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New Age Metals $NAM.ca Appoints New Director $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 8:54 AM on Thursday, August 6th, 2020

August 6, 2020 – Rockport, Canada – New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) (“NAM” or the “Company”) is pleased to appoint Mr. Chris Berlet to the Board of Directors.

Harry Barr, Chairman & CEO stated; “We are pleased that Chris Berlet agreed to join our Board. I would like to welcome Chris as a new director of the Company. The board and management recognize Chris’s considerable technical and financial experience in the mining industry and believe that he will be an excellent addition to the Company’s Board.”


Click Image To View Full Size

Mr. Berlet is a graduate of Mining Engineering from Queen’s University (Canada) and holds a Diploma in Accounting & Finance from the London School of Economics and Political Science (U.K.). Mr. Berlet is a CFA Charter Holder (USA) and has 30 years of experience in both finance and the mineral industries. Chris is a proprietor of market information URLs & services including: EcologyFunds.com, MineralPrices.com, MineralFunds.com and INTACnews.com. He is a resource project manager and environmental investor. Chris is currently serving as the President & CEO, Director of Canuc Resources, and Stakeholder Gold Corp.

About the River Valley Palladium Project

The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA. At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867 Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.

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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 River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario as well as the Genesis PGM Project in Alaska. 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 project in Alaska and for our Lithium division in Manitoba.

New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 138,854,511 shares issued to date.

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.

Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting geoscientist for New Age Metals. Dr. Stone 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

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.

New Age Metals $NAM.ca Recommences Drilling and Environmental Studies at River Valley Palladium Project Near Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:01 AM on Thursday, July 30th, 2020
  • The River Valley Project is one of North America’s largest undeveloped primary Palladium projects. The Project has excellent infrastructure and is within 100 km of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals
  • The Company contracted Jacobs & Samuel Drilling Ltd of Val Caron, Ontario to conduct a Phase 2, 750 metre drill program at the River Valley Project and drilling has begun
  • July 23, 2020 palladium spot price is US$2,095/oz. As such the basket-price of the payable metal suite at River Valley, which includes palladium, platinum, gold, copper, nickel, and cobalt is priced significantly higher than the pricing used in the 2019 Preliminary Economic Assessment

July 30, 2020 – Rockport, Canada – New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J.F) Harry Barr, Chairman & CEO, stated; “New Age Metals is pleased to announce that the company commenced the next phase of drilling at the River Valley Palladium deposit near Sudbury, Ontario. The company plans to drill about 750 m of core in three holes to test high-priority targets adjacent to the Pine Zone and Dana North Zone of the River Valley deposit. This drill program is the second phase of our 2020 exploration and development program, and will run through August.”

The objectives of the Phase 2 drill program are threefold: 1) in-fill a gap in the previous drilling of the T3 target; 2) expand the T3 target along strike and southwards, and 3) test an undrilled IP chargeability high along 300 metres along strike from the Pine Zone. The T3 target is located downdip/down-plunge of the Pine Zone, in the footwall to the Dana North Zone. Additional information can be found in the various press releases on the New Age Metals website.

The Phase 2 program also includes environmental baseline studies being conducted underway by Story Environmental. This year’s data collection program includes: collecting and analyzing two rounds of surface water samples in low- and high-flow conditions, conducting flow measurements at two local sites, and conducting a fish community and habitat survey. The baseline program data collection may continue into Q4 2020, depending on progress and field conditions.

In addition to the environmental baseline studies, the Phase 2 program also includes a Stage 1 Archaeological Assessment within the River Valley Palladium Project area.


About the River Valley Palladium Project

The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA. At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867 Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.

Investor Awareness Update

New Age Metals is pleased to announce that the Company will be participating in September’s Global Mining Symposium and November’s Precious Metals Summit Europe, along with some of the most prominent names in the mining industry. Further information about NAM’s participation and schedule at the event will be provided when available. The Company is evaluating other opportunities to increase investor awareness and to leverage the virtual conference platforms widely available to access markets outside of North America and Europe, in which we have previously been active.

Stock Option Grant

In addition, the Company announces that it has granted 2,000,000 incentive stock options to directors, officers and consultants of the Company at an exercise price of $0.10 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.

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 River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario as well as the Genesis PGM Project in Alaska. 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 project in Alaska and for our Lithium division in Manitoba.

New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 138,854,511 shares issued to date.

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.

Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting geoscientist for New Age Metals. Dr. Stone 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

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.

VIDEO – New Age Metals $NAM.ca 2.9M Ounces Of Palladium Equivalent Is Why Eric Sprott Owns 18.5% $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:14 PM on Wednesday, July 29th, 2020

Three years ago, Harry Barr couldn’t get anyone to even look at New Age Metals (NAM:TSXV) flagship property, the 100% owned River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 kilometres from Sudbury.  

But with Palladium at $US 2,100/oz and River Valley sitting on 2.9Moz Palladium Equivalent (Measured & Indicated), things have changed significantly, including the fact that  Eric Sprott has become a strategic shareholder with 18.56% ownership.  

WAIT … THERE’S MORE  

NAM’s 2019 Preliminary Economic Assessment highlights include a 14 year mine life, resulting in an annual average payable Palladium Equivalent production of 119,000 ounces.  

WAIT ….. THERE’S ONE MORE THING  

The PEA assumed a Palladium price of $US 1,200, which is now 75% higher at $US 2,100.   With NAM now using their war chest to further drill River Valley and follow-up on recommendations from the PEA, there is reason to believe this story is only going to get better.  

Grab your favourite beverage and watch this interview with NAM CEO, Harry Barr.

Watch this interview or listen by Podcast on AppleGoogleSpotify or your favourite podcaster.

#Platinum and #palladium will creep higher as auto sector returns to life SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 12:35 PM on Tuesday, July 21st, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposits in Sudbury, Canada. The company has an updated NI 43-101 Mineral Resource Estimate of 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Platinum and palladium will creep higher as auto sector returns to life

  • Palladium – which cost around $2,070 an ounce on Tuesday – will average $2,050 this year and $2,138 in 2021, according to the median result from a poll of 32 analysts and traders.
  • A similar poll in April forecast averages of $2,100 this year and $2,150 in 2021.
  • Platinum – currently around $840 an ounce – will average $832 this year and $913 in 2021. The poll three months ago predicted averages of $836 an ounce for 2020 and $945 for 2021.

By: Sumita Layek and Peter Hobson

LONDON — Analysts and traders have cut their forecasts for autocatalyst metals platinum and palladium as the coronavirus outbreak curtails vehicle sales, but they still expect prices for both to rise gradually through 2021, a Reuters poll showed.

Platinum and palladium are used mainly in engine exhausts to reduce emissions. Platinum is also used in jewelry.

Years of undersupply pushed palladium to record highs above $2,800 an ounce this year, while surpluses have kept platinum near multi-year lows.

Prices plunged in March as the coronavirus choked economic activity but have since recouped some ground as China rebounds.

Palladium – which cost around $2,070 an ounce on Tuesday – will average $2,050 this year and $2,138 in 2021, according to the median result from a poll of 32 analysts and traders.

A similar poll in April forecast averages of $2,100 this year and $2,150 in 2021.

Platinum – currently around $840 an ounce – will average $832 this year and $913 in 2021. The poll three months ago predicted averages of $836 an ounce for 2020 and $945 for 2021.

Palladium is likely to remain in deficit while platinum will be oversupplied, analysts said.

“Auto sector recovery is key for platinum prices, as we doubt jewelry demand will see any revival this year,” said ANZ analyst Soni Kumari.

“The market is flipping from a deficit in 2019 into a surplus of 480,000-500,000 ounces in 2020.”

Palladium use in China has remained solid and there could be a pick-up in speculative buying, which has remained very low, said VTB Capital analyst Dmitry Glushakov.

(Reporting by Peter Hobson and Sumita Layek; editing by Pratima Desai and Susan Fenton)

Source: https://financialpost.com/pmn/business-pmn/platinum-and-palladium-will-creep-higher-as-auto-sector-returns-to-life

New Age Metals $NAM.ca Initiates Environmental Baseline Program at River Valley as part of Phase 2 Program $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 8:56 AM on Thursday, July 16th, 2020
  • The Company is initiating a Phase 2 program as part of its 2020 exploration and development program at its 100% owned River Valley Palladium Project.
  • Phase 2 will include further drilling in the northern area of the project, in addition to the initiation of environmental baseline studies. Pending results from the drill program, downhole induced polarization surveys may be conducted.
  • A Phase 3 program is designed and would occur in Q4 2020, pending the results of Phase 2.
  • Story Environmental of Haileybury, Ontario was engaged to initiate environmental baseline programs on the project which includes surface water quality programs, hydrological data collection, fish community and fish habitat studies and an archaeological assessment at the River Valley Palladium Project.
  • The Company announced positive results from its Phase 1 exploration program on June 2, 2020. The Phase 1 program consisted of an 8-hole, 1,600 m drill program and it successfully extended the pine zone mineralization up-dip to the north and along strike to the east, confirmed a linkage between the Pine Zone and the Dana North Zone and confirmed block model palladium mineralization continuity within the northern area of the project.
  • July 13, 2020 palladium spot price is US$1,945/oz. Continued disruptions in both the supply and demand factors directly related to palladium have contributed to sustained price levels well above the 2-year trailing average price used in the 2019 River Valley Palladium project PEA (US$1,200/oz)
  • The River Valley Palladium Project is one of North America’s largest undeveloped primary palladium projects, located 100 km northeast of Sudbury, Ontario

July 16, 2020 –  Rockport, Canada – New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J). NAM is pleased to announce as part of its Phase 2 2020 exploration and development program at the Company’s 100% owned River Valley Palladium Project, that Story Environmental (“Story”) has been engaged to conduct environmental baseline work beginning in the third week of July.

Harry Barr, Chairman & CEO stated, “We are happy to be working with Story Environmental on this critical work program at River Valley. As a development asset, we are looking forward to continuing to de-risk River Valley by adding to our existing environmental studies and completing our 2019 Preliminary Economic Assessment recommendations in advance of a Prefeasibility study.”

The environmental baseline studies are planned to commence in the third week of July. Adequate consideration at the start is necessary to ensure that such programs are rigorously defined and that the appropriate data are collected and aligned to support future permitting efforts. This year’s data collection will include: collecting and analysing two rounds of surface water samples in both low- and high-flow conditions, conducting flow measurements at two local sites, and conducting a fish community and habitat survey. The baseline program data collection may continue into Q4 2020, depending on progress and field conditions.

Further to the environmental baseline program, a Stage 1 Archaeological Assessment within the River Valley Project area will be completed as part of the Company’s Phase 2 program.

The Phase 2 exploration and development program will also include a drill program, in which two vertical holes totalling 750 metres are planned and will be completed by a single diamond drill rig. Drilling is scheduled to commence in the third week of July and should be completed within about two weeks. The drilling will test for presence of the favourable Breccia Unit of the River Valley Intrusion (or feeder magma conduit), fault and fold structures, and palladium mineralization, either an along strike continuation of the Pine Zone or a new zone (Figure 1). Assay results should be available from the laboratory by the end of August. Pending results, the two Phase 2 holes and other holes nearby may be surveyed by downhole IP techniques for off-hole anomalies that could represent palladium mineralization. This Phase 2 drill program is the second phase of a three phase 5,000 metre drill program proposed for 2020.


Click Image To View Full Size

Figure 1. Pseudo-section view looking roughly southwest along strike of target towards the Pine Zone palladium mineralization. Two Phase 2 drill hole locations (PZ-20-07p and PZ-20-08p) shown in red. The objective of these two holes is to test for the presence of the following three geological features: 1) the favourable host Breccia Unit; 2) palladium mineralization (i.e., the IP chargeability target); and 3) the Boundary Shear Zone.

About the River Valley Palladium Project

The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA. At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.9 Moz PdEq in the Measured plus Indicated classifications and 1.1 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.

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 River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario and the Genesis PGM Project in Alaska. 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. New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 138,854,511 shares issued to date.

Investors are invited to visit the New Age Metals website 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 our field office at 613 659 2773.

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Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting geoscientist for New Age Metals. Dr. Stone 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

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.

Chinese Auto Sector To Boost Platinum Demand – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:20 PM on Wednesday, June 24th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposits in Sudbury, Canada. The company has an updated NI 43-101 Mineral Resource Estimate of 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Chinese auto sector to boost platinum demand

  • Analysts said platinum demand from the Chinese auto sector is looking “progressively encouraging,” with sales of commercial vehicles on a more aggressive uptrend than autos, down just 1% so far in 2020 compared to last year.
  • “Within this subset, ~70% of sales are diesel,” BMO said. Diesel-powered vehicles require platinum, whereas gasoline-powered cars rely on palladium.

By: Allen Sykora

(Kitco News) – The Chinese auto sector looks as though it will boost platinum demand through 2021, said BMO Capital Markets. Chinese auto output rose sharply in June, climbing some 50% year-on-year through the first 20 days of the month, although actual sales may not keep up, BMO said. “We view this as a deliberate move by Chinese OEMs to preload stock of China V compliant passenger vehicles following the change of legislation in May,” BMO said. Analysts explained that manufacturers appear to be hiking output of old models before the July 1 deadline hits for new emissions rules. “In turn, OEMs may focus on selling China V-compliant vehicles while possible and run down inventories through 2H20, a minor negative for palladium demand, as average loadings perhaps don’t increase as much as anticipated through 2020,” BMO said. Analysts said platinum demand from the Chinese auto sector is looking “progressively encouraging,” with sales of commercial vehicles on a more aggressive uptrend than autos, down just 1% so far in 2020 compared to last year. “Within this subset, ~70% of sales are diesel,” BMO said. Diesel-powered vehicles require platinum, whereas gasoline-powered cars rely on palladium.

Source: https://www.kitco.com/news/2020-06-24/BMO-Chinese-auto-sector-to-boost-platinum-demand.html

New Age Metals $NAM.ca Palladium Exploration Plan Update for Q3 2020 $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:11 AM on Wednesday, June 24th, 2020
  • Following completion of its successful Phase 1 drill program in May 2020 (see press release dated June 2, 2020), Phase 2 of the 2020 field season will commence in July with exploratory drilling and environmental baseline studies
  • Drill target prioritized for testing is a large chargeability high detected in the 2017 IP survey (Figure 1), which was performed over the Pine Zone and footwall at the northern end of the 16 km long River Valley Palladium deposit
  • The IP target appears to be strongly chargeable, links to the eastern known extent of the Pine Zone resource via a curvilinear chargeability trend about 300 metres long , and extends from approximately 120 metres to 340 metres below surface in geophysical inversion modelling of the IP survey results

June 24, 2020 – Rockport, Canada – New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J). NAM is pleased to announce plans for its Phase 2 2020 exploration and development program at the Company’s 100% owned River Valley Palladium Project. This district-scale land package and large mineral resource is located near the City of Sudbury, Ontario, and its world-class mining and processing facilities.

Following completion of its successful Phase 1 drill program in May 2020 (see press release dated June 2, 2020), Phase 2 of the 2020 field season will commence in July with exploratory drilling and environmental baseline studies. The drill target prioritized for testing is a large chargeability high detected in the 2017 IP survey (Figure 1), which was performed over the Pine Zone and footwall at the northern end of the 16 km long River Valley Palladium deposit. The IP target appears to be strongly chargeable, links to the eastern known extent of the Pine Zone resource via a curvilinear chargeability trend about 300 metres long (Figure 1), and extends from approximately 120 metres to 340 metres below surface in geophysical inversion modelling of the IP survey results.


Click Image To View Full Size

Figure 1. Undrilled priority target from interpretation of the merged 2017 and 2018 IP survey chargeability maps for the Pine Zone-Dana North Zone area of the River Valley Palladium Project near Sudbury, Ontario. The Phase 2 program includes two vertical holes (PZ-20-07p and PZ-20-08p) totalling 750 metres.

The Phase 2 drill program as planned consists of two vertical holes totalling 750 metres and will be completed by a single diamond drill rig. Drilling is scheduled to commence in the third week of July and should be completed within about two weeks. The drilling will test for presence of the favourable Breccia Unit of the River Valley Intrusion (or feeder magma conduit), fault and fold structures, and Palladium mineralization, either an along strike continuation of the Pine Zone or a new zone (Figure 2). Assay results should be available from the laboratory by the end of August. Pending results, the two Phase 2 holes and other holes nearby may be surveyed by downhole IP techniques for off-hole anomalies. This drill program is the second phase of a three phase 5,000 metre drill program proposed for 2020.


Click Image To View Full Size

Figure 2. Pseudo-section view looking roughly southwest along strike of target towards the Pine Zone Palladium mineralization. Two Phase 2 drill hole locations (PZ-20-07p and PZ-20-08p) shown in red. The objective of these two holes is to test for the presence of the following three geological features: 1) the favourable host Breccia Unit; 2) Palladium mineralization (i.e., the IP chargeability target); and 3) the Boundary Shear Zone.

In addition to the Phase 2 drill program, environmental baseline studies are planned to commence in July. The baseline studies will include two components: 1) desktop study planning; and 2) site reconnaissance. The desktop study planning component includes reviewing historic studies and developing the baseline surface water, hydrology, aquatics, and archaeology programs. Adequate consideration at the start is necessary to ensure that such programs are rigorously defined and that the appropriate data are collected and aligned to support future permitting efforts.
Site reconnaissance will be completed to validate the desktop exercise, collect and analyze two rounds of surface water samples, carry out some hydrology work and aquatic fish community and habitat work, and complete a Stage 1 archaeological assessment within the River Valley Project area. The reconnaissance work may continue into Q4 2020, depending on progress and field conditions.

About the River Valley Palladium Project

The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA. At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867 Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.

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 River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario and the Genesis PGM Project in Alaska. 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. New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 137,347,966 shares issued to date.

Agoracom

The Company also announces that further to its new release of March 17, 2020, the Company has issued 246,545 common shares to Agora Internet Relations Corp. (“AGORACOM”) pursuant to the terms of the agreement. Shares issued are subject to regulatory hold period of four months plus one day expiring on October 25, 2020 in accordance with applicable securities laws.

Investors are invited to visit the New Age Metals website 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 our field office at 613 659 2773.

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Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting geoscientist for New Age Metals. Dr. Stone 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

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.

#PGM: #Platinum to rally in the near-term, #palladium stays range-bounded – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 1:07 PM on Monday, June 8th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposits in Sudbury, Canada. The company has an updated NI 43-101 Mineral Resource Estimate of 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

PGM: Platinum to rally in the near-term, palladium stays range-bounded

  • The combination of firming commodity and investment demand could create the set-up for a recovery in platinum prices, most notably in 2021
  • For palladium, spot prices will be supported as industrial demand recovers and the industry works through built-up inventories, amid a structural shortage which will remain in place for years to come

By FX Street

Strategists at TD Securities see room for platinum prices to rally in the near-term, before the market rebalances and contains prices while palladium is set to remain range-bound before the demand retrieves. 

Key quotes

“The combination of firming commodity and investment demand could create the set-up for a recovery in platinum prices, most notably in 2021. For palladium, spot prices will be supported as industrial demand recovers and the industry works through built-up inventories, amid a structural shortage which will remain in place for years to come.”

“The palladium market should benefit from shrinking lease rates as metal scarcity is temporarily shelved by collapsing demand. Notwithstanding, we expect palladium to remain in a structural shortage in the coming years, suggesting we may not have seen the end of sky-high lease rates.”

“We ultimately expect the unprecedented scale of central bank stimulus to drive a multi-year bull market in precious metals, as capital seeks to shelter itself from monetary inflation. As global economies recover from the pandemic, we expect investment demand to rebound and demand for industrial-precious metals, in particular, to rise substantially.”

Source: https://www.forexcrunch.com/pgm-platinum-to-rally-in-the-near-term-palladium-stays-range-bounded-tds/

Chinese car demand could boost #PGM prices – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 4:17 PM on Thursday, June 4th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposits in Sudbury, Canada. The company has an updated NI 43-101 Mineral Resource Estimate of 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Chinese car demand could boost PGM prices

  • A combination of another supply disruption in South Africa and improving Chinese auto sales bode well for prices of platinum group metals, said BMO Capital Markets
  • Anglo American Platinum has shut down its Phase B unit of the Anglo Converter Plant for the second time this year due to equipment issues

By: Allen Sykora

(Kitco News) – The combination of another supply disruption in South Africa and improving Chinese auto sales bode well for prices of platinum group metals, said BMO Capital Markets. Analysts cited Wednesday news that Anglo American Platinum has shut down its Phase B unit of the Anglo Converter Plant for the second time this year due to equipment issues. This could mean “a further near-term rally” in PGM prices, considering Chinese auto demand is improving again after COVID-19 lockdowns interfered with sales earlier in the year, BMO said. PGMs are used in auto catalysts. Amplats did not offer guidance on the impact of the closure, saying it would provide more details as it has more information. However, BMO estimated that should the outage last a month, this could remove around 150,000 ounces of platinum and 100,000 ounces of palladium from the market. “In particular, the latter [palladium] remains a market with low available inventory, such that any prolonged outage could see prices retest the previous record seen earlier this year,” BMO said.

Source: https://www.kitco.com/news/2020-06-04/Amplats-news-Chinese-car-demand-could-boost-PGM-prices.html

New Age Metals $NAM.ca River Valley Drilling Continues to Intersect and Expand #Palladium Mineralization at the Pine Zone $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN #PGM

Posted by AGORACOM-JC at 9:13 AM on Tuesday, June 2nd, 2020
  • Palladium mineralization is still open to expansion by drilling to the east, particularly testing a strong IP chargeability high located about 400 metres along strike, and also by drilling down-dip to the south
  • Hole PZ-20-04 intersected 1101 ppb Pd+Pt+Au (1.250 g/t PdEq) over 12 metres from 50 metres downhole, including 1361 ppb Pd+Pt+Au over 8 metres in the Pine Zone; and
  • Hole PZ-20-01 intersects 1287 ppb Pd+Pt+Au (1.477 g/t PdEq) over 3 metres from 168 metres downhole in the Pine Zone

June 2nd, 2020 – Rockport, Canada – New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) – The Company is pleased to announce new results from the 2020 Phase 1 exploration drilling program at its 100% owned River Valley Palladium Project. This district-scale land package and large mineral resource is located near the City of Sudbury, Ontario,
and its world-class mining and processing facilities.

Chairman and CEO Harry Barr stated; “Phase 1 of the 2020 drill program was successful in extending the known limits of the Pine Zone Palladium mineralization 50 metres up-dip to the north and 50 metres along strike to the east. The Palladium mineralization is still open to expansion by drilling to the east, particularly testing a strong IP chargeability high located about 400 metres along strike, and also by drilling down-dip to the south (see Figure 1). The 2020 drilling was also successful at broadly establishing the presence of Palladium mineralization at the connection of the Pine Zone to the Dana North Zone.”

This release describes results from 1,685.5 metres of drilling in 8 holes completed in Q2 2020 on the Pine Zone-Dana North Zone area of the multi-million-ounce River Valley Palladium Project. The objectives of the drill program were threefold: 1) expand the limits of the Pine Zone Palladium mineralization; 2) investigate possible connection of the Pine Zone to the Dana North Zone at depth; and 3) test Palladium mineralization continuity within the 2019 Block Model.
The drill program was successful in extending the Pine Zone mineralization up-dip to the north and along strike to the east, thereby demonstrating opportunity to further expand the Mineral Resources in support of a Prefeasibility Study in 2021-2022.

The Pine Zone was discovered by drilling an IP chargeability high in 2015-2016, in the footwall to the main River Valley deposit at the Dana North Zone, at the north end of the Property and under the main access road. Seven holes were drilled into the Pine Zone-T3 area in 2015-2016 and 14 in 2017 plus the 5 in 2020 for a total of 26 holes. Before 2015, seven holes had been drilled through the Dana North Zone and into the Pine Zone prior to recognition of the latter as a separate, differently oriented zone.

2020 Palladium Highlights

Highlights of the Phase 1 2020 drill program are as follows:

– Hole PZ-20-04 intersected 1101 ppb Pd+Pt+Au (1.250 g/t PdEq) over 12 metres from 50 metres downhole, including 1361 ppb Pd+Pt+Au over 8 metres in the Pine Zone; and

– Hole PZ-20-01 intersects 1287 ppb Pd+Pt+Au (1.477 g/t PdEq) over 3 metres from 168 metres downhole in the Pine Zone

Palladium Results

The details of the Phase 1 2020 drill program are presented in Tables 1-2 and Figure 1.
Holes PZ-20-02 and PZ-20-04, -05 and -06 were drilled to expand the Palladium mineralization beyond the 2019 Mineral Resources at the Pine Zone. Hole PZ-20-02 targeted an IP chargeability high and intersected 0.597 g/t PdEq from 125 metres downhole, which expands the mineralization 50 metres along strike to the east from the Mineral Resource Block Model. Holes PZ-20-04, -05 and -06 were drilled to expand the Palladium mineralization up-dip to the north, by 10 metres,
50 metres and 100 metres, respectively. Hole PZ-20-04 targeted an IP chargeability high and intersected 12 metres grading 1.250 g/t PdEq from only 50 metres downhole, including
8 metres at 1.542 g/t PdEq
, and 5 metres grading 0.499 g/t PdEq from 66 metres downhole.
Hole PZ-20-05 intersected 3 metres grading 0.857 g/t PdEq from only 50 metres downhole.
This intersection appears to be slightly more copper rich (Table 2). Hole PZ-20-06 lacked significant assay results but did intersect the breccia unit, the favourable host rock for the Palladium mineralization at River Valley.

Holes T3-20-01, T3-20-02 and PZ-20-03 were drilled to test for the presence of Palladium mineralization where the Pine Zone may be connected at depth to the main River Valley Palladium deposit at the Dana North Zone. Palladium mineralization was intersected in all three holes:
1) Hole T3-20-01 intersected 17 metres grading 0.744 g/t PdEq from 248 metres downhole;
2) T3-20-02 intersected 17 metres of 0.622 g/t PdEq from 318 metres downhole; and 3) PZ-20-03 intersected 0.412 g/t PdEq from 197 metres downhole.

Hole PZ-20-01 was designed to test Palladium grade continuity within the 2019 Mineral Resource Model. PZ-20-01 was collared 50 metres from the nearest previously drilled hole and intersected 3 metres grading 1.477 g/t PdEq from 168 metres downhole. This intersection lies within the Block Model volume of the 2019 mineral resource.


Click Image To View Full Size

* Collar coordinates are UTM NAD83 Zone 17N


Click Image To View Full Size

Notes: 1000 ppb = 1 gram/tonne

The lengths reported are core lengths, but should approximate true widths

nsa = no significant assays

PdEq g/t = Pd g/t + (Pt g/t x 0.89) + (Au g/t x 1.20) + (Cu% x 1.34) + (Ni% x 2.55) + (Co% x 9.01)

For PdEq calculation details, see 2019 Technical Report, “Updated Mineral Resource Estimate and Preliminary Economic Assessment of the River Valley Project”, by P&E Mining Consultants Inc. and DRA Americas Inc.


Click Image To View Full Size

Figure 1. Location of 2020 Phase 1 drill holes (labelled) and previously drilled holes plotted on an inverted IP chargeability image (coloured) and 3-D wireframe model of the Dana North Zone and Pine Zone (covered), River Valley Palladium Project near Sudbury (Ontario, Canada). Note from the inset map that the River Valley Palladium Project is located 60 linear km ENE of the City of Sudbury.

Discussion

The Palladium mineralization at the Pine Zone remains open to expansion by drilling to the east, particularly testing a strong IP chargeability high located about 400 metres along strike, and also by drilling down-dip to the south. Palladium mineralization was also broadly established at the connection of the Pine Zone to the Dana North Zone.

The results of the 2020 Phase 1 drilling bring the cumulative total number of holes intersecting the Pine Zone to 33. The number of Palladium mineralized intersections within the Pine Zone now totals 41, over an area measuring up to 250 metres along strike and 550 metres down-dip.
Note again that the Pine Zone remains open down-dip and particularly to the east, where the most tantalizing IP chargeability high is located.

Assay Procedures & QA/QC

The 2020 Phase 1 drilling was completed by Jacob & Samuel Drilling Ltd. of Sudbury, Ontario under the supervision of NAM geologists. The drill core samples were sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario for sample preparation and assay analyses. The preparation involved crushing of 3 kg of each sample to 90% passing 2 mm, and then pulverizing 0.5 kg to 85% passing 75 um. Palladium, Platinum and Gold were assayed by fire assay with ICP-AES finish (GE-FAI313). Copper, Nickel and 32 additional metals were assayed by two acid digestion and ICP-OES finish (GE-ICP14B). Blanks and blind certified standard samples were submitted at regular intervals for assay with the core samples as part of NAM’s rigorous Quality Assurance/Quality Control program.

Next Steps

NAM is considering its next steps in Palladium exploration and project development at River Valley in 2020. The next steps include any one or a combination of the following activities:

– Analyze significant Palladium core intersections in the Pine Zone for Rhodium;

– Update the 3-D geological modelling of the Pine Zone;

– Carry out further environmental baseline studies (including an archaeological survey);

– Complete Phase 2 drilling, particularly at the priority footwall IP chargeability high,

the Pine Zone-Dana North Zone connection, and down-dip;

– Conduct borehole-IP surveys for off-hole anomalies outside the known resource; and

– Undertake Phase 2 metallurgical studies

The purpose of these activities would be to advance the River Valley Palladium Project and support the Prefeasibility study planned for 2021-22.

About the River Valley Palladium Project

The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA. At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867 Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.

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 River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario and the Genesis PGM Project in Alaska. 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. New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 137,347,966 shares issued to date.

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.

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.

Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting geoscientist for New Age Metals. Dr. Stone 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

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.