Latest News? On May 4, 2026, New Age Metals announced a non-binding letter of intent with Rockport Capital Corp. for a proposed transaction regarding the Genesis project, which will allow Rockport to earn an initial 50% interest in the property. Further details of the transaction will be disclosed by Rockport in connection with its proposed qualifying transaction.
Source filings New Age Metals TSX-V: NAM OTCQB: NMTLF 101-2148 W 38th Ave Vancouver, BC V6M 1R9 info@newagemetals.com +1.604. 685.1870 www.newagemetals.com NEW AGE METALS OPTIONS GENESIS PROJECT May 6, 2026 – Vancouver, BC– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce that it has entered into a non-binding letter of intent dated May 4, 2026 (the “LOI”) with Rockport Capital Corp. (“RP”), a Capital Pool Company (“CPC”), which sets out the principal terms and conditions of a proposed transaction intended to constitute the RP’s “Qualifying Transaction” Summary of the Proposed Transaction Pursuant to the LOI, the Company and RP have agreed to negotiate and enter into a definitive option agreement (the “Definitive Agreement”), pursuant to which RP will be granted the right to earn an initial 50% interest in the Company’s Genesis project (the “Property”) (the “Option”). The Proposed Transaction is a “Non-Arm’s Length Qualifying Transaction” within the meaning of TSXV policies. Accordingly, the Proposed Transaction will be subject to RP approval of a majority of the votes cast by disinterested shareholders of RP. The interested directors and officers of the Company will abstain from voting on board matters relating to the Proposed Transaction, as applicable. The Proposed Transaction constitutes a related party transaction under TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as certain directors and officers, of the Company are also directors, officers, or shareholders of RP. The Company has determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements under applicable securities laws as neither the fair market value of the Property interest being optioned, nor the consideration payable, exceeds 25% of the Company’s market capitalization. Further details of the transaction will be disclosed by RP in connection with its proposed qualifying transaction. Property and Option Terms The Genesis project is a Ni-Cu-PGE property located in the northeastern Chugach Mountains, 75 road miles north of the city of Valdez, Alaska. The Property is located within 3 km of the all-season paved Richardson Highway and a high-capacity electric power line. The Property consists of 64 contiguous 160-acre claims totalling 10,240 acres and approximately 4,144 hectares Pursuant to the terms of the — 2026-05-06 — press_releaseAnswer last refreshed: 2026-05-21