Agoracom Blog Home

Posts Tagged ‘lithium’

New Age Metals $NAM.ca $NMTLF River Valley Prefeasibility Study Update and Drilling on PGM and Lithium Divisions in 2021 $WG.ca $XTM.ca $WM.ca $PDL.ca $PGM.ca

Posted by AGORACOM-Eric at 9:44 AM on Monday, March 8th, 2021
http://www.smallcapepicenter.com/NAM%20square.png
  • Subject to closing a recently announced financing, this release will outline our 2021 objectives including;
  • NAM intends to engage third party engineering companies to complete the River Valley Palladium Project’s first Prefeasibility Study before the end of the first quarter of 2022.
  • NAM technical teams are finalizing plans for additional exploration drilling of up to 5,000 metres at the River Valley Project to further delineate the northernmost mineralized zones, expand the known mineralization boundaries and for resource classification.
  • NAM has received notice that a drill permit for its Lithium One Project in southeast Manitoba has been approved and is extending its permit for the Lithium Two Project. A minimum 2,000 metre drill program on the Lithium Two Project is scheduled for the second quarter of this year.
  • NAM has submitted a second application to the Manitoba Chamber of Commerce’s, Mineral Development Fund (MMDF). The Company hopes to co-fund the program with the MMDF to conduct a drone magnetometry survey on its Lithium Two, Lithman West and Cat Lake Lithium projects.
  • The River Valley Palladium Project is one of North America’s largest undeveloped primary Platinum Group Metal (PGM) projects. The Project has excellent infrastructure and is within 100 kilometres of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals.
  • The spot price of an ounce of palladium, platinum, and rhodium as of March 4, 2021 was $US2,285/oz, $US1,160/oz, and $US26,000/ oz respectively (Kitco, 2021)

New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J.F) Harry Barr, Chairman & CEO, stated; “We are pleased to provide shareholders with a corporate update to detail our planned exploration and development activities for our portfolio of North American green metal projects in 2021.”

NAM is focused on advancing River Valley to a Prefeasibility study. This study would be based on completion of metallurgy, hydrogeology, geotechnical surveys, an updated mineral resource estimate, environmental baseline, infill and exploration drilling. Management has received quotes from third party engineering and environmental firms and confirmed a budget for the study. Subject to the completion of the recently announced financing, management plans to initiate this study in the first half of 2021. Our objective is to complete the Prefeasibility study on or before the end of the first quarter of 2022.

NAM’s technical team is finalizing a phase one drill program for up to 5,000 metres for the northern portion of the River Valley Project. Next phases of drilling will focus on the Dana North, Dana South, Pine, Banshee, Lismer and Pardo Zones (Figure 1) given their fundamental importance to any potential mining operation at River Valley. The occurrence of surface mineralization in the River Valley Intrusion, drill hole mineralization and geophysical chargeability east of the footwall boundary of the current resource model are all strong indicators of mineralization that could be added to a future resource model. Proposed drill targets are illustrated in Figure 1 below.

 Figure 1: Northern area of the River Valley Project.The image shows numerous IP anomalies similar to Pine Zone extend northeast (externally) and southwest (internally) of the footwall contact of the River Valley Intrusion. Those IP anomalies remain to be drill tested.

Read Morehttps://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/756804-new-age-metals-river-valley-prefeasibility-study-update-and-drilling-on-pgm-and-lithium-divisions-in-2021/messages/2307033#message

NAM Further Demonstrates Presence of Rhodium at the River Valley Palladium Project Near Sudbury, Ontario $WG.ca $XTM.ca $WM.ca $PDL.ca $PGM.ca

Posted by AGORACOM-Eric at 9:20 AM on Tuesday, March 2nd, 2021

Highlights:

  • Rhodium (Rh) is the most valuable platinum group metal (PGM), with recent spot price highs of over $US24,000/oz Rh, nearly 18 times higher than Pt
  • 303 Rh assay results reported for the Pine Zone of the River Valley Deposit
  • Highest assay result is 0.177 g/t Rh, with 9 other samples returned assays at or greater than 0.100 g/t Rh and a total of 50 samples returned assays higher than 0.050 g/t Rh
  • The highest Rh concentrations coincide with the highest palladium (Pd) and platinum (Pt) grades – Rh concentrations in the River Valley Deposit are equivalent to 12% of the Pt grades
  • Based on encouraging results from phase 1, subsequent phases of the multi-phase Rh evaluation program will take samples of PGM mineralized intervals from the Dana South and Lismer zones
  • The River Valley Deposit is one of North Americas largest undeveloped primary platinum-group metal projects with 2.867 Moz Palladium Equivalent (PdEq) in the Measured + Indicated classifications and 1.059 Moz Pd Eq in the Inferred classification

New Age Metals Inc. (NAM) (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) (“NAM” or the “Company”) announces completion of Phase 1 of an ongoing Rh assay program on the River Valley Palladium Deposit near Sudbury, Ontario (Figure 1). Phase 1 of the Rh assay program collected 303 pulp samples from 17 mineralized intervals in 14 drill holes through the Pine Zone. The samples were selected to provide Rh data for mineralization in two cross-sections spaced 50 metres apart through the Pine Zone, located near the north end of the 16 km long River Valley Deposit (Figure 1).  In addition to Rh, the samples were also assayed for gold (Au), iridium (Ir), palladium (Pd), platinum (Pt), and ruthenium (Ru). The assays were completed on 2015-2020 drill core sample pulps at the Geoscience Laboratories in Sudbury.

The new Rh data reported herein are in addition to historical data generated from drill core, channel and surface grab samples from the River Valley Deposit (Figure 2) (see also Pacific North West Capital Corp. press release dated July 26, 2011). Rh is the most valuable platinum group metal (PGM), with recent spot price highs of over $US24,000/oz Rh, nearly 18 times higher than Pt. However, Rh analyses are too costly to be performed on every drill core assay sample. Rh is reported in the current Mineral Resource Estimate for the River Valley Deposit (see NAM press release dated August 8, 2019), based on regression analysis of historical drill core and channel sample assay data for the Dana North, Dana South and Lismer Zones.
Read More: https://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/756381-nam-further-demonstrates-presence-of-rhodium-at-the-river-valley-palladium-project-near-sudbury-ontario/messages/2306063#message

New Age Metals $NAM $ NMTLF Announces Upsize of Private Placement to $5.25 Million $WG.ca $XTM.ca $WM.ca $PDL.ca

Posted by AGORACOM-Eric at 8:38 AM on Friday, February 26th, 2021
http://www.smallcapepicenter.com/NAM%20square.png

New Age Metals Inc. (TSXV:NAM) (OTC:NMTLF) (FSE:P7J) (“NAM” or the “Company“), is pleased to announce that, due to strong investor demand, it has increased its previously announced non-brokered private placement offering (the “Private Placement”) to up to $5,250,000, consisting of: (i) up to $3,500,000 in units of the Company (the “Units”) at a price of $0.16 per Unit and (ii) up to $1,750,000 in flow-through units of the Company (the “FT Units”) at a price of $0.20 per FT Unit.

Each Unit shall be comprised of one common share (a “Common Share“) of the Company and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant“). Each Warrant shall entitle the holder thereof to purchase one additional Common Share at an exercise price equal to $0.20 at any time up to 24 months from closing of the Private Placement.

Each FT Unit will consist of one common share of the Company that will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (“FT Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “FT Unit Warrant”). Each FT Unit Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.25 at any time up to 24 months closing of the Private Placement.

The Company intends to use the net proceeds from the sale of Units towards its exploration and development work on its projects. The primary use of proceeds from this financing will be for the completion of a Prefeasibility Study for the Company’s flagship River Valley Platinum Group Metals (PGM) Project, one of North America’s largest undeveloped primary palladium projects, and for general corporate and working capital purposes. The Company intends to use the net proceeds from the sale of FT Units towards its exploration work on both the Company’s PGM and Lithium divisions. This will include a maiden drill program on the Company’s Lithium Two Project in Manitoba and continued drilling at River Valley.

Read More:https://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/756137-new-age-metals-announces-upsize-of-private-placement-to-5-25-million/messages/2305541#message

St-Georges Eco-Mining $SX $SXOOF Reports on Initial Battery Recovery Test Results $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM-Eric at 9:14 AM on Monday, February 22nd, 2021
  • Initial tests on lithium-ion batteries successful in the recovery of lithium, nickel and cobalt found as a coating on aluminium foil in the core of the batteries.
  • Leached more than 99% of the cobalt and of the nickel contained in the batteries.

St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE: 85G1) (CNSX:SX.CN) is pleased to disclose that its initial tests conducted on an array of lithium-ion batteries have been successful in confirming that the selective leach, conducted with its proprietary blend of acids, allows for the recovery of the lithium, nickel and cobalt that are found as a coating on aluminium foil in the core of the batteries.

The Company’s metallurgical team was able to leach more than 99% of the cobalt and of the nickel contained in the batteries. Furthermore, the aluminium foil used to hold the different metals in the batteries’ core remains intact and can be recycled.  

Company scientists are comfortable that the results obtained on these metals are repeatable and should scale. Initial lithium test results have been in line with expectations and require additional tests at scale prior to disclosure. These additional tests are ongoing, and results are expected sometime in March.

Fig. 1 The metals in solution, to the left the lithium / cobalt circuit, to the right the nickel copper circuit.

For testing, batteries were dismantled at the Company’s contracted pilot plant facility, CIMMS, under the supervision of qualified chemists and metallurgists. Enrico Di Cesare, St-Georges VP Research & Development, established the protocol and supervised the process. The batteries were dismantled manually, and the cores were immersed in St-Georges’ proprietary leach solution for 30 minutes. The Company expects to optimize and reduce this exposure duration with the aim of bringing it closer to the 5 min leach time required by the Nevada clays. Aluminium was taken out of the solution in its solid form and set aside. No test for residues was conducted on the aluminium in the preliminary tests. Metals were then targeted for recuperation in solution. The powders obtained were tested on-site and sent for independent testing by CIMMS

Read More: https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/755797-st-georges-reports-on-initial-battery-recovery-test-results/messages/2304710#message

St-Georges $SX $SXOOF Receives a Letter of Intent & Feasibility Study Partnership Proposal from Regional Industrial Development Agency $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM-Eric at 8:51 AM on Wednesday, February 17th, 2021
  • Received formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant to start EV battery recycling operations in 2021
  • Initiative to recover and recycle key materials from EV batteries in an ecologically sound manner

St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) has received a formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant in Baie-Comeau, Québec, where the company could start its EV battery recycling operations in 2021.

The Letter of Intent received on February 16, 2021, from Innovation & Dévelopment Manicouagan underlines the local community’s support for the installing of St-George’s first battery plant. St-Georges has identified a specific site for the recycling battery plant, which is already permitted for similar types of operations. Innovation & Dévelopment Manicouagan proposes defining the parameters of the study to encompass all the financial, strategic, technical, and environmental aspects of the project. The partners expect to initiate work on the study by mid-March. Furthermore, they will assist the company in all of its negotiations and permitting process with the provincial and local governments.

Paul Pelosi Jr., President of St-Georges wholly owned EV battery recycling subsidiary, EVSX Corp, commented: “ Innovation & Dévelopment Manicouagan’s intent to partner with St-Georges to complete this feasibility study, validates our initiative to recover and recycle key materials from EV batteries in an ecologically sound manner. The team at St-Georges has done an outstanding job of pulling everything together expeditiously … we are purposefully setting a fast pace, now and in the future, for the development of our battery recycling technology.”

Read More:https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/755497-st-georges-receives-a-letter-of-intent-feasibility-study-partnership-proposal-from-regional-industrial-development-agency/messages/2304005#message

St-Georges $SX $SXOOF Inks Definitive Agreement with Altair $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM-Eric at 9:21 AM on Friday, February 12th, 2021
  • License and Royalty Agreement for Altair to license St-Georges Metallurgy’s patent-pending extraction methods
  • Altair exclusive master agent to promote the licensing and deployment of the EV Battery Recycling Technology.

St-Georges Eco-Mining Corp. (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to announce that St-Georges Eco-Mining Corp., St-Georges Metallurgy Corp., and Altair International Corp. have entered into a License and Royalty Agreement dated February 11, 2021, for Altair to license St-Georges Metallurgy’s patent-pending extraction methods and technology in separation, recovery, and purification of lithium and to act as an agent of St-Georges’ developing technology in battery recycling.

Pursuant to the License and Royalty Agreement, St-Georges Metallurgy Corp. will grant Altair a non-exclusive license to use the Lithium Extraction Technology for any of Altair’s lithium-bearing prospects in the United States. In exchange for the license, Altair has agreed to grant SX a 5% net revenue royalty on all metals and minerals extracted and processed using any of St. Georges methods or technologies.  This royalty will apply to all  current and future properties in the United States in which Altair has claims. 

In addition, SX will provide Altair with full access to the EV Battery Recycling Technology for the purpose of Altair acting as exclusive master agent to promote the licensing and deployment of the EV Battery Recycling Technology. Altair has the right to appoint sub-agents, each of which will enter into an agency agreement with SX and Altair. In exchange for acting as master agent, SX has agreed to grant Altair a 1% trailer fee on any royalty received by SX from the licensing of the EV Battery Recycling Technology to licensees brought by Altair or its sub-agents. SX has also agreed that it will not solicit any third party with which Altair has initiated discussions to license the EV Battery Recycling Technology or act as a sub-agent for a period of three years from the date that such party initially entered discussions with Altair. Pursuant to the License and Royalty Agreement, SX and SXM retain all ownership rights to the EV Battery Technology and the Lithium Extraction Technology, respectively. In addition, SX retains the right to market, promote, license, and sell the EV Battery Recycling Technology to third parties. The License and Royalty Agreement may be terminated by mutual written consent of the parties. This agreement replaces the parties’ previous agreement, and no additional payments or additional share issuance is to be expected.

Read More: https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/755243-st-georges-inks-definitive-agreement-with-altair/messages/2303402#message

St-Georges Eco-Mining $SX.ca $SXOOF Announces $10 Million Financing $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM-Eric at 4:18 PM on Wednesday, February 10th, 2021

St-Georges Eco-Mining Corp. (CSE:SX)(OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN)is pleased to announce a non-brokered private placement offering of units at a price of $0.50 and “flow-through” units at a price of $0.60 as well for total gross proceeds of up to $10,000,000.

Each Unit is comprised of one (1) common share (each, a “Share”) in the capital of the Corporation and one (1) Share purchase warrant (each, a “Unit Warrant”), entitling the holder to purchase one (1) Share at an exercise price of $0.65 until first 18 months from the issuance and $1.05 for the 18 months thereafter, together 36 months expiry period (the “Unit Warrant Expiry Date”).

Each FT Unit is comprised of one (1) common share in the capital of the Company on a “flow-through” basis (each, a “FTShare”) and one (1) FT Share purchase warrant (each, a “FT Warrant”). Each FT Warrant entitles the holder thereof to purchase one (1) Share at an exercise price of $0.75 until first 18 months from the issue and $1.25 for the 18 months thereafter, together 36 months expiry period (the “FT Warrant Expiry Date”, together with the Unite Warrant Expiry Date, the “Warrant Expiry Date”).

Read More: https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/755116-st-georges-eco-mining-announces-10-million-financing/messages/2303113#message

St. Georges Eco $SX.ca $SXOOF Altair Provides Update on Lithium Extraction and Battery Recycling Technology $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM-Eric at 8:43 AM on Tuesday, January 26th, 2021
  • The two companies to jointly develop a patentable industrial scale process for Electric Vehicle Lithium-ion battery (LIB) recycling.

Altair International Corp. (the “Company” or “Altair”) (OTC: ATAO) is pleased to provide an update on its previously announced partnership with St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) (“St-Georges”) a Canadian public company engaged in the development of new Lithium extraction technologies.

On December 1, 2020 the two companies entered into a Binding agreement that would allow Altair access to St-Georges’ patent-pending Lithium processing technology for Altair’s Nevada based Stonewall project and most importantly bring together the two companies to jointly develop a patentable industrial scale process for Electric Vehicle Lithium-ion battery (LIB) recycling.

As the global Electric Vehicle (EV) market heats up over the coming decade, the demand for battery metals is expected to outpace current production. Even with increased energy density and charge cycles, Lithium based batteries for EVs, laptops, phones and other mobile devices will create cumulative waste challenges both in the environmental footprint of production and end-of-life LIB disposal.

Altair and St-Georges recognize that new optimized recycling technologies will offer valuable solutions to both a waste-management and battery metal supply. Selective, economic and responsible metal extraction of spent LIBs will be an integral part of the multi-billion dollar green economy and play a crucial part in the future of EV dominance of the automotive sector.

Read More: https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/753930-st-georges-eco-altair-provides-update-on-lithium-extraction-and-battery-recycling-technology/messages/2300224#message

New Age Metals $NAM.ca Provides Lithium One Project Surface Exploration Results $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-Eric at 8:49 AM on Tuesday, January 12th, 2021
http://www.smallcapepicenter.com/NAM%20square.png

New Age Metals Inc. (NAM) (TSXV:NAM ) ; ( OTC:NMTLF ) ; ( FSE:P7J) (“NAM” or the “Company”) New Age Metals announces results from the surface prospecting activities at its 100% owned Lithium One Project near Lac du Bonnet, Manitoba.  The project was co-funded by the Manitoba Chamber of Commerce’s administered Manitoba Mineral Development Fund (MMDF).  Work completed on the Property in the fall months of 2020 consisted of field rock sampling and geological mapping. Reported herein are the assay results for grab samples testing the Silverleaf Pegmatite, Greer Lake Quarry, and other locations on the Lithium One Project (Table 1).  

Table 1: 2020 Silverleaf assay result highlights from grab samples.

 -----------------------------------
 |Sample|Li2O (%)|Rb2O (%)|Cs2O (%)|
 |---------------------------------|
 |171878|0.03    |0.13    |0.00    |
 |---------------------------------|
 |171879|3.12    |0.13    |0.02    |
 |---------------------------------|
 |171880|0.15    |0.11    |0.00    |
 |---------------------------------|
 |171881|0.05    |0.02    |0.00    |
 |---------------------------------|
 |171882|1.43    |1.06    |0.08    |
 |---------------------------------|
 |171883|2.06    |0.87    |0.06    |
 |---------------------------------|
 |171886|1.40    |0.47    |0.05    |
 |---------------------------------|
 |171887|2.39    |1.81    |0.26    |
 |---------------------------------|
 |171888|2.82    |2.15    |0.31    |
 |---------------------------------|
 |171889|0.16    |0.17    |0.01    |
 |---------------------------------|
 |171890|1.93    |0.49    |0.04    |
 -----------------------------------

Figure 1:  Newer outcrop exposure of spectacular Spodumene-Lepidolite mineralization at Silverleaf.

Mineral prospecting activities in the fall of 2020 focused on Silverleaf Zone and Greer Lake Quarry (Figures 2, 3, and 4). The purpose of the field work was to examine possible extensions of the Silverleaf Pegmatite and the Greer Lake Pegmatite Quarry. A total of 75 field samples were collected.

Read More:https://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/752803-nam-provides-lithium-one-project-surface-exploration-results/messages/2297191#message

New Age Metals $NAM.ca $NMTLF Corporate Update – Year in Review & Outlook for 2021 $LIX.ca $LI.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 8:59 AM on Tuesday, December 22nd, 2020
http://www.smallcapepicenter.com/NAM%20square.png
  • In 2020 the Company’s primary objective was to follow up on recommendations made in the 2019 River Valley Palladium Project Preliminary Economic Assessment (PEA).
  • The River Valley Palladium Project is one of North America’s largest undeveloped primary Platinum Group Metal (PGM) projects. The Project has excellent infrastructure and is within 100 kilometres of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals.
  • The Company completed a three-phase exploration and development plan at River Valley which included drilling, environmental, and archaeological studies.
  • The Company also completed follow-up mapping and sampling programs on its Lithium One Project in Southeast Manitoba. The program was co-funded by the Manitoba Chamber of Commerce’s, Manitoba Mineral Development Fund (MMDF). In December the Company received a drill permit for its Lithium Two Project and a permit is pending for Lithium One. Further drill target definition surveys are being contemplated for 2021.
  • The Company is expecting results and corresponding press releases from both its rhodium evaluation program at River Valley and the surface sampling program from its Lithium One Project in Manitoba before the end of January 2021.
  • The spot price of an ounce of Palladium increased by over 18% in the last year, to $US2,220/oz as at December 21, 2020. Rhodium, which is also present at River Valley, has seen a price increase of over 160% year-to-date to $US16,000/ oz.
  • The Company is actively seeking an option/joint venture partner for our Genesis PGM-Cu-Ni Project in Alaska and for our Lithium division in Manitoba.

December 22, 2020 – Rockport, Canada – New Age Metals Inc. (TSXV:NAM ) | ( OTC:NMTLF ) | ( FSE:P7J) Harry Barr, Chairman & CEO, stated ; “We are pleased to provide shareholders with a year end review of our activities in 2020 and a view of our exploration and development plans for our portfolio of green metal projects in 2021.”

The Company’s primary objective this year was to follow-up on recommendations made in the 2019 River Valley Project PEA. To that end we have completed a three-phase exploration and development plan which included two rounds of drilling, initiated environmental baseline and archaeological studies, and have commenced a phase one rhodium evaluation program with the objective of including rhodium as a payable metal.

As we progress into 2021, we are focused on advancing River Valley to a Prefeasibility study. This would include recommendations to complete metallurgy, hydrogeology, geotechnical surveys, an updated mineral resource estimate, environmental baseline, infill and exploration drilling. Management is currently soliciting quotes from third party engineering firms with the objective of completing a final Prefeasibility budget by the end of February 2021. Subject to the completion of additional funding we plan to initiate this study by the third quarter of 2021 and our objective is to complete the Prefeasibility study by the end of the first quarter of 2022.

Genesis PGM-Cu-Ni Project

The Genesis PGM-Cu-Ni Project is an under explored, highly prospective drill ready property. In 2020 NAM’s management continued to seek an option/joint-venture partner for this road accessible PGM-Cu-Ni Project using the Prospector Generator business model. COVID-19 disrupted property visits which in turn hindered any finalization of a potential option / joint venture deal. The Company paid for all holding costs in 2020 and the project remains in good standing. The stable land status, ease of access and superb infrastructure make this project prospective for year-around exploration, and development.

2020 Exploration and 2021 Plans for Lithium Division

The Company has several Lithium and Rare Element Projects in the Winnipeg River Pegmatite Field, located in South East Manitoba and situated around the Tanco Mine. The world-class Tanco Pegmatite is a highly fractionated lithium-cesium-tantalum (LCT)–type pegmatite that has historically been mined (Tanco Mine) since 1969 for Li, Ta, Cs, Rb and Be ores. The Tanco Pegmatite is a very rich tantalum and cesium deposit with it being the world’s most significant and richest known source of cesium representing more than two-thirds of the world’s reserve.

In 2020, the company conducted a follow-up round of surface exploration work on its Lithium One Project to generate future drill targets. This program was co-funded by a grant from Manitoba Chamber of Commerce’s, Manitoba Mineral Development Fund (MMDF). Over 80 samples have been sent to a laboratory in Saskatchewan and results are expected in January. Samples from a previous work program on the project were taken from the Silverleaf and Annie pegmatites and not only returned significant Li20 assays of up to 4.1% but heightened levels of Rubidium Oxide (Rb2O).

Management plans to make a second application for a grant from the MMDF in 2021. In December 2020 the Company received a drill permit for its Lithium Two Project and the application for a permit on Lithium One was submitted to the Manitoba government. The Company continues to solicit potential option/joint venture partner(s) to continue the development of its Lithium division.

Shares for Services

The Company has issued 135,600 common shares at a deemed value of $0.10 per share to Agora Internet Relations Corp. (“AGORACOM”) pursuant to the terms of the March 2020 agreement. The securities issued represent the fourth payment for services under the terms of the agreement and are subject to a four month plus one day hold period expiring April 22, 2021.

Opt-in List

If you have not done so already, we encourage you to sign up on our website ( www.newagemetals.com ) to receive our updated news.

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 is working towards Prefeasibility. In Alaska the Company owns 100% of the Genesis PGM-Cu-Ni Project.

The Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium.  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 our Lithium division in Manitoba.

Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to [email protected] or Harry Barr at [email protected] or Cody Hunt at [email protected] or call 613 659 2773.

On behalf of the Board of Directors

Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results and are based on current expectations or beliefs.  For this purpose, statements of historical fact may be deemed to be forward-looking statements.  In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions.  These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.  Investors should not place undue reliance on forward-looking statements.