New Age Metals Inc.'s Profile

A North American Leader in PGM and Lithium Exploration. The River Valley PGM Project hosts 2.9Moz Palladium Equivalent (Measured & Indicated) Advancing to Pre-Feasibility Study.
New Age Metals Inc.
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NAM
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New Age Metals Inc.'s Bulletin

New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J.F) (“NAM” or “Company”) is pleased to provide an update on its rhodium assay and metallurgical drilling programs at its 100% owned River Valley Palladium Project, located 100 km east of Sudbury, Ontario. These studies are being carried out as key components of a Pre-Feasibility Study of the River Valley Project, which was announced in a Company press release dated April 12, 2021. Rhodium Assay Program The purpose of the rhodium (“Rh”) assay program is to generate data with which to evaluate whether Rh could be a payable metal for any potential mining operation at River Valley.  Due to the expense of the analyses, the Rh assay program will be multi-phase.  In phase 1 (2020), new Rh data were generated for 2015 to 2020 drill core from the Pine Zone (see company press release dated March 2, 2021). Historical data area available for the Dana North Zone. In Phase 2 (the current phase), Rh data will be generated for the Lismer North Zone (aka Lismer Extension Zone) (Figure 1). To this end, samples from eight (8) 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 QC) delivered to Geo Labs in Sudbury for preparation and high-sensitivity assay analysis. Assay results are expected in September.  As of June 9, 2021, Rh is trading for $US 19,800/oz (Kitco).   Click Image To View Full Size Figure 1. Geology map of the northern area of the River Valley Palladium deposit. Mineralized zones projected to surface. Mineral Resource Estimates using 0.35 g/t PdEq cut-off and PdEq calculation of Preliminary Economic Assessment (2019). The Huronian and Nipissing units (younger) and the Grenville units (older) excluded for illustration purposes. Metallurgical Drill Program The metallurgical drilling is being carried out to sample fresh material for mineral processing and metallurgical studies as part of the ongoing Pre-Feasibility Study of River Valley.  Four holes are planned; one each on the Dana North Zone, Dana South Zone, Lismer North Zone and Lismer Ridge Zone. Each hole will be HQ size and drilled down through at least 200 metres of PGM-Cu sulphide mineralization, in order to provide plenty of material for comprehensive metallurgical studies. At this point, metallurgical hole DN-21-01m has been completed on the Dana North Zone (Figure 2) and hole DS-21-01m is drilling on the Dana South Zone, 0.5 km to the south.  Metallurgical holes LN-21-01m and LR-21-01m will be drilled on the Lismer North Zone and the Lismer Ridge Zone, respectively.  The metallurgical drill program is planned to be completed before the end of June.  The samples will be sent to SGS for assay, compositing and metallurgical studies and to Geo Labs for Rh assay analysis.   Click Image To View Full Size Figure 2. Collar locations and traces (surface projections) of the planned metallurgical study drill holes overlain on 3D mineralization models and LiDAR DEM. Four of the five planned holes are to be drilled (1 contingency).  As of the date of this press release, drill hole DN-21-01m is completed and DS-21-01m drilling. Stock Options The Company announces that it has granted 1,900,000 incentive stock options to directors, officers and consultants of the Company at an exercise price of $0.18 per share for a period of five (5) years from the date of grant in accordance with the Company's Stock Option Plan.  The Stock Options granted will be subject to vesting restrictions, acceptance by the TSX Venture Exchange and will be subject to regulatory hold periods in accordance with applicable Canadian Securities Laws.  In addition, the Company intends to extend the expiry date of an aggregate of 983,331 stock options originally granted to Directors, Officers and Consultants of the Company on July 15, 2016.  Subject to TSX Venture Exchange approval the Company will apply to extend the expiry date from July 15, 2021 to July 15, 2026.  The exercise price of $0.21 will remain the same. About Rhodium Rh is the rarest and most valuable of the PGMs. The main use for Rh is in catalytic converters designed to clean vehicle emissions. This metal is particularly effective in cleaning nitric oxide emissions from internal combustion engine vehicles. The majority of Rh is produced as a by-product of platinum and palladium mining at grades generally ≤0.10 g/t Rh. South Africa is the world’s largest producer of Rh (~80%), followed by Russia (~10%), Zimbabwe (~5%), Canada (~2%), and the USA (~2%). About River Valley The River Valley Palladium Project is located 100 road-km east from the City of Sudbury.  The Project area is linked to Sudbury by a network of all-weather highways, roads and rail beds and is accessible year-round with hydro grid and natural gas power nearby.  River Valley enjoys the strong support of local communities, like the village of River Valley, 20 km to the south. A fully executed Memorandum of Understanding is in place with a local First Nation.  Environmental baseline studies re-commenced in 2020. The current Mineral Resource Estimate was announced in a Company press release dated January 15, 2019 and is based on metal prices substantially lower than today.  At a cut-off grade of 0.35 g/t PdEq, the Mineral Resource consists of: 99 Mt grading 0.52 g/t Pd, 0.20 g/t Pt, 0.03 g/t Au and 0.06% Cu, or 0.90 g/t PdEq in the Measured and Indicated classifications; and 52 Mt grading 0.31 g/t Pd, 0.15 g/t Pt, 0.04 g/t Au and 0,04% Cu, or 0.63 g/t PdEq in the Inferred classification.  Contained metal contents are 2.4 Moz Pd+Pt+Au or 2.9 Moz PdEq in the Measured and Indicated classifications and 0.8 Moz Pd+Pt+Au or 1.1 Moz PdEq in the Inferred classification.   The 2019 PEA results for the River Valley Palladium Project were announced in a press release dated June 27, 2019. The PEA outlines a 20,000 t/day open pit mine and processing plant operation producing an average of 119,000 ounces of PdEq per year over a mine life of 14 years.  Using base case metal prices of US$1,200/oz Pd, $1,050/oz Pt and $3.25/lb Cu, the PEA showed a pre-tax NPV5% of US$261 million and a pre-tax IRR of 13%.  At a +20% palladium price of $1,440/oz Pd, the pre-tax NPV5% increases to $501M and the pre-tax IRR to 19%.  The current price of Pd is approximately $2,700/oz Pd. About NAM New Age Metals is a junior 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. The PGM Division includes the 100% owned, multi-million-ounce, district scale River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario. The Company has recently completed a Preliminary Economic Assessment on the project and, plans are to complete a Pre-Feasibility Study by the end of the first half of 2022. In Alaska, the Company owns 100% of the Genesis PGM-Cu-Ni Project. The 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 and rubidium. 2021 plans include drone geophysics on at least five of the Company’s seven projects and a maiden drill program on the Company’s Lithium Two Project. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM-Cu-Ni project in Alaska and for all or part of our Lithium Division in Manitoba.
first phase UAV-Borne Magnetometry survey has been completed on the Company’s Lithium Two, Lithman West and Cat Lake Lithium Projects. Geophysical magnetic data is being reviewed and preliminary reviews show a correlation of the known surface exposed Eagle Pegmatite on the Lithium Two Project and data.   NAM has 100% ownership of seven pegmatite hosted Lithium and Rare Element Projects in the Winnipeg River Pegmatite Field, located in southeast (SE) Manitoba. NAM’s exploration focus on SE Manitoba is on Lithium-bearing pegmatites. The seven projects are strategically situated within the Winnipeg River Pegmatite Field, which hosts the world-class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969. The company has a signed Exploration Agreement with the Sagkeeng First Nation (see Oct 25th, 2018 News Release). NAM has contracted EarthEx to conduct a second phase UAV-Borne Magnetometry Surveys on the company’s Lithman East, and Lithman North Projects in SE Manitoba. New Age Metals Inc. (NAM) (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) (“NAM” or the “Company”) is pleased to announce that it has received the initial data and preliminary report from EarthEx with regards to the Drone Magnetic Survey flown on three of the company’s Lithium Projects in SE Manitoba. The claims are held by Lithium Canada Development, a wholly owned subsidiary of New Age Metals. The Drone Magnetic Survey is a UAV-Borne Magnetometry Survey. The present system being used by EarthEx is the highest resolution drone magnetics system on the market today. EarthEx is a Manitoba-based geophysical consulting company. The EarthEx airborne magnetic geophysical survey technology will be used to further define future drill targets for the company’s Lithium Two, Lithman West and Cat Lake Lithium Projects. The new geophysical magnetic data is being reviewed by the NAM technical team and a news release will follow once the review is complete. As well, EarthEx is generating an additional set of maps for a more in-depth analysis of the data. Preliminary reviews show a correlation of the known surface exposed Eagle Pegmatite on the Lithium Two Project and the UAV magnetic data. NAM has contracted EarthEx to conduct a second phase of a UAV-Borne Magnetometry Survey over the company’s Lithman East and Lithman North Projects. A third phase of UAV work is planned for later in the summer of 2021 to cover the Lithman East Extension and Lithium One Projects. Click Image To View Full Size Figure 1: New Age Metals lithium project map, southeast, Manitoba. The Phase One UAV-Borne Magnetometry Survey was co-funded by the Manitoba Mineral Development Fund, a mineral fund sponsored and managed by the Manitoba Chamber of Commerce. Lithium pegmatites are known to express anomalously low magnetic susceptibility, resulting in a magnetic low anomaly in most terrains. The advent of the high-resolution low-flying UAV magnetometric surveying system used by EarthEx represents a new and efficient way to define exploration targets and map the presence and extent of these types of deposits, without any surface disturbance. About NAM New Age Metals is a junior 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. The PGM Division includes the 100% owned, multi-million-ounce, district scale River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario. The Company has recently completed a Preliminary Economic Assessment on the project and, plans are to complete a Pre-Feasibility Study by the end of the first quarter of 2022. In Alaska, the Company owns 100% of the Genesis PGM-Cu-Ni Project, an early-stage exploration property. The 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, cesium, and rubidium. 2021 plans include drone geophysics on at least five of the Company’s seven projects and a drill program on the Company’s Lithium Two Project. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM-Cu-Ni project in Alaska and for all or part of our Lithium Division in Manitoba. Investors are encouraged to visit the New Age Metals website at http://www.newagemetals.com where they can review the company, the projects and its corporate activities. Any questions or comments can be directed to the following:  info@newagemetals.com or Harry Barr at Hbarr@newagemetals.comor Cody Hunt at Codyh@newagemetals.comor call 613 659 2773. Opt-in List We  encourage you to sign up on our website (www.newagemetals.com)to receive our updated news. Qualified Person The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, P.Geo., a consulting geoscientist for New Age Metals.  Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release. On behalf of the Board of Directors “Harry Barr” Harry G. Barr Chairman and CEO
New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J.F) (“NAM” or “Company”) is pleased to announce initiation of a metallurgical study at its 100% owned flagship River Valley PGM Project near Sudbury, Ontario. The primary purpose of the study is to investigate the optimal flow sheet parameters for processing mineralized material from the River Valley Palladium Project. The results of the metallurgical study will be incorporated into the Company’s Prefeasibility Study (“PFS”) of River Valley (see Company press release dated April 12, 2021), which is slated for completion in H1 2022. Four new HQ-size drill holes have been designed to provide fresh mineralized material for the 2021 metallurgical study (Figure 1); one hole each on the Dana North, Dana South, Lismer North and Lismer Ridge mineralized zones (Table 1).  These zones combined represent approximately 4 km of the 16 km long River Valley Palladium Deposit. Each HQ-size hole will be drilled for approximately 200 m down through sulphide mineralized material and provide up to 1000 kg of fresh mineralized rock and wall rock for the assaying and metallurgical testwork purposes.A contract with Multi Drilling of Rouyn-Noranda (Quebec) has been signed and the drilling is planned to commence in early June 2021. Harry Barr, NAM Chairman and CEO comments, “Previous metallurgical test work studies on the River Valley Project focused on fresh mineralized drill core and surface samples from the Dana North and Dana South Zones. For the 2021 metallurgical study, the sampling is being expanded southwards to include the strategic Lismer North and Lismer Ridge Zones, to complete coverage of the Indicated and Measured Mineral Resources in the northern 4 km strike-length of the 16 km long River Valley Deposit. The metallurgical results will be included in the Prefeasibility Study for development planning of a bulk-tonnage, open pit mining operation at the River Valley Palladium Project.” Click Image To View Full Size Figure 1. Map showing the locations of the planned metallurgical drill holes on four of the mineralized zones (red) of the River Valley Palladium Deposit near Sudbury, Ontario. Mineralization continues for another 12km southwest (not shown in Figure 1). ---------------------------------------------------------------------------------------------- |TABLE 1        | |            | |            | |            | |            | |            | |            | |            | |            | |            | |            | |            | |            | |            | | PLANNED COLLAR | |LOCATIONS, | |ORIENTATIONS AND | |LENGTHS FOR THE   | |            | |            | |            | |       2021 | |METALLURGICAL | |DRILL HOLE PROGRAM | |AT RIVER VALLEY | |--------------------------------------------------------------------------------------------| |HoleID |Mineralized Zone|Core Size|Collar_X|Collar_Y |Collar_Z|Azimuth|Dip|Length (m)| |--------------------------------------------------------------------------------------------| |DN-21-01m |Dana North |HQ |555,290 |5,172,680|330 |146 |-57|200 | |--------------------------------------------------------------------------------------------| |DS-21-01m |Dana South |HQ |555,490 |5,172,040|304 |128 |-55|200 | |--------------------------------------------------------------------------------------------| |LN-21-01m |Lismer North |HQ |556,038 |5,171,653|288 |104 |-57|185 | |--------------------------------------------------------------------------------------------| |LN-21-02m* |Lismer North |HQ |556,480 |5,171,471|317 |136 |-59|200 | |--------------------------------------------------------------------------------------------| |LR-21-01m |Lismer Ridge |HQ |556,950 |5,171,007|320 |306 |-64|215 | |--------------------------------------------------------------------------------------------| |*Contingency for LNZ-21-01m |  |  |  |  |  |  |  | |Collar coordinates NAD83 z17N | | | | | | | | ---------------------------------------------------------------------------------------------- Planned drill holes DN-21-01m and DS-21-02m will sample the Dana North and Dana South Zones respectively (Figure 1), which are the key zones for any initial mining operations at River Valley. Hole LN-21-01m will sample Lismer North, where the highest grades of rhodium (0.877 g/t Rh) at River Valley have been intersected in historical drilling.  Hole LR-21-01m will sample the much larger Lismer Ridge Zone for the first material from there to undergo metallurgical testwork. The metallurgical study will be managed by David Salari, P.Eng. of D.E.N.M Engineering Ltd in Burlington, Ontario. The drill core samples will be transported to SGS Canada Inc. of Lakefield, Ontario (“SGS”) for assaying, compositing, variability, mineralogical, grinding, environmental and PlatsolTM studies on the composited samples. SGS completed an initial metallurgical testwork study on the Dana North and Dana South Zones in 2012, which will be referenced for initial testing conditions and testwork results.  This new metallurgical study will be the first-time materials from outside the Dana North and Dana South Zones are included in testwork studies. Details of the metallurgical testwork program will be the subject of a future press release. About River Valley The River Valley Palladium Project is located 100 road-km east from the City of Sudbury.  The Project area is linked to Sudbury by a network of all-weather highways, roads and rail beds and is accessible year-round with hydro grid and natural gas power nearby.  Environmental baseline studies re-commenced in 2020 and continue through 2021. The current Mineral Resource Estimate was announced in a Company press release dated January 15, 2019 and is based on metal prices substantially lower than today.  At a cut-off grade of 0.35 g/t PdEq, the Mineral Resource consists of: 99 Mt grading 0.52 g/t Pd, 0.20 g/t Pt, 0.03 g/t Au and 0.06% Cu, or 0.90 g/t PdEq in the Measured and Indicated classifications; and 52 Mt grading 0.31 g/t Pd, 0.15 g/t Pt, 0.04 g/t Au and 0,04% Cu, or 0.63 g/t PdEq in the Inferred classification.  Contained metal contents are 2.4 Moz Pd+Pt+Au or 2.9 Moz PdEq in the Measured and Indicated classifications and 0.8 Moz Pd+Pt+Au or 1.1 Moz PdEq in the Inferred classification.  The 2019 PEA results for the River Valley Palladium Project were announced in a press release dated June 27, 2019. The PEA outlines a 20,000 t/day open pit mine and processing plant operation producing an average of 119,000 ounces of PdEq per year over a mine life of 14 years.  Using base case metal prices of US$1,200/oz Pd, $1,050/oz Pt and $3.25/lb Cu, the PEA showed a pre-tax NPV5% of US$261 million and a pre-tax IRR of 13%.  At a +20% palladium price of $1,440/oz Pd, the pre-tax NPV5% increases to $501M and the pre-tax IRR to 19%.  The current price of Pd is approximately $2,900/oz Pd. About NAM New Age Metals is a junior 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. The PGM Division includes the 100% owned, multi-million-ounce, district scale River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario. The Company has recently completed a Preliminary Economic Assessment on the project and, plans are to complete a Pre-Feasibility Study by the end of the first quarter of 2022. In Alaska, the Company owns 100% of the Genesis PGM-Cu-Ni Project, an early-stage exploration property. The 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, cesium, and rubidium. 2021 plans include drone geophysics on three of the Company’s seven projects and a drill program on the Company’s Lithium Two Project. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM-Cu-Ni project in Alaska and for all or part of our Lithium Division in Manitoba.
April 12, 2021 – TheNewswire - Rockport, Ontario - New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J.F) (“NAM” or “Company”) is pleased to announce agreements with leading engineering firms to complete a Pre-Feasibility Study of its 100% owned River Valley Palladium Project near Sudbury, Ontario (Canada). The Pre-Feasibility Study will be undertaken over the next 8 to 12 months, with completion slated for early 2022.   The Pre-Feasibility Study will be completed by four engineering firms: P&E Mining Consultants Inc. for Initial Mineral Reserve estimation, mine planning, economic analysis and Project Lead; SGS Canada Inc. and D.E.N.M. Engineering Ltd. for mineral processing and metallurgical test work; Knight-Piésold Consulting for design of the tailings facility and open pit geotechnical engineering; and Story Environmental for environmental and community impact interactions and permitting. P&E Mining Consultants Inc. will be updating the Mineral Resource Estimate and leading the preparation of the Pre-Feasibility Study NI 43-101 Technical Report. Harry Barr, Chairman and CEO, said, “We are extremely pleased to have assembled such an impressive team for our Pre-Feasibility Study. These firms will work together with NAM to optimize the value of the River Valley Palladium Project, by maximizing the economic aspects while minimizing the environmental impacts and benefitting the local communities. The River Valley Project will be very well-timed for the green metal revolution.” Work for the Pre-Feasibility Study is planned to commence this month. Four new holes will be drilled by NAM to recover fresh material for new mineral processing and metallurgical testwork. The SGS Canada Inc. and D.E.N.M team will work on the material to optimize recovery of palladium, platinum, gold, copper, nickel, rhodium and cobalt. This work will build on previous studies by SGS Lakefield in 2012 and include, for the first time, systematic rhodium recovery determinations. Knight-Piésold Consulting will complete the first geotechnical and geomechanical studies of the Project, based on new drilling and excavations by NAM in the areas of the open pit mines, processing plant, waste dumps and tailings facilities, as outlined in the Preliminary Economic Assessment (“PEA”) of June 2019 (Figure 1). Story Environmental will continue baseline environmental studies and build effective relationships with local government agencies and communities, including First Nations, for future permit applications and approvals. Click Image To View Full Size Figure 1. Four of the northwestern most mineralized zones and design open pits from the 2019 Preliminary Economic Assessment of the River Valley Palladium Project. The mineralized zones and design open pits models will be updated as part of the Pre-Feasibility Study. Overall, the Pre-Feasibility Study as led by P&E will consider optimized mine production and mineral processing rates based on a potentially more valuable Updated Mineral Resource Estimate than that which underpinned the 2019 PEA. The 2019 PEA had a positive economic outcome.  For the Pre-Feasibility Study, however, River Valley Project economics are expected to benefit markedly from historically high palladium and rhodium metal prices, new more tightly constrained domain models of the mineralized zones, and a shift to Net Smelter Return-based reporting. In tandem with the Pre-Feasibility Study, NAM plans to continue exploration geophysical and drilling programs to add, expand and upgrade Mineral Resources and investigate the grades and distribution of rhodium in the priority mineralized zones of the River Valley Palladium Project. About River Valley The River Valley Palladium Project is located 100 road-km east from the City of Sudbury.  The Project area is linked to Sudbury by a network of all-weather highways, roads and rail beds and is accessible year-round with hydro grid and natural gas power nearby.  River Valley enjoys the strong support of local communities, like the village of River Valley, 20 km to the south. A fully executed Memorandum of Understanding is in place with the local First Nation.  Environmental baseline studies re-commenced in 2020. The current Mineral Resource Estimate was announced in a Company press release dated January 15, 2019 and is based on metal prices substantially lower than today.  At a cut-off grade of 0.35 g/t PdEq, the Mineral Resource consists of: 99 Mt grading 0.52 g/t Pd, 0.20 g/t Pt, 0.03 g/t Au and 0.06% Cu, or 0.90 g/t PdEq in the Measured and Indicated classifications; and 52 Mt grading 0.31 g/t Pd, 0.15 g/t Pt, 0.04 g/t Au and 0,04% Cu, or 0.63 g/t PdEq in the Inferred classification.  Contained metal contents are 2.4 Moz Pd+Pt+Au or 2.9 Moz PdEq in the Measured and Indicated classifications and 0.8 Moz Pd+Pt+Au or 1.1 Moz PdEq in the Inferred classification.   The 2019 PEA results for the River Valley Palladium Project were announced in a press release dated June 27, 2019. The PEA outlines a 20,000 t/day open pit mine and processing plant operation producing an average of 119,000 ounces of PdEq per year over a mine life of 14 years.  Using base case metal prices of US$1,200/oz Pd, $1,050/oz Pt and $3.25/lb Cu, the PEA showed a pre-tax NPV5% of US$261 million and a pre-tax IRR of 13%.  At a +20% palladium price of $1,440/oz Pd, the pre-tax NPV5% increases to $501M and the pre-tax IRR to 19%.  The current price of Pd is approximately $2,600/oz Pd. About NAM New Age Metals is a junior 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. The PGM Division includes the 100% owned, multi-million-ounce, district scale River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario. The Company has recently completed a Preliminary Economic Assessment on the project and, plans are to complete a Pre-Feasibility Study by the end of the first quarter of 2022. In Alaska, the Company owns 100% of the Genesis PGM-Cu-Ni Project. The 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 and rubidium. 2021 plans include drone geophysics on three of the Company’s seven projects and a drill program on the Company’s Lithium Two Project. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM-Cu-Ni project in Alaska and for all or part of our Lithium Division in Manitoba. The Company will be participating in Renmark’s Virtual Non-Deal Roadshow Series on Monday, April 12, at 4:00 pm EST. The presentation will feature Harry Barr, New Age Metal’s Chairman & CEO presenting to shareholders, investors and institutions. Topics covered will include the River Valley Project Prefeasibility Study and ongoing geophysical programs on the Manitoba Lithium Division. The discussion will highlight development and operating strategies and strategic direction for 2021 and beyond. Investors interested in participating in this event must register using the link below. As a reminder, registration for the live event may be limited but accessed for replay after the event. A replay link will be available on the Company’s investor website. REGISTER HERE: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-tsx-v-nam-otcqb-nmtlf-2021-04-12-130000