# 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.

## 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 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.

## Key facts

- **Cash position:** $2,000,000
- **Shares outstanding:** 96,843,766
- **Fully diluted shares:** 87655713
- **Warrants:** 9150052
- **Options:** 5499166
- **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 Palladium Project\n\nMulti-million oz. District Scale Asset\n\n100% owned by New Age Metals\n\nLocated 100km NE of Sudbury, Ontario\n\n2.25 MOz Pd+Pt+Au M&I, 1.59 MOz Pd+Pt+Au Inferred\n\nAdvanced Preliminary Economic Assessment completed\n\nThe River Valley Palladium Project is located approximately 100 km northeast of the City of Sudbury, in northern Ontario. The Project is road accessible and boasts strong established infrastructure and local community support.\n\nThe River Valley Palladium project was acquired in 1998 by NAM (formally Pacific North West Capital, now New Age Metals). NAM discovered significant PGM occurrences on the Property and entered into a joint venture agreement with Anglo Platinum in 1999. NAM was the operator of the joint venture until 2010 as Anglo Platinum earned-in for 50% ownership, and continues to be the operator today.\n\nIn January 2011, NAM successfully acquired Anglo Platinum Limited’s 50% of the Project, to achieve 100% ownership. In 2016, NAM’s management negotiated the purchase of 100% of the River Valley Extension from Mustang Minerals. This acquisition increased the size of NAM’s land position to 15,800 acres and its portion of the River Valley Deposit from 12 km to 16 km in strike length.\n\nThe Project is currently covered by two Mining Leases. The Mining Leases cover an approximate area of 12,000 acres and include surface and mining rights. A buffer zone of approximately >5000 acres has been added to the existing River Valley Project.\n\nThe new Preliminary Economic Assessment (PEA) of the River Valley Palladium Project was completed in August 2023 by P&E Mining Consultants Et all and the Technical Report is available on SEDAR or at the bottom of this webpage under technical documents. Compared to the 2019 PEA, this new PEA is based on a much smaller, higher-grade operation with markedly lower CAPEX, expanded underground mining and reduced open pit mining, and significantly smaller environmental impact. These encouraging results are based on the 2021 Mineral Resource Estimate, produced in accordance with current CIM standards and guidelines, to provide feed to an on-site 2.5 Mtpa process plant.\n\nProduction\n\n|     |     |\n| --- | --- |\n| Throughput (tpd) | 6,850 |\n| Average Process Plant Head Grade (PdEq g/t) | 1.19 |\n| Grade |  |\n| Strip Ratio | 3.4:1 |\n| Mine Life (yrs) | 16 |\n\nValuation (Base Case @ US$2,150 Pd US$/oz)\n\n|     |     |\n| --- | --- |\n| Pre-Tax NPV (5%) | $296M |\n| Pre-Tax IRR | 16% |\n| After-Tax NPV (5%) | $140M |\n| After-Tax IRR | 11% |\n\nValuation (+20% Pd Price Sensitivity)\n\n|     |     |\n| --- | --- |\n| After-Tax NPV (5%) | $300M |\n| After-Tax IRR | 18.30% |\n\nCAPEX Estimates\n\nInitial Capital Costs (US$ Millions)\n\n|     |     |\n| --- | --- |\n| Site Development | 21.3 |\n| Open pit mining equipment and pre-stripping | 75.1 |\n| Process plants (directs and indirects) | 99.2 |\n| Site infrastructure | 17.4 |\n| Electrical powerline connection | 30 |\n| Tailings and water management facilities | 57.3 |\n| EPCM | 19.9 |\n| Owners costs | 10 |\n| UG mine development and equipment | 37.1 |\n| Reclamation and closure | 16.3 |\n| Contingency (13%) | 48 |\n| Total Initial Capital | 495 |\n\nLOM Operating Cost (US$ per Tonne)\n\n|     |     |\n| --- | --- |\n| Mining Cost per Tonne Mined Material | 2.95 |\n| Mining Cost per Tonne Processed Material | 12.63 |\n| Underground Mining per Tonne Processed | 60.61 |\n| Process Plant | 12.69 |\n| G&A | 2.01 |\n| Total Cost per Tonne Processed* | 30.98 |\n\n*totals may not sum due to rounding\n\nTechnical information provided on this report has been reviewed and approved for technical content by Bill Stone, Consulting Geologist of New Age Metals, a Qualified Person under the provisions of National Instrument 43‐101.","Genesis PGM & Battery Metal Project in Alaska for option/joint venture\n\n100% owned by New Age Metals\n\n3km from highway & electric transmission line\n\nKnown PGM mineralization covers 9km\n\nNo historic drilling on project\n\nProject on stable State of Alaska claims\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\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 property is located in south central Alaska, approximately 82 km northeast of the port city of Valdez, Alaska, and approximately 8 km east of the Richardson Highway. The project is covered by 4,144 hectares of State of Alaska mining claims owned 100% by New Age Metals. The Genesis project has been divided into the Sheep Hill prospect and the Bernard Mountain prospect based on their differing geology and location both on the property and within the magmatic stratigraphy of the TUC.\n\nPast exploration has revealed the presence of chromite-associated platinum and palladium mineralization and stratabound Ni-Cu-PGM mineralization within steeply dipping magmatic layers of the Sheep Hill portion of the Tonsina Ultramafic Complex. Pyrrhotite, pentlandite, and chalcopyrite occur in disseminations and net textured segregations associated with disseminated to banded chromite within a 150 meter thick steeply north dipping layer of dunite and lherzolite just north of the Border Ranges Fault zone."]
- **Leadership:** Harry G. Barr (Chairman & CEO, Over 30 years of experience in the mining industry, with a focus on corporate governance and strategic direction.), Chris Berlet (Director, 30 years of experience in finance and the mineral industries, graduate of Mining Engineering from Queen’s University, CFA Charter Holder.), Cody Hunt (VP Business Development, Joined New Age Metals in 2018, specializes in business development and strategic partnerships, graduate of Queen’s University in Mining Engineering.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-20 — press_release — [NAM_2026-05-20_06-20-59.pdf](https://chat.orbiton.app/nam/preview/51656?documentId=51656)
- 2026-05-06 — press_release — [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](https://chat.orbiton.app/nam/preview/38234?documentId=38234)
- 2026-05-05 — other — [NAM_2026-05-05_08-48-20.pdf](https://chat.orbiton.app/nam/preview/38211?documentId=38211)
- 2026-04-24 — press_release — [NEW AGE METALS ANNOUNCES STRATEGIC PLANNING SERVICE AGREEMENT April 24, 2026 – Vancouver, British Columbia – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) announces it has entered into an amended agreement with Lawrence & Company Growth Advisors Inc. (the “Consu](https://chat.orbiton.app/nam/preview/30998?documentId=30998)
- 2026-04-16 — press_release — [NEW AGE METALS EXPANDS PLATREEF PGM PROJECT THROUGH STRATEGIC OPTION OF THE GRAVEL RIDGE PROPERTY NEAR LAC DES ÎLES MINE, NORTHWESTERN ONTARIO](https://chat.orbiton.app/nam/preview/27078?documentId=27078)
- 2026-04-10 — press_release — [NAM_2026-04-10_16-27-19](https://chat.orbiton.app/nam/preview/26472?documentId=26472)
- 2026-04-10 — press_release — [Form 62-103F1](https://chat.orbiton.app/nam/preview/26473?documentId=26473)
- 2026-04-08 — press_release — [NEW AGE METALS EXPANDS NORTHERN SHIELD PGM -CU -NI AND CRITICAL MINERALS PROJECT TO ~34,000 HECTARES IN ONTARIO'S RING OF FIRE](https://chat.orbiton.app/nam/preview/23376?documentId=23376)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/nam/faq/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.

### [Projects](https://chat.orbiton.app/nam/faq/projects)

New Age Metals has several projects, including the flagship River Valley Palladium Project in Ontario, which is a multi-million ounce district scale asset. Other projects include the Genesis PGM & Battery Metal Project in Alaska, and a Gold-Antimony Division in Newfoundland, which has rapidly expanded to approximately 19,800 hectares across 11 projects.

## Live AI chat

- https://chat.orbiton.app/nam/chat
- Investor website: https://newagemetals.com/