New Age Metals(TSXV:NAM)

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.

Investor website: https://newagemetals.com/

About

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. The Company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division. It is developing its 100% owned flagship multi-million ounce River Valley Palladium Project near Sudbury, ON, and has entered into an exploration agreement with Mineral Resources Limited to fund exploration activities in Manitoba. The Company currently has 11 projects and is one of the largest land owners in the Winnipeg River Pegmatite field.

Verified company data

Cash position
$2-million
Shares outstanding
73141742
Fully diluted shares
86999293
Mineral resource
The River Valley Intrusion (RVI) is shallow-dipping and layered body that appears to be approximately 900 m thick. The dominant rock types are brecciated and massive leuco-gabbronorite and leucogabbro with gabbro and anorthosite. There is an increase in metamorphic grade from the northwest part of the intrusion (greenschist facies) to the southeast part (amphibolite facies). The RVI intrudes Archean age paragneiss and orthogneiss of the Grenville Province and, along the Grenville Front, is in thrust contact with quartzite of the Huronian Mississagi Formation. Click for results from the 2021 NI 43-101 Mineral Resource Estimate | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Class | Tonnes ‘,000 | Pd (g/t) | Pt (g/t) | Rh (g/t) | Au (g/t) | Cu (%) | Ni (%) | Co (%) | NSR (C$/t) | | Measured | 15,488 | 0.70 | 0.25 | 0.02 | 0.05 | 0.1 | 0.02 | 0.003 | 59.54 | | Indicated | 74,152 | 0.51 | 0.20 | 0.02 | 0.04 | 0.01 | 0.001 | 0.002 | 45.08 | | Measured + Indicated | 89,640 | 0.54 | 0.21 | 0.002 | 0.04 | 0.1 | 0.01 | 0.002 | 47.58 | | Inferred | 94,268 | 0.35 | 0.16 | 0.01 | 0.03 | 0.00 | 0.02 | 0.002 | | | | | | | | --- | --- | --- | --- | | Class | Pd + Pt + Au(oz) | Pd(oz) | Pt(oz) | | Measured | 492,300 | 347,200 | 122,400 | | Indicated | 1,789,100 | 1,221,100 | 484,000 | | Measured + Indicated | 2,281,400 | 1,568,300 | 606,400 | | Inferred | 1,648,500 | 1,073,700 | 480,600 | Notes: 1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. 3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration. 4. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. 5. The Mineral Resource Estimate is based on US$ metal prices of $1,850/oz Pd, $900/oz Pt, $1,600/oz Au, $3.00/lb Cu, $16/lb Co, $6.50/lb Ni, $8,000/oz Rh, $18.50/oz Ag. The US$:CDN$ exchange rate used was 0.75. 6. The NSR estimates use flotation recoveries of 80% for Pd, 80% for Pt, 80% for Au, 85% for Cu, 25% for Co, 90% for Ni, 80% for Rh and 65% for Ag and smelter payables of 80% for Pd, 80% for Pt, 85% for Au, 85% for Cu, 50% for Co, 90% for Ni, 80% for Rh and 65% for Ag. 7. The pit optimization used a mining cost of $2.25/t mined, combined processing and G&A costs of CDN$15/t, and pit slopes of 50º. The out-of-pit Mineral Resources used underground mining, processing and G&A cost of CDN$50/t. 8. Out-of-pit Mineral Resources were determined to be potentially extractable with the longhole mining method.
Projects
["River Valley PGM\n\n100% owned by New Age Metals\n\nLocated 100km NE of Sudbury, Ontario\n\nMulti-million oz. District Scale Asset\n\n[See Project](https://newagemetals.com/river-valley-pgm-project)\n\nQuick Facts\n\n2.25 MOz Pd+Pt+Au M&I, 1.59 MOz Pd+Pt+Au Inferred\n\nAdvanced Preliminary Economic Assessment completed\n\nTechnical Reports\n\nClick a document title to download\n\n**River Valley Palladium Project Preliminary Economic Assessment**\n**River Valley Palladium Project NI 43-101 Technical Report**\n**Genesis PGM-Ni-Cu Project NI 43-101 Technical Report**\n\nGenesis\n\n100% owned by New Age Metals\n\nPGM-Ni-Cu, Alaska\n\n[See Project](https://newagemetals.com/genesis-pgm-ni-cu-project/)\n\nProject Overview\n\nOn April 4th, 2018, NAM signed an agreement to acquire the Genesis Project from one of Alaska’s top geological consulting companies. The Genesis Project is a road accessible, under explored, highly prospective, drill ready Palladium (Pd)- Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A comprehensive report on previous exploration and future phases of work was completed in August 2018 on Genesis by Avalon Development of Fairbanks, Alaska. Interested parties are able to download a copy of this report on our Genesis Project page on our website, or from sedar.com. The Company’s stated mandate for the Genesis Project is to secure a strategic partner to co-fund the exploration and development of the project.\n\nLocation & Access\n\nThe Genesis project is a Ni-Cu-PGM property located in the northeastern Chugach Mountains, 75 road miles north of the city of Valdez, Alaska. The project is within 3 km of the all-season paved Richardson Highway and a high capacity electric power line.\n\nThe Genesis PGM & Battery Metals Project is100% owned by New Age Metals\n\nTechnical Reports\n\nClick a document title to download\n\n**NI 43-101 Technical Report**\n\nLithium Projects\n\nPortfolio of early stage, hard rock lithium exploration assets in Manitoba, Canada\n\n100% Owned\n\nExploration agreement with the Sagkeeng First Nation\n\nNew Age Metals is the largest mineral claim holder in the prolific, Winnipeg River – Cat Lake Pegmatite Field. All of the claims are held by Lithium Canada Development, a 100% owned Lithium Division of New Age Metals. We presently have several Lithium Projects in the SouthEast region of Manitoba which are situated along strike of the Tanco Pegmatite and the claims encompass several pegmatite groups. The projects are located 140 kms northeast of Winnipeg, Manitoba:\n\nTotal land position in the Winnipeg River Pegmatite Field equal to about 21,611 hectares.\nExploration funded by the 4th largest lithium producer in the world Mineral Resources Limited (ASX:MIN)\nThree of the projects are considered drill ready. Lithium One, Lithium Two and Lithman West.\nActive exploration of the claim holdings is ongoing.\nNew Age Metals has signed an exploration agreement with the Sagkeeng First Nation and will be working in partnership with them to conduct exploration activities."]
Leadership
Harry G. Barr (Chairman and CEO), Chris Berlet (Director, 30 years of experience in finance and the mineral industries. Graduate of Mining Engineering from Queen’s University and holds a Diploma in Accounting & Finance from the London School of Economics. CFA Charter Holder.)

Verified data last updated: 2026-07-03

Recent filings

Investor FAQ

About New Age Metals (TSXV:NAM)