Rockport, Ontario–New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce the acquisition via staking of the southern extension of its Northern Shield Platinum Group Metals–Copper–Nickel and Critical Minerals Project located in Ontario’s Ring of Fire region. The expansion increases the total project footprint to approximately 32,000 hectares (79,074 acres). This expansion builds upon NAM’s previously announced acquisition of the Northern Shield Project and materially increases the Company’s land position along interpreted mafic-ultramafic geological trends within the Ring of Fire.
Harry Barr, Chairman and CEO, commented: “To our shareholders, this expansion represents disciplined growth at the right time and in the right place. Our team has done tremendous work identifying and securing additional prospective ground in the southern extension, strengthening our overall position within the Ring of Fire.
With the Province and First Nation communities moving forward on the Ring of Fire supply road and transmission lines, we are seeing meaningful progress toward unlocking one of Canada’s most important critical mineral regions. Infrastructure development is a major step forward for the district, and I believe positioning ourselves ahead of that build-out is strategically important.
I want to recognize the efforts of our technical and corporate teams who continue to execute on our vision: expand intelligently, advance methodically, and build long-term value for our shareholders. We are building a project landbank in a region where both the Federal and Provincial Governments are now working jointly to build a multi-billion-dollar mining infrastructure hub to support future mines in the Ring of Fire.”
Highlights
- 100% owned, acquisition completed through staking with no option payments or earn-in obligations
- Land position expanded to ~32,000 hectares (~79,074 acres) comprising 1,560 claims, consolidating prospective ground within Ontario’s Ring of Fire
- The Company intends to proactively engage and consult with local First Nations in accordance with New Age Metals’ established policy of meaningful and ongoing collaboration with Indigenous communities
- Southern extension captures additional interpreted bedrock EM conductors prospective for platinum group metals and nickel-copper mineralization
- Expanded footprint strengthens control along interpreted intrusive and structural trends associated with magmatic sulphide systems
- Building upon an extensive historical exploration database including airborne geophysics, ground EM surveys, mapping, and previous diamond drilling
- Systematic data compilation underway to refine targets and prioritize field programs ahead of drill targeting
- Ongoing regional consolidation strategy with continued evaluation of additional acquisitions in the immediate area
- Strategic addition to New Age Metals’ Platinum Group Metals project pipeline, complementing the Company’s River Valley PGM Project, Genesis PGM–Cu–Ni Project, and recently acquired Northern Shield PGM Project and the Platreef PGM Project (Ontario)
- Government momentum continues to strengthen the district, with Ontario targeting 2026 for commencement of the Ring of Fire supply road, supporting long-term regional access and development potential
Continue at New Age Metals
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