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New Age Metals $NAM.ca Engages DRA Americas Inc to Collaborate with P&E Mining Consultants Inc to Complete Preliminary Economic Assessment on the River Valley $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:06 AM on Wednesday, August 1st, 2018

NAM has commissioned P&E Mining Consultants Inc (P&E) to lead the PEA on the River Valley PGM Project.
DRA Americas Inc (DRA) will be collaborating with P&E to complete the PEA, please refer to the news release dated July 25, 2018 to read further into NAM engaging P&E for the PEA.
DRA will assess results from previous and ongoing mineralogical and metallurgical studies, which will help create a business model to determine an optimal processing route.

August 1, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F). Mr. Harry Barr Chairman/CEO stated: “We are pleased to announce that we have engaged DRA Americas Inc (DRA) to collaborate with P&E Mining Consultants Inc (P&E). Their combined objective is to complete the first economic study (PEA) on our River Valley PGM Project. On behalf of our shareholders, Board of Directors, management and consultants I am extremely pleased to get this all important economic study underway. River Valley is a unique North American Platinum Group Metal Project. These two extremely experienced engineering companies have been chosen because of their rare combination of engineering talent and expertise. The PEA will be a high-level engineering and financial study. The main conclusions of the study will include key financial parameters such as after-tax Net Present Value (NPV) and after-tax Internal Rate of Return (IRR) that will evaluate the projects economic viability.

In the meantime, our late summer 2018 drill planning is in progress, metallurgical and mineralogical studies are underway, a complete evaluation of all of our previous geophysical studies is in progress. Management will keep the shareholders informed through the exploration, development and PEA process.

About DRA Americas Inc

DRA is a multi-disciplinary global engineering group that offers comprehensive service such as: delivering mining, mineral processing, energy, agriculture, water treatment and infrastructure services from concept to project development financing options, delivery, asset management and maintenance services. DRA has over 30 years of experience and 3,000 employees working from 12 offices on five continents. DRA has engineered and built most of the primary PGM concentrators in the world representing the majority of the world’s primary platinum being produced. DRA is a preferred due diligence provider to many financial institutions including M&A of PGM projects. For more information on DRA please click the link here to go to their website. Refer to Figure 1 below to see a Platinum concentrator plant that was built by DRA for Ngezi Platinum in South Africa.

Click Image To View Full Size

Figure 1: 2.2 Mtpa concentrator plant built for the Impala Platinum, Ngezi project by DRA in South Africa.

About P&E Mining Consultants Inc.

P&E Mining Consultants Inc, was established in 2004 and provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E are affiliated with major Toronto based consulting firms for the purposes of collaborating on Feasibility Studies. Their experience covers over 300 technical reports, including but not limited to PGM’s and Base Metals projects.

P&E has experience in geological interpretation, 3D geologic modeling, technical report writing, Mineral Resource and Mineral Reserve Estimates, property evaluations, mine design, production scheduling, operating and capital cost estimates and metallurgical engineering. P&E Mining Consultants Inc operates under Certificates of Authorization from the provinces of Ontario, Newfoundland and Saskatchewan. Associates are also licenced in the provinces of British Columbia, Quebec, NWT/Nunavut and New Brunswick. For more information on P&E please click www.peconsulting.ca to go to their website.

About the PEA

The PEA will evaluate the River Valley Project at a high-level engineering and financial study level. The study will incorporate the latest information provided by the exploration programs as well as metallurgical and geotechnical studies, and recent geophysics. Two international mining engineering consulting groups are collaborating to complete the study: P&E Mining Consultants Inc and DRA Americas Inc.

P&E are the lead group on this study but will be working with DRA to first determine a target production rate by incorporating the most recent May 2018 Mineral Resource model, new mining, process, and geotechnical cost estimates as well as new open pit optimizations to develop a mine production schedule. Please refer to the news release dated July 25, 2018 to read further into NAM engaging P&E for the PEA.

From the target production rate, DRA will be using their extensive database of PGM concentrators to consider all possible processing routes for River Valley material. DRA will review all mineralogical and metallurgical test work that has been completed on River Valley material, with a main focus of analyzing results from an ongoing Ore Sorting study being conducted by XPS and Steinert. The purpose of the current XPS/Steinert study is to explore various methodologies that could facilitate pre-concentration of River Valley material. Pre-concentration would involve rejecting waste and therefore upgrading or increasing the value of material that will be trucked out to further processing.

DRA will further define specific mining and process design parameters for the River Valley Project in conjunction with P&E such as a preliminary mechanical equipment list, which will form the basis of a factored CAPEX estimate. Both firms work will complement each other and aid in developing a high-level review of infrastructure and utility requirements to create inputs for the final technical report which is expected to be completed on or before the end of the first half of 2019.

2018 Drill Program Slated for Late Summer/Fall

NAM plans to initiate a diamond drilling program on the newly discovered high-grade Pine Zone to contribute to early PEA work that will be performed by P&E. P&E will use all previous NI 43-101 compliant Mineral Resource data, the 2017/2018 Abitibi Geophysical report, the reinterpretation of Abitibi Geophysical reports by Alan King, P.Geo., our Sudbury Geophysical consultant as well as the 2018 Summer/Fall drilling results to determine a target mine size for the potential starter open pits in the northern 16 kilometres of mineralization. From this target size, P&E will be able to generate early and advanced mine production scenarios including a mine production schedule. The PEA is scheduled to be completed on or before the end of the first half of 2019.

Additional Northern Portion Footwall PGM Targets

(Pine Zone and other new drill targets)

Click Image To View Full Size

Figure 2: Induced Polarization (IP) chargeability results which show potential drill targets from the 2017 Alan King Geophysical report on the northern portion of the project.

Pine Zone: the most advanced of 9 priority structural PGM targets based on geophysics in the northern portion of the River Valley deposit: open to the east along strike. Target T3: large overlapping geological & surface IP chargeability anomaly in footwall to Dana North Zone; possible down-dip continuation of Pine Zone. Target T9: surface IP chargeability anomaly in footwall to Lismer Zone. Targets T4-T8: drill target modelling in progress. Plus, extensive IP chargeability anomaly in footwall to Banshee Zone and to the south at River Valley Extension (RVX)

Click Image To View Full Size

Figure 3: Zone map of the River Valley PGM Deposit: The Yellow Band in Figure 2 represents the footwall potential area of the River Valley Deposit. Over time NAM’s technical team would like to complete an extensive geophysical program from the top of the 16 km in the most northern zones to its most southernly areas that now are known as the River Valley Extension. The objective of a 16 km program would be to outline other Pine Zone type deposits. The 2018 Abitibi geophysical program and Alan King’s reinterpretation of that report have defined several excellent new targets in the northern portion of the project in both the footwall and along the established contact mineralization. See Figure 2, page 6 of this release for more related information.

ABOUT NAM’S LITHIUM DIVISION

The summer exploration plan has begun for the company’s Lithium Division (June 14 th, 2018). NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium-bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now expend a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is $2.950 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large underexplored pegmatite field. On July 11 th ,2018, NAM announced that they had exercised their option to search for Lithium and Rare Metals on the CAT4 claim. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018, June 6, 2018, June 13, 2018, July 11, 2018) or go to the investors presentation on www.newagemetals.com

ABOUT NAM’S PGM DIVISION

On April 4 th , 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18 th , 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Palladium (Pd)- Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A comprehensive report on previous exploration and future phases of work is slated for completion by early August 2018 on Genesis. This report will be completed by Avalon Development of Fairbanks Alaska.

After the Avalon report has been submitted to NAM, management will then actively seek an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model.

The results of the new Mineral Resource Estimate for NAM’s flagship River Valley PGM Project are tabulated in Table 1 below (0.4 g/t PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Measured	1,440,200	1,999,600	1,999,600	1,136,900
Indicated	1,856,900	2,626,700	2,626,700	1,463,800
Meas +Ind	3,297,200	4,626,300	4,626,300	2,600,700
Inferred	1,578,400	2,713,900	2,713,900	1,323,800

Notes:

A.CIM definition standards were followed for the resource estimation.
B.The 2018 Mineral Resource models used Ordinary Kriging grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
C.A base cut-off grade of 0.4 g/t PdEq was used for reporting Mineral Resources.
D.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
E.Numbers may not add exactly due to rounding.
F.Mineral Resources that are not Mineral Reserves do not have economic viability
G. The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, P.Geo., a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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.

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals $NAM.ca Engages DRA Americas Inc to Collaborate with P&E Mining Consultants Inc to Complete Preliminary Economic Assessment on the River Valley $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

New Age Metals $NAM.ca Engages P&E Mining Consultants Inc to Complete Preliminary Economic Assessment (PEA) Study on its 100% Owned River Valley Platinum Group Metals #PGM Project, Sudbury Ontario $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 8:53 AM on Wednesday, July 25th, 2018

NAM’s Platinum Group Metals (PGM) Division, more specifically our River Valley PGM Project in Sudbury, Ontario, is the largest undeveloped primary platinum group metal project in North America. Management has director approval to advance the project towards its first economic study, a Preliminary Economic Assessment (PEA).
NAM has engaged P&E Mining Consultants Inc of Toronto Ontario to lead the PEA study on the River Valley PGM Project.
The objectives of the PEA are to create a mine plan, mine schedule, a capital cost estimate, and an operating cost estimate incorporated into a financial model to provide total cash flow, after-tax net present value (NPV), and after tax internal rate of return (IRR).
NAM plans to initiate a 4th phase diamond drilling program (see page 2 for further details) on the newly discovered high-grade Pine Zone to contribute to early PEA work, performed by P&E Mining Consultants Inc and a second international mining consultant group selected to assist on this study.
The completion of the PEA is scheduled to be completed on or before the end of the first half of 2019; Geotechnical, metallurgical, mineralogical, and cost estimation work is ongoing, all of which will assist in the completion of the PEA.
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 or click here.
Our proposed Corporate Mandate is to build a series of open pits (bulk mining) over the 16 kilometres of mineralization. Initially, we will focus on the northern portion of the project and our proposed plan is to mine, crush, and concentrate on site, then ship the concentrates to Sudbury. The objective of NAM before the May 2018 NI 43-101 updated Mineral Resource Estimate was to increase the Mineral Resource in the northern portion of the project which has traditionally been higher grade (Dana North/Dana South/Lismer North) to over 1Moz of PGMs. The discovery of the new higher-grade Pine Zone has added considerably to this area. The new NI 43-101 accomplished this goal.

July 25th, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F). Mr. Harry Barr Chairman/CEO stated: “We are pleased to announce that we have engaged P&E Mining Consultants Inc to lead the first economic study on our River Valley PGM Project. The study is meant to evaluate the Project and complete a PEA which will be a high-level engineering and financial study. The main conclusions of the study will include key financial parameters such as after-tax Net Present Value (NPV) and after-tax Internal Rate of Return (IRR) that will evaluate the projects economic viability. NAM directors, management and technical team as well as P&E’s management team are also looking to engage a second engineering company and contract them for specialized PEA assistance focusing on developing high level processing parameters, metallurgical, and mineralogical scenarios.”

About P&E Mining Consultants Inc.

P&E Mining Consultants Inc, was established in 2004 and provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E are affiliated with major Toronto based consulting firms for the purposes of joint venturing on Feasibility Studies. Their experience covers over 300 technical reports, including but not limited to Platinum Group Metals (Platinum, Palladium, Gold, Rhodium) and Base Metals projects including Copper, Nickel, and Cobalt.

P&E has extensive Canadian and International experience in geological interpretation, 3D geologic modeling, NI 43-101 Technical Report writing, Mineral Resource and Mineral Reserve Estimates, property evaluations, mine design, production scheduling, operating and capital cost estimates and metallurgical engineering. P&E Mining Consultants Inc operates under Certificates of Authorization from the provinces of Ontario, Newfoundland and Saskatchewan. Associates are also licenced in the provinces of British Columbia, Quebec, NWT/Nunavut and New Brunswick.

2018 Drill Program Slated for Late Summer/Fall

NAM plans to initiate a diamond drilling program on the newly discovered high-grade Pine Zone to contribute to early PEA work that will be performed by P&E. P&E will use all previous NI 43-101 compliant Mineral Resource data, the 2018 Abitibi Geophysical report, the reinterpretation of Abitibi Geophysical reports by Alan King, P.Geo our Sudbury Geophysical consultant as well as the 2018 Summer/Fall drilling Results to determine a target mine size for the potential starter open pits in the northern 16 kilometres of mineralization. From this target size, P&E will be able to generate early and advanced mine production scenarios including a mine production schedule. The PEA is scheduled to be completed on or before the end of the first half of 2019.

Additional Northern Portion Footwall PGM Targets

(Pine Zone and other new drill targets)

Click Image To View Full Size

Figure 1: Induced Polarization (IP) chargeability results which show potential drill targets from the 2018 Alan King Geophysical report on the northern portion of the project.

Click Image To View Full Size

Figure 2: Zone map of the River Valley PGM Deposit: The Yellow Band in Figure 2 represents the footwall potential area of the River Valley Deposit. Over time NAM’s technical team would like to complete an extensive geophysical program from the top of the 16 km in the most northern zones to its most southernly areas that now are known as the River Valley Extension. The objective of a 16 km program would be to outline other Pine Zone type deposits. The 2018 Abitibi geophysical program and Alan King’s reinterpretation of that report have defined several new targets in the northern portion of the project. See Figure 1, page 3 of this release for more related information.

ABOUT NAM’S LITHIUM DIVISION

The summer exploration plan has begun for the company’s Lithium Division. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now expend a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is $2.950 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large underdeveloped pegmatite field and receives a consulting fee as the field manager of the project. In early June (June 14 th, 2018) the option/joint-venture has begun their field exploration program. On July 11 th ,2018, NAM announced that they had exercised their option to search for Lithium and Rare Earths on the CAT4 claim. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018, June 6, 2018, June 13, 2018, July 11, 2018) or go to the investors presentation on newagemetals.com.

ABOUT NAM’S PGM DIVISION

The results of the updated Mineral Resource Estimate for NAM’s flagship River Valley PGM Project are tabulated in Table 1 below (0.4 g/t PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Measured	1,440,200	1,999,600	1,999,600	1,136,900
Indicated	1,856,900	2,626,700	2,626,700	1,463,800
Meas +Ind	3,297,200	4,626,300	4,626,300	2,600,700
Inferred	1,578,400	2,713,900	2,713,900	1,323,800

Notes:

A.CIM definition standards were followed for the resource estimation.
B.The 2018 Mineral Resource models used Ordinary Kriging grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
C.A base cut-off grade of 0.4 g/t PdEq was used for reporting Mineral Resources.
D.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
E.Numbers may not add exactly due to rounding.
F.Mineral Resources that are not Mineral Reserves do not have economic viability.
G. The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals $NAM.ca Engages P&E Mining Consultants Inc to Complete Preliminary Economic Assessment (PEA) Study on its 100% Owned River Valley Platinum Group Metals #PGM Project, Sudbury Ontario $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN $LIC.ca $LIX.ca

#Lithium Demand Continues To Soar $NAM.ca $LIC.ca $LIX.ca $TSLA

Posted by AGORACOM-JC at 10:38 AM on Wednesday, July 4th, 2018

A steady roll-out of wireless products, such as power tools, vacuums, phones and computers over the past decade has driven increased demand for the metals that go into lithium batteries
Franklin Equity Groupâ€™s Steve Land explains why the growing adoption of electric vehicles (EVs) is one particular development that is arousing investor interest in those resources

A Bit of Background

For decades, lithium and its compounds have been used in a variety of ways, including in pharmaceuticals and chemical manufacturing. However, lithiumâ€™s popularity in recent years can be tied to the demand for lithium-ion batteries that power EVs, as well as smartphones, laptops and other products.

Although they are called lithium-ion batteries, they also contain significant amounts of cobalt, copper, nickel and sometimes manganese or aluminum. Battery technology continues to evolve, as companies look to reduce their reliance on harder to source materials. However, a need to produce a safe battery capable of delivering the high-performance characteristic needed for an EV makes this a slow process. Given the potentially rapid growth in EVs, battery suppliers are worried about shortages of critical elements in the years ahead.

The World Embraces Electric Vehicles

According to the International Energy Agency (IEA), by the end of 2017, there were more than three million EVs globally.1Â As the chart below shows, China has the largest stock of these vehicles, with more than 1.2 million EVs.

China has the longest-running national program to build up its EV volumes, including financial incentives to manufacture and buy the vehicles, as well as build out the countryâ€™s EV-charging station infrastructure. However, major world economies, including France, India, the United Kingdom and Norway, have set strict target dates by which they want to have specific percentages of EVs on the road.

Based on these new policies, the IEA projects there could be as many as 125 million EVs on the worldâ€™s roads by 2030.2Â Under its high-adoption scenario, where EVs comprise 30% of the global auto market by 2030, the agency projects up to 220 million electric cars could be on the road by then.3

Demand for EV Batteries Rises

In our view, the demand for lithium-ion batteries from technology firms and vehicle manufacturers is likely to grow exponentially, with automakers already scrambling to secure supplies as more customers switch their gas-guzzling vehicles for an electric alternative with significantly lower maintenance and operating costs. As the chart below shows, Bloomberg projects demand for both lithium and cobalt from the EV industry to increase at a compound annual growth rate of about 20% through 2040.4

The growing adoption of EVs has already led lithium and cobalt prices to rise dramatically over the past two years. In 2017 alone, the prices for lithium and cobalt rose 29% and 129% respectively, and many producersâ€™ share prices also increased sharply.5

The Road Ahead for Lithium Battery Production

Lithium is a relatively common element, so many market observers believe there should be enough lithium in the ground to meet the needs of an electric-car future. However, weâ€™ve already seen periods of market disruption amid concerns that heightened demand for lithium-ion batteries for EVs, laptops, drones and smartphones could prompt shortages.

Although common, developing naturally occurring lithium into a form and purity level suitable for modern battery usage can be a challenging process. Producers are building new, more efficient processing centers in response to the expected demand spike but it can still take several years for a new plant to reach the required specifications for EV battery-grade lithium.

With cobalt, virtually all (99%) of the worldâ€™s supply comes as by-products, where a small amount of cobalt is recovered from certain large copper and nickel mines around the world, making it difficult to grow supply. Although the nickel and copper markets are already much larger with diverse areas of demand, EV growth can still be a significant demand driver, especially when combined with the limited current investment in new mines.

Investment Implications

Despite the IEAâ€™s rosy outlook for EV adoption, its trajectory is likely to remain a hotly debated topic for the next decade. On the one hand, it seems clear that with tightening government emission standards and a growing consumer desire for low-pollution vehicles, EVs are going to be a critical part of the transportation mix going forward.

On the other hand, we do see some possible production issues for the metals that comprise EV batteries in the near term. The mining industry is still recovering from explosive Chinese-led demand growth in the early 2000s, a boom that resulted in the development of many of the worldâ€™s known ore bodies. What is left either requires higher-than-average costs or exists in more challenging mining jurisdictions such as central Africa.

Also, it typically takes about 15 years from first discovery to production for new mines. Mining companies need this lead time for exploration, engineering studies and proper environmental work before they can even consider beginning construction on new mines.

At this time, there are relatively few new copper and nickel projects in the development pipeline. Instead, major mining companies are focused on repairing balance sheets and returning cash to shareholders, coming off of a period of rapid expansion and cost blowouts.

The Democratic Republic of Congo (DRC) accounts for about 63% of the worldâ€™s cobalt production,6Â and many of the worldâ€™s undeveloped, low-cost copper and cobalt deposits are located in the DRC. That presents many unique operating and regulatory challenges as well as a concentration of supply risk to the EV industry.

Battery manufacturers are looking for ways to reduce the amount of cobalt in lithium batteries. However, it remains a critical safety and performance component for several of the leading battery chemistries.

The market for lithium outside of the battery industry is limited, so EV adoption will require the market to grow multiple times its current size. There are a number of lithium projects moving forward, but there are relatively few examples in recent history where raw materials companies have tried to deliver such a large increase in production in such a relatively short timeframe. Based on our experience, the only thing for certain is that all of the projects wonâ€™t be on time and under budget.

On paper, the amount of mined lithium seems to be tracking ahead of current demand scenarios, leading to a number of bearish forecasts from several analysts. The real challenge with lithium is less with the mining and more with the industryâ€™s ability to process and upgrade the material to a high-quality, battery-grade product. As a result, we believe the companies that are best positioned to benefit from EV demand growth are those with existing lithium capacity capable of delivering reliable, high-quality, battery-grade supply.

Mass adoption of EVs also has significant implications beyond the battery. Major infrastructure improvements will be required to create charging networks capable of high-speed charging. New power sources will have to be developed to provide the energy, and significant power distribution upgrades will have to take place to accommodate high voltage at-home charging in many parts of the world. These improvements are favorable for the copper and aluminum demand outlook.

Overall, we see a positive backdrop developing over the next decade for metals tied to the global roll-out of EVs, and thus we see opportunity in natural resource companies with exposure to the key building blocks of an electrified future.

The comments, opinions and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Because market and economic conditions are subject to rapid change, comments, opinions and analyses are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any industry, security or investment.

This information is intended for US residents only.

CFAÂ® and Chartered Financial AnalystÂ® are trademarks owned by CFA Institute.

To get insights from Franklin Templeton Investments delivered to your inbox, subscribe to theÂ Beyond Bulls & BearsÂ blog.

For timely investing tidbits, follow us on TwitterÂ @FTI_USÂ and onÂ LinkedIn.

What are the Risks?

Franklin Natural Resources Fund

All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors or general market conditions. Investing in a fund concentrating in the natural resources sector involves special risks, including increased susceptibility to adverse economic and regulatory developments affecting the sector. Growth stock prices may fall dramatically if the company fails to meet projections of earnings or revenue; their prices may be more volatile than other securities, particularly over the short term. Smaller companies can be particularly sensitive to changes in economic conditions and have less certain growth prospects than larger, more established companies and can be volatile, especially over the short term. The fund may also invest in foreign companies, which involve special risks, including currency fluctuations and political uncertainty. These and other risks are described more fully in the fundâ€™sÂ prospectus.

Investors should carefully consider a fundâ€™s investment goals, risks, sales charges and expenses before investing. Download aÂ prospectus, which contains this and other information. Please carefully read a prospectus before you invest or send money.

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1.Â Source: International Energy Agency, â€œGlobal EV Outlook 2018: Towards cross-modal electrification,â€ May 30, 2018. The report refers to an electric car as either a battery electric vehicle (BEV) or a plug-in hybrid electric vehicle (PHEV) in the passenger light-duty vehicle (PLDV) segment. It does not include hybrid electric vehicles (HEVs) without a plug.

2.Â Source: International Energy Agency, â€œGlobal EV Outlook 2018: Towards cross-modal electrification,â€ May 30, 2018.

3.Â Ibid.

4.Â Sources: Bloomberg, U.S. Geological Survey, estimates as of June 23, 2017. Important data provider notices and terms available at www.franklintempletondatasources.com.

5.Â Source: Bloomberg New Energy Finance, â€œThe Force Is With Clean Energy: 10 Predictions for 2018,â€ January 16, 2018.Â Important data provider notices and terms available at www.franklintempletondatasources.com.

6.Â Source: Bloomberg, â€œWeâ€™ll All Be Relying on Congo to Power Our Electric Cars,â€ October 27, 2017.Â Important data provider notices and terms available at www.franklintempletondatasources.com.

The Global X Lithium ETF (LIT) closed at $32.43 on Tuesday, up $0.07 (+0.22%). Year-to-date, LIT has declined -16.33%, versus a 1.92% rise in the benchmark S&P 500 index during the same period.

Source: https://etfdailynews.com/2018/07/04/lithium-demand-continues-to-soar-lit/

Tags: #smallcapstocks, $TSXV, CSE, EV, lithium
Posted in All Recent Posts, New Age Metals | Comments Off on #Lithium Demand Continues To Soar $NAM.ca $LIC.ca $LIX.ca $TSLA

How Big Will the Battery Boom Get? Try $548 Billion, BNEF Says #Lithium $NAM.ca

Posted by AGORACOM-JC at 11:34 AM on Tuesday, June 19th, 2018

Batteries will attract $548 billion in investments by 2050 as costs fall and homes and businesses push to use more clean energy
One of the conclusions of the New Energy Outlook released Tuesday by analysts at Bloomberg New Energy Finance
Batteries will become increasingly viable on the grid as demand for electric cars spurs manufacturing of lithium-ion systems, driving down prices

Mark Chediak

(Bloomberg) — Batteries will attract $548 billion in investments by 2050 as costs fall and homes and businesses push to use more clean energy.

Thatâ€™s one of the conclusions of the New Energy Outlook released Tuesday by analysts at Bloomberg New Energy Finance. Batteries will become increasingly viable on the grid as demand for electric cars spurs manufacturing of lithium-ion systems, driving down prices.

For more, listen to this mini-podcast on the BNEF report.

Batteries will allow more solar and wind to meet demand — even when the sun isnâ€™t shining or wind isnâ€™t blowing, helping end the era of fossil fuel dominance on the grid by mid-century, BNEF said. Battery prices are expected to fall to $70 a kilowatt-hour by 2030, down 67 percent from today, according to the report. BNEF expects 1,288 gigawatts of new batteries to be commissioned by 2050.

â€œItâ€™s a matter of â€˜when and howâ€™ and not â€˜ifâ€™ wind, solar and battery technologies will disrupt electricity delivery all over the world,â€ Seb Henbest, lead author the report, said in an interview.

Source: https://www.bloombergquint.com/business/2018/06/19/how-big-will-the-battery-boom-get-try-548-billion-bnef-says

Tags: #smallcapstocks, $TSXV, clean energy, CSE, green energy, lithium
Posted in All Recent Posts, New Age Metals | Comments Off on How Big Will the Battery Boom Get? Try $548 Billion, BNEF Says #Lithium $NAM.ca

New Age Metals $NAM.ca /Azincourt $AAZ.ca Energy Begin $600,000 Field Exploration Program on Lithium Two Project, in South East Manitoba, Winnipeg River Pegmatite Field $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:58 AM on Thursday, June 14th, 2018

New age large

-The New Age Metal/Azincourt Option – Joint Venture is the largest claim holder of Lithium Projects in the Winnipeg River Pegmatite Field with over 14,000 hectares (34,800 acres). The Option/Joint Venture has eight projects in this large pegmatite field and are exploring for lithium-bearing pegmatites and Rare Metals.

– Field exploration is underway which includes further ground proofing to better outline drill targets on the Lithium Two Project. Past historical drilling has outlined the Eagle Pegmatite (one of several pegmatites on the project). In 1947 a previous operator reported, 545,000 tonnes of 1.4% Li2O drilled to 60 meters and which was reported as open along strike and to depth. The Eagle Pegmatite is not 43-101 compliant.

– Management feels based on the geological history of the Lithium Two Project, and more specifically the Eagle Pegmatite target, that it is drill ready but management also believes a more in depth field review and geological mapping and sampling program on this large pegmatite would help our technical team to better understand how to pinpoint the summer 2018 drill holes.

– The overall objective for the Lithium Two project is to complete a compliant NI 43-101 report by the end of Q1 2019.

– Field surface exploration will commence on the Lithman West Project as soon as the field team completes the work on Lithium Two. Lithium Two is one of the 3 the drill ready projects and is slated to be drilled later in the year.

– NAM’s Lithium Division has a minimum commitment of $600,000 for exploration and drilling in 2018 which is financed by NAM’s option/joint-venture partner Azincourt Energy Corp. (TSX.V:AAZ).

– NAM’s PGM Division: NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM Project.

June 14th, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that through its Lithium Division, Lithium Canada Developments (LCD) and joint venture partner, Azincourt Energy, that field exploration is proceeding and underway on the Lithium Two Project in southeast Manitoba.

The field crews have nearly completed the first phase of the 2018 surface field exploration on the Lithium Two Project (see figure 1). This project is situated in the active Cat Lake region of southeast Manitoba. The project contains several known lithium-bearing pegmatites (Figure 2) with the Eagle Pegmatite being the largest known to date.

Historical drilling (43-101 non-compliant) of the Eagle Pegmatite in 1947 reported, 545,000 tonnes of 1.4% Li2O drilled to 60 meters and opened along strike and to depth. Management feels based on the geological history of the project that it is drill ready but also felt a field review and geological mapping programs and on this large pegmatite would better help our technical team define the existing summer drill targets.

Given the fact The Eagle Pegmatite is traceable on surface up to approximately 1100 meters and up to 12 meters wide. NAM completed a detailed exploration program of the surface pegmatites in 2016 which returned assays up to 3.04% for LiO2 for the Eagle Pegmatite and 2.08% from the FD5 Pegmatite. The 2018 field program consisted of sampling, prospecting and mapping. Assays will be sent out after the completion of field work on the project. Surface exploration will continue onto other Lithium Projects in the joint venture. Drilling is slated for summer 2018.

All eight Lithium Projects in the option/joint venture are located in the Winnipeg River-Cat Lake Pegmatite Field. This field hosts the world-class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine. The Tanco Pegmatite is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and numerous other Lithium-bearing pegmatites exist in the Pegmatite Field. The LCT-type pegmatites can contain large amounts of Spodumene (one of the primary ores used in hard rock Lithium extraction) and are a primary geological target in hard rock Lithium exploration. They also can contain economic qualities of Tantalum and Cesium as well as other Lithium bearing minerals such as Mica.

Click Image To View Full Size

Figure 1: Lithium Canada Development Southeast Manitoba Project Claim Outline: The Option/Joint Venture is the largest claim holder of Lithium Projects in the Winnipeg River Pegmatite Field with over 14,000 hectares (34,800 acres). Many of the projects have excellent infrastructure and a good ease of access.

Click Image To View Full Size

Figure 2: Geology Map of the Lithium Two Project

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ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8 th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. On May 23 rd , 2018, NAM’s board approved a Preliminary Economic Assessment (PEA) on River Valley Platinum Group Metals Project’s. Management is currently finalizing its selection of a 3rd party engineering company to complete this PEA. This will be the first economic study on the project. Alaska: April 4 th , 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18 th , 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Total Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Total Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Total Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Total Measured	1,440,248	1,999,575	1,999,575	1,136,930
Total Indicated	1,856,925	2,626,675	2,626,675	1,463,793
Total Meas +Ind	3,297,173	4,626,250	4,626,250	2,600,724
Inferred	1,578,367	2,713,933	2,713,933	1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

7. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

ABOUT NAM’S LITHIUM DIVISION

The summer exploration plan has begun for the company’s Lithium Division. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit on its first year a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is approximately $2.850 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018 ).

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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.

Tags: #mining, #smallcapstocks, $TSXV, CSE
Posted in All Recent Posts, New Age Metals, Small Cap Lithium Stocks | Comments Off on New Age Metals $NAM.ca /Azincourt $AAZ.ca Energy Begin $600,000 Field Exploration Program on Lithium Two Project, in South East Manitoba, Winnipeg River Pegmatite Field $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

New Age Metals $NAM.ca 2018 Abitibi IP Geophysics Report Completed, Exploration Program Initiated $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 10:33 AM on Wednesday, June 13th, 2018

New age large

River Valley Platinum Group Metals Project, Sudbury Ontario

1.New Age Metals (NAM) flagship project is the River Valley Project, which is the largest undeveloped primary PGM resource in North America, with 4.6 Moz PdEq in Measured Plus Indicated including an additional 2.6 Moz PdEq in Inferred. The River Valley PGM Project is located in Ontario and has an excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals (see news releases dated March 21st, 2018 and April 11 th , 2018).
2.Ground IP geophysics final report completed by Abitibi Geophysics. NAM’s Management is working with Alan King, NAM’s Sudbury Geophysical consultant, to review all geophysics and complete a separate more comprehensive report and recommendations.
3.The goal of the geophysical survey was to test various new footwall targets on the main River Valley PGM Deposit, southward of the 2016/2017 new discovery, the Pine Zone (See News Release: Jun 19 th , 2017) to cover the area between target anomalies T4 through to T9 (Figure 1) which is in the northern portion of the 16km project.
4.Field crews have mobilized to begin surface exploration on the project, more specifically to complete further detailed testing of the new geophysical anomalies from the Abitibi report and to collect further samples that will be used for additional ongoing metallurgical and mineralogical testing, all of which will add to the information needed to complete a Preliminary Economic Assessment (PEA).
5. The footwall PGM mineralization is new and the Pine Zone discovery has proven that it is both adjoining and adjacent to the existing mineralization and is an additional source of PGMs at the River Valley project. Several new large anomalies have been identified in the northern portion of the project and will be ground proofed in the summer and fall of 2018.
6.NAM’s management is working on finalizing its selection of an experienced PGM engineering company who will help NAM’s technical team to complete this projects first Economic study, a Preliminary Economic Assessment (PEA), on NAM’s 100% owned River Valley PGM Project.
7.NAM’s Lithium Division has a minimum commitment of $600,000 of exploration, leading to late summer/fall drill programs on NAM’s eight Lithium Project in Southeast Manitoba (see news release June 6 th , 2018), which is financed by NAM’s option/joint-venture partner Azincourt Energy Corp. (TSX.V:AAZ)

June 13th, 2018 / TheNewswire / Rockport, Ontario, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the Abitibi geophysical report for the River Valley Project is complete. All past and present geophysical reports are being reviewed by Alan King, the company’s Sudbury based Geophysical Consultant, and Mr. King’s objective is to work with NAM’s technical team to recommend a two phase drill program for the Northern portion of the River Valley Project based on several large new anomalies which appear to be adjacent to our existing mineralization.

The anomalies will be examined in 2018 in the field and if warranted, added to the two phase drill programs. Alan King’s report will include specific recommendations for drilling in the northern portion of the River Valley Project.

The ground geophysical survey performed was a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics (Thunder Bay, Ontario). OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution. The goal of the geophysical survey was to test the footwall portion to the main River Valley PGM Deposit, southward of the Pine Zone IP survey (News Release: Jun 19 th , 2017, and May 8 th ,2018) and to cover the area between target anomalies T4 to T9 (Figure 1). This area represents a survey strike length of approximately 2000 metres.

Click Image To View Full Size

Figure 1: Drill Hole Distribution Map in the Northern Portion of the River Valley PGM Deposit Showing Regions IP Geophysical Coverage. (Image only represents approximately 3.5 km of the overall strike length of the deposit)

An initial review of the chargeability plan map from the Abitibi report (Figure 2) shows a good correlation with the River Valley PGM Deposit at surface and the recent footwall discoveries in the Pine Zone. The mineralization zone (red unit on Figure 2, RV Mineralized Breccia Zone) has a well-defined geophysical signature (blue) on the chargeability map (Figure 2). This will be a strong exploration tool in going forward in planning new drill targets into the main zone and into the footwall. The main mineralization corresponds well and correlates with the chargeability feature. This feature extends the length of the survey and as mentioned, corresponds with the location of the surface mineralization. Figure 2 is the chargeability at the 125 meter level above sea level. A further review notes that the Pine Zone (footwall mineralization) extends perpendicular to near perpendicular from the chargeability feature. Elsewhere along the extent of the chargeability feature are other perpendicular to near perpendicular features similar to the area of the Pine Zone Figure 2 – Zones of Interest).

These anomalies will be further examined in the field as they may indicate other areas of footwall mineralization as seen at the Pine Zone.

Click Image To View Full Size

Figure 2: Chargeability at 125 m elevation level – Abitibi 2018 IP Survey – River Valley

Field crews will focus on the target areas above in Figure 2 to generate additional drill targets which appear to be adjacent to the existing mineralization identified in the May 8th 2018 NI-43-101 report.

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ABOUT NAM’S LITHIUM DIVISION

The summer/fall exploration plan has begun for the company’s Lithium Division. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit on its first year a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is approximately $2.950 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018).

ABOUT NAM’S PGM DIVISION

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Total Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Total Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Total Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Total Measured	1,440,248	1,999,575	1,999,575	1,136,930
Total Indicated	1,856,925	2,626,675	2,626,675	1,463,793
Total Meas +Ind	3,297,173	4,626,250	4,626,250	2,600,724
Inferred	1,578,367	2,713,933	2,713,933	1,323,809

Notes:

1.CIM definition standards were followed for the resource estimation.
2.The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
3.A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.
4.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
5.Numbers may not add exactly due to rounding.
6.Mineral Resources that are not mineral reserves do not have economic viability
7.The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
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New Age Metals $NAM.ca /Azincourt Energy Acquire 100% of the CATLAKE #Lithium Project, the 8th Lithium Project in Southeast Manitoba/2018 Field Program Initiate $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 9:52 AM on Wednesday, June 6th, 2018

Lithium Canada Development is the 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit an additional $250,000 in exploration expenditures and issue NAM an additional 250,000 shares of AAZ. This increases AAZ’s initial 50% exploration expenditure earn in for AAZ from $2.6 million to $2.850 million. This acquisition will also increase the shares to be issued to NAM from 1.5 million to 1.75 million, and adds an additional 2% royalty for NAM, for a total of eight royalties on the Lithium Projects in this pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions, see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018.
The recent project acquisition has strengthened New Age Metal/Azincourt Joint Venture position as the largest claim holder in the Winnipeg River Pegmatite Field as they are now in possession of an approximate total of 14,100 hectares (34,800 acres). These Manitoba projects that have excellent infrastructure are located in a mining friendly jurisdiction. The Joint Venture now has eight projects in this large lithium-bearing pegmatite field.
Preliminary field work and additional ground proofing is currently in progress on the Lithium Two Project. The objective of this work is to finalize a drill plan and initiate a drill program, which is slated for Q3/Q4 2018. Management of both companies plan to update their shareholders and interested parties with a complete exploration plans for all eight projects before the end of June and as the summer/fall progresses. The minimum exploration budget for 2018 is $600,000.
Lithium has an ever increasing demand for batteries in electric cars cellphones, laptops, solar storage, wireless charging and renewable energy products.
NAM’s Platinum Group Metals (PGM) Division, more specifically our River Valley PGM project in Sudbury, Ontario, is the largest undeveloped primary platinum group metal project in North America, and management is advancing the project towards its first economic study, more specifically, a Preliminary Economic Assessment (PEA). See news releases dated May 8, 2018 and May 23, 2018.

June 6th, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that its wholly owned subsidiary, Lithium Canada Developments (LCD), has acquired a 100% interest in the CATLAKE Lithium Project, by way of staking, in southeast Manitoba. The project has good infrastructure and is located in a region known for mining in the province.

The new CATLAKE Project consists of 9 claims for a total of an approximately 2000 hectares (4950acres) (Figure 1). It is located approximately 24 kilometers directly north of the Tanco Pegmatite. The world-class Tanco Pegmatite has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine.

Click Image To View Full Size

Figure 1: CATLAKE Lithium Project Claim Outline

CATLAKE Lithium Project

The CATLAKE Lithium Project is located directly north of the Lithium Two Project. The Lithium Two Project contains several lithium bearing pegmatites with a historic non 43-101 compliant 1947 drilled resource on the Eagle Pegmatite of 545,000 tonnes of 1.4% Li2O to a depth of only 60 meters. Historical reports have suggested that the Eagle Pegmatite is open to depth and along strike. Preliminary field work and additional ground proofing is currently in progress on the Lithium Two Project. The objective of this work is to finalize a drill plan and initiate a drill program, which is slated for Q3/Q4 2018. Management of both companies plan to update their shareholders and interested parties with a complete exploration plans for all eight projects before the end of June and as the summer/fall progresses. The minimum exploration budget for 2018 is $600,000.

The new claims were staked to add to the company’s expanding lithium exploration portfolio and to have a larger presence in the CATLAKE area which has seen an increase in recent exploration activity. Companies such as Quantum Minerals, Mustang Minerals and Equitorial Exploration are also active in this promising new lithium and rare metals region. The new claims are situated north of Quantum Minerals recent claim acquisition. They are staked over portions of the greenstone belt at CATLAKE and along the trend that hosts the Irgon Pegmatite (Quantum Minerals), both which hosts lithium-bearing pegmatites. .

The pegmatites in this region of southeast Manitoba are described as being a part of the Winnipeg River Pegmatite Field. Several large lithium-bearing pegmatites exist in this historic area and exploration activity in the region is increasing. This pegmatite field is host to the world-class Tanco Pegmatite, which is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and has been mined in varying capacities since 1969. The LCT-type pegmatites can contain large amounts of Spodumene (one of the primary ores used in hard rock lithium extraction) and are a primary geological target in hard rock lithium exploration. They also can contain economic qualities of tantalum and cesium as well as other lithium bearing minerals such as mica.

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ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8 th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. On May 23 rd , 2018, NAM’s board approved a Preliminary Economic Assessment (PEA) on River Valley Platinum Group Metals Project’s. This will be the first economic study on the project. Alaska: April 4 th , 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18 th , 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Total Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Total Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Total Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Total Measured	1,440,248	1,999,575	1,999,575	1,136,930
Total Indicated	1,856,925	2,626,675	2,626,675	1,463,793
Total Meas +Ind	3,297,173	4,626,250	4,626,250	2,600,724
Inferred	1,578,367	2,713,933	2,713,933	1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

ABOUT NAM’S LITHIUM DIVISION

The Company has seven pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. Lithium Canada Development is the 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit an additional $250,000 in exploration expenditures and issue NAM an additional 250,000 shares of AAZ. This increases AAZ’s initial 50% exploration expenditure earn in for AAZ from $2.6 million to $2.850 million. This acquisition will also increase the shares to be issued to NAM from 1.5 million to 1.75 million, and adds an additional 2% royalty for NAM, for a total of eight royalties on the Lithium Projects in this pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions, see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

Tags: $TSXV, clean energy, CSE, green energy, lithium, lithium]
Posted in All Recent Posts, New Age Metals, Small Cap Lithium Stocks | Comments Off on New Age Metals $NAM.ca /Azincourt Energy Acquire 100% of the CATLAKE #Lithium Project, the 8th Lithium Project in Southeast Manitoba/2018 Field Program Initiate $LIC.ca $LIX.ca

Sales of electric cars #EV soar â€“ over 3 million on the road! #Tesla $TSLA $NAM.ca $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 11:05 AM on Thursday, May 31st, 2018

By Matthew H Tong / 31 May 2018 7:32 pm

Demand for cobalt and lithium is increasing and could rise tenfold unless technological advances reduce that figure
Over 60% of cobalt in the world is mined in the Democratic Republic of the Congo, where child labour still occurs.

The International Energy Agency (IEA) has released its Global Electric Vehicles Outlook report for this year, which stated that there are currently 3.1 million electric vehicles (EV) on the road today. In fact, the encouraging uptake of EVs over the past year has become the basis for the IEAâ€™s projection that, by 2030, there will be 220 million of such vehicles on public roads.

According to the report, about 1.1 million electric cars were sold in 2017, representing a 54% jump from 2016. Interestingly, over 50% or approximately 580,000 units were sold in China alone. The US also showed significant growth â€“ EV sales more than doubled in 2017 compared to 2016, with over 280,000 units sold in the course of 12 months. In 2016, the figure stood at 120,000 units.

In terms of market share for new sales, Norway tops the chart with 39%, followed by Iceland with 11.7% and Sweden with 6.3%. However, over 99% of electric bus and electric two-wheelers were sold in China.

Given the growth in demand for electric vehicles, itâ€™s not surprising that the demand for charging stations have also been on the rise. In 2017, approximately three million private chargers have been installed at residential and commercial/business properties, whereas nearly 430,000 public charging stations â€“ 25% of which are fast chargers â€“ have been installed as well.

On average, EV sales could climb by 24% each year till 2030. The problem is keeping up with demand â€“ to keep up, the world requires at least 10 more battery gigafactories, Bloomberg said. Demand for cobalt and lithium is increasing and could rise tenfold unless technological advances reduce that figure. Over 60% of cobalt in the world is mined in the Democratic Republic of the Congo, where child labour still occurs.

The IEA credited the growth of EV to â€œgovernment policy, including public procurement programs, financial incentives reducing the cost of purchase of EVs, tightened fuel-economy standards and regulations on the emission of local pollutants, low- and zero-emission vehicle mandates and a variety of local measures.â€

Source: https://paultan.org/2018/05/31/sales-of-electric-cars-soar-over-3-million-on-the-road/

Tags: #mining, $TSXV, CSE
Posted in All Recent Posts, New Age Metals, Small Cap Lithium Stocks | Comments Off on Sales of electric cars #EV soar â€“ over 3 million on the road! #Tesla $TSLA $NAM.ca $LIC.ca $LIX.ca

New Age Metals $NAM.ca Board Approves Preliminary Economic Assessment (PEA) River Valley Platinum Group Metals Project’s First Economic Study $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:47 AM on Wednesday, May 23rd, 2018

New age large

1.New Age Metal’s (NAM) board gave the authority for management to complete the River Valley Projects first economic study, a Preliminary Economic Assessment (PEA), which is slated to be completed before the end of Q1 2019

2.The PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical, geotechnical studies, and the new geophysics. The objective of the PEA would be a mine plan, mine schedule, a capital cost estimate, operating cost estimate incorporated into a financial model to provide total cash flow, net present value (NPV), and internal rate of return (IRR).

3.River Valley is the largest undeveloped primary PGM resource in North America, with 4.6Moz PdEq in Measured Plus Indicated including an additional 2.7Moz PdEq in Inferred. The River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals.

4.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 or click here.

May 23rd, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that the directors of the company have approved the request, from management, that NAM would like to complete a Preliminary Economic Assessment (PEA), on the 100% owned River Valley Platinum Group Metals (PGM) Project. Located approximately 100 km from the world famous Sudbury Metallurgical Complex, the River Valley Project is the largest undeveloped primary PGM resource in Canada. View our Corporate Video here.

The PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical, geotechnical studies, and the new geophysics. The objective of the PEA would be a mine plan, mine schedule, a capital cost estimate, operating cost estimate incorporated into a financial model to provide total cash flow, net present value (NPV), and internal rate of return (IRR). NAM is currently conducting negotiations with several 3rd party engineering companies and will finalize its selection by the end of June 2018. NAM’s phase 1 program outlined in the NI-43-101: Diamond Drilling, Geological and Engineering Consulting, Metallurgical Studies, Geotechnical Studies, and a LiDAR survey. The approximate cost of the phase 1 program, including the PEA, will be $980,000, according to WSP Canada, the company who completed the May 2018 NI-43-101.

WSP, who completed the May 2018 NI-43-101, recommends that additional exploration expenditures are warranted to improve the viability of the Project and advance the Project towards a Preliminary Economic Assessment (PEA). It is recommended that NAM undertake a two-stage exploration program focused on delineation and expansion drill programs that will concentrate on the open pit potential along strike and down-dip of the known resources. Each program can be carried out concurrently and independently of each other; neither is contingent on the results of the other.

River Valley 2018 Exploration & Development Objectives

1.Ground IP geophysics from T3 south to T9 completed and Alan King, NAM’s Sudbury based Senior Geophysical Consultant, will have his final recommendations (for Q2 2018)
2.Utilize the new resource estimation, geophysical studies and reports to establish further drill targets (Q1-Q3 2018)
3.Continue with drilling in the northern portion of the project (Q3-Q4 2018 & Q1 2019)
4.Explore more target areas based on recommendations of the updated 43-101 and the 2018 geophysics (Q3-Q4 2018 & Q1-Q2 2019)
5.Complete further baseline studies, geotechnical studies, a Lidar survey, and mineralogical and metallurgical studies (Q4 2018)
6.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit (slated for end of Q1 2019)
7.The PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical and geotechnical studies. The output of the PEA would be a mine plan, mine schedule, a capital cost estimate, operating cost estimate incorporated into a financial model to provide total cash flow, net present value (NPV), and internal rate of return (IRR).
8.Our Corporate Mandate is to build a series of open pits (bulk mining) over the 16 kilometers of mineralization. We will mine, crush, and concentrate on site, then ship the concentrates to Sudbury. The objective of NAM before the March 2018 NI-43-101 was to increase the resource in the northern portion (Pine Zone/Dana North/Dana South/Lismer North) to over 1Moz of PGMs. The new NI-43-101 accomplished this.

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

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8 th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. Alaska: April 4 th , 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18 th , 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Total Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Total Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Total Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Total Measured	1,440,248	1,999,575	1,999,575	1,136,930
Total Indicated	1,856,925	2,626,675	2,626,675	1,463,793
Total Meas +Ind	3,297,173	4,626,250	4,626,250	2,600,724
Inferred	1,578,367	2,713,933	2,713,933	1,323,809

Notes:

1.CIM definition standards were followed for the resource estimation.
2.The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
3.A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.
4.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
5.Numbers may not add exactly due to rounding.
6.Mineral Resources that are not mineral reserves do not have economic viability
7.The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

PRIVATE PLACEMENT EXTENSION

The Company also announces that it has received approval from the TSX Venture Exchange (the “Exchange”) for an extension to complete its current non-brokered private placement financing previously announced May 7, 2018 for proceeds of up to $1,200,000. For further details on the private placement please contact Paul Poggione, Corporate Development, 1-613-659-2773, [email protected].

ABOUT NAM’S LITHIUM DIVISION

The Company has seven separately funded pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018, Feb 22 nd , 2018 and April 11 th , 2018 Press Releases) whereby Azincourt will commit up to $4.35 million dollars in exploration, up to 3.5 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 7 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $600,000 will be expended this year. For complete details on the terms and conditions of the NAM/AAZ option joint venture please see the press release dated Jan 15 th , 2018.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
Posted in New Age Metals | Comments Off on New Age Metals $NAM.ca Board Approves Preliminary Economic Assessment (PEA) River Valley Platinum Group Metals Project’s First Economic Study $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

New Age Metals $NAM.ca / Azincourt Energy Acquire Lithman West Extension, the 7th Lithium Project in Southeast Manitoba $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 9:59 AM on Thursday, May 10th, 2018

New age large

1.Lithium Canada Development is the 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit an additional $250,000 in exploration expenditures and issue NAM an additional 250,000 shares of AAZ. This increases AAZ’s initial 50% exploration expenditure earn in for AAZ from $2.350 million to $2.6 million. This acquisition will also increase the shares to be issued to NAM from 1.25 million to 1.5 million, and adds an additional 2% royalty for NAM, for a total of seven royalties on the Lithium Projects in this pegmatite field. For additional information on the NAM/AAZ option/joint-venture see the news release dated Jan 15, 2018.

2.The recent project acquisition of this new project has made the New Age Metal/Azincourt Joint Venture the largest claim holder of Lithium in the Winnipeg River Pegmatite Field as they are now in possession of an approximate total of 12,100 hectares (29,900 acres). At present, the Joint Venture has seven projects in the pegmatite field exploring for lithium-bearing pegmatites.

3.AAZ has also agreed to increase the minimum exploration commitment for 2018 from $500,000 to $600,000.

4.The 2018 budget will allow for 2 of the 3 drill ready projects to be drilled and preliminary field work and additional ground proofing to be completed on the project.

5.Lithium has an ever increasing demand for batteries in electric cars cellphones, laptops, solar storage, wireless charging and renewable energy products.

6.On May 8th, 2018, NAM announced a $1.2 million private placement. For further details please click the link here.

May 10th, 2018 / TheNewswire / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that through its Lithium Division, Lithium Canada Developments (LCD) it has acquired 100% of the Lithman West Extension Project, by way of staking, in southeast Manitoba. The project has good infrastructure and is located in a region known for mining in the province.

The new Lithman West Extension Project consists of 12 claims for a total of an approximately 2725 hectares (6734 acres) (Figure 1). It is located approximately 4 kilometers west from the Tanco Mine Site. The world-class Tanco Pegmatite has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine.

Click Image To View Full Size

Figure 1: Lithman West Extension Project Claim Outline: New Age Metals now owns 100% of 7 large pegmatite claims in Manitoba. A minimum of $600k has been committed for 2018 by NAM’s option/joint venture partner Azincourt.

Lithman West Extension Project

The Lithman West Extension Project is located west and south of the Lithman West Project that the company staked in 2016. The two projects cover over 12 kilometers of continuous strike length of the Bernic Lake Formation (the geological unit/formation that hosts the Tanco Pegmatite and several other lithium bearing pegmatites). The Lithman West Project acquisition and staking was focused on covering all the synvolcanic intrusive units (gabbros and diorites) which is the host rock unit of the Tanco Pegmatite, located to the east of the project. The Lithman West Extension Project was designed to cover the remainder of the Bernic Lake Formation’s westward extent from the Tanco Pegmatite.

The Tanco Pegmatite has been postulated to be situated in a limb of a fold. The axial plane trace of this fold runs through both projects and therefore the potential of the area to host a similar pegmatite such as the Tanco Pegmatite is the exploration goal of the Lithman West and Lithman West Extension. There also are several other axial planes of regional folds that run through the project area.

In the area of the Lithman West Extension Project, several known occurrences of pegmatite exposures are present. The pegmatites in the southern portion of the project area are associated with what is deemed the Shatford Lake Pegmatite Group (one of ten pegmatite groups within the Winnipeg River Pegmatite Field). The Silverleaf Pegmatite on the Lithium One Project is also a part of the Shatford Lake Pegmatite Group and it is one of several pegmatites in the Pegmatite Group that contain lithium-bearing pegmatites.

Click Image To View Full Size

Figure 2: The Winnipeg River Pegmatite Field

The pegmatites in this region of southeast Manitoba are described as being a part of the Winnipeg River Pegmatite Field. Several large lithium-bearing pegmatites exist in this region and exploration activity in the region is increasing (Figure 3). This pegmatite field is host to the world-class Tanco Pegmatite, which is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and has been mined in varying capacities since 1969. The LCT-type pegmatites can contain large amounts of spodumene (one of the primary ores used in hard rock lithium extraction) and are a primary geological target in hard rock lithium exploration. They also can contain economic qualities of tantalum and cesium as well as other lithium bearing minerals such as mica.

Click Image To View Full Size

Figure 3: Idealized outline of the Winnipeg River Pegmatite Field and the location of the world-class Tanco Mine which has been in operation since 1969.

Exploration Plan 2018

Work permits have been applied for with the province of Manitoba for surface exploration. Once the permits are granted, field crews will be mobilized. Exploration on the Lithman West Extension Project will consist of prospecting and sampling the known surface pegmatites and their surrounding areas with the objective to outline new drill targets.

The recent project acquisition of this new project has made the New Age Metal/Azincourt Joint Venture the largest claim holder for Lithium Projects in the Winnipeg River Pegmatite Field. At present, the Joint Venture has seven projects in the pegmatite field exploring for lithium-bearing pegmatites.

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

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see March 21 st, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. Alaska: April 4 th , 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18 th , 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Total Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Total Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Total Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Total Measured	1,440,248	1,999,575	1,999,575	1,136,930
Total Indicated	1,856,925	2,626,675	2,626,675	1,463,793
Total Meas +Ind	3,297,173	4,626,250	4,626,250	2,600,724
Inferred	1,578,367	2,713,933	2,713,933	1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

ABOUT NAM’S LITHIUM DIVISION

The Company has seven pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018, Feb 22 nd , 2018 and April 11 th , 2018 Press Releases) whereby Azincourt will commit up to $4.35 million dollars in exploration, up to 3.5 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 7 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $600,000 will be expended this year. For complete details on the terms and conditions of the NAM/AAZ option joint venture please see the press release dated Jan 15 th , 2018.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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