- 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
- Blue-sky exploration upside, world-class mining district
- Mineral Resources: 2.25 Moz Pd+Pt+Au (Measured & Indicated) & 1.7 Moz (Inferred) (updated October, 2021)
- Preliminary Economic Assessment (PEA) completed summer 2023
- The 2023 Preliminary Economic Assessment (PEA) returned a positive result with a pre-tax NPV (5%) of $296 M, a pre-tax IRR of 16% and 16 years of palladium, platinum and copper production. Compared to the 2019 PEA, this 2023 PEA envisions a smaller, higher-grade operation with lower CAPEX, expanded underground mining and reduced open pit mining, and a much-smaller environmental footprint.
- Diamond Drilling: 733 holes totalling >155,000 metres
River Valley Project Go-Forward Plan
- Follow-up on PEA recommendations for permitting and Feasibility-level studies
- Continue PLATSOLTM studies to improve recovery of PGMs and copper
- Continue community consultations and engagements and expand environmental baseline studies
- Complete planned geophysical surveys and exploration and delineation drill programs
PGM Exploration Targets
- Many induced polarization (IP) anomalies similar to Pine Zone extend N to NE from footwall contact of the River Valley Intrusion
- Palladium targets located adjacent to existing Mineral Resources (zones) and potential open pit locations
- Most have not been drill tested
- Possible magmatic feeder zones and structural offsets
- Additional 12 km of footwall contact remain to be IP surveyed in order to identify new targets for future drill testing
Genesis PGM-Cu-Ni Project, Alaska, USA
- 100%-owned
- 3 km from highway & electric transmission line
- Known PGM-Cu-Ni mineralization covers 9 km. Fall 2021 surface sampling and mapping program
- Seeking exploration and development option/JV partner
- 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
(3) Lithium Division
Lithium and Rare Element Projects, Manitoba, Canada
Lithium Projects, Manitoba, Canada
- 12, 100%-owned Projects, 3 Drill-ready
- Largest Regional Claim Holder: 21,611 Hectares in Southeastern Manitoba. Total Holding 74,448 Hectares
- Exploration agreement with Sagkeeng First Nation
- 12,300M drill program completed in 2024
- Partnership with Mineral Resources Limited (ASX- MIN), 5th largest lithium producer in the world to explore and develop NAM's lithium division.
- 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))
- Lithium Two Project (145.4 ha, drill-ready)
- Historical resource of 544,000 tonnes at 1.4% Li2O
- 3 known pegmatites
- The second phase drilling program was successful in extending the Eagle Pegmatite mineralized zone to a depth of 150 m below surface. (See news release dated June 13, 2023)
- 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
Management and Directors
Harry Barr, Chairman, Chief Executive Officer and Director
Founder, Chairman and CEO of International Metals Group
Over 30 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, CPA, CMA, Chief Financial Officer
Has been in the field of accounting for more than 25 years
Charlotte Brown, Corporate Secretary
An administrator with over 15 years of experience
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
30 years of experience in the mineral exploration and mining industry
Ron Hieber, Director
Internationally recognized expert in Platinum Group Metals
Advisors & Technical Tem
Gordon Chunnet, B.Sc., PGM Specialist, Advisor
Richard Zemoroz, Project Geologist
Farid Mammadov, Investor Relations
William (Bill) Stone, Ph.D, P.Geo., Lead Consulting Geoscientist, PGM, Ni-Cu and Au Specialist and Antimony Enthusiast
Max Kaczmer - Axiom Exploration, Consulting Geoscientists; Lithium, Rare Metals Specialists
Curt Freeman, Consulting Geologist
Ali Hassanalizadeh, M.Sc., P.Geo., MBA, Advisory Board, Consulting Geologist
Faraz Rasheed, B.Eng., Business Development
March 20, 2025, New Age Metals Inc. Expands Its Strategic Gold-Antimony Land Package in Central Newfoundland
February 27, 2025, New Age Metals Inc. Stakes New Gold-Antimony Properties in Newfoundland and Labrador