Agoracom Blog

VIDEO – New Age Metals $ 2.9M Ounces Of Palladium Equivalent Is Why Eric Sprott Owns 18.5% $ $ $ $ $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.  


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.  


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.

Tags: , , , , , ,

Comments are closed.