Agoracom Blog Home

Posts Tagged ‘palladium’

INDUSTRY BULLETIN: Power Nickel Taps Global Expert to Guide Nisk Project in Quebec

Posted by Paul Nanuwa at 11:52 AM on Friday, May 10th, 2024

Introduction

Power Nickel Inc., a Canadian junior exploration company, has taken a significant step by engaging internationally renowned geoscientist Dr. Steve Beresford as a special adviser. This strategic move aims to strengthen the company’s development of the Nisk project, poised to become Canada’s first carbon-neutral nickel mine. The announcement underscores Power Nickel’s commitment to building a world-class nickel-copper-platinum group metals (PGE) project in Quebec, leveraging expert guidance to achieve its goals.

Industry Outlook and Power Nickel’s Trajectory

The shift toward electric vehicles and the broader adoption of clean energy technologies has amplified the demand for nickel and associated PGMs. With the Nisk project in Quebec, Power Nickel stands to capitalize on this trend. Dr. Beresford’s vast experience in exploring and assessing magmatic nickel-copper-PGE deposits across 66 countries brings invaluable expertise to Power Nickel’s operations. This strategic collaboration positions the company to meet the growing demand for these crucial metals while navigating the challenges in the exploration and development of such projects.

Voices of Authority

Power Nickel’s CEO, Terry Lynch, expressed enthusiasm about working with Dr. Beresford, citing the geoscientist’s expertise as a pivotal asset in advancing the Nisk project. “We are confident his knowledge will expedite our exploration program and understanding of Nisk to give us the best chance of success,” Lynch remarked. Dr. Beresford shared his optimism about joining Power Nickel, noting that the Nisk project’s geodynamic setting and prospect scale characteristics align with those of zoned polymetallic systems, which can yield substantial value from nickel, copper, and PGMs.

Key Highlights and Advantages

The Nisk property encompasses a 20-kilometer strike length with high-grade mineralization, shallow mineral depth, and favorable infrastructure, including a nearby Hydro-Quebec substation supplying low-carbon hydropower. Power Nickel’s decision to bring Dr. Beresford on board reflects its intention to tap into these advantages and maximize the project’s potential. The company’s upcoming exploration and drilling efforts are set to benefit from the technical advice provided by Dr. Beresford, which can lead to more efficient operations and enhanced resource assessments.

Real-World Relevance

Power Nickel’s work on the Nisk project has broader implications, with its focus on sustainability and carbon neutrality aligning with the global drive toward greener energy solutions. By advancing a high-grade nickel-copper-PGE project in Quebec, Power Nickel aims to contribute to the electric vehicle revolution and other emerging industries that rely on these metals. The company’s approach, emphasizing responsible exploration and collaboration with government and first nation partners, underscores its commitment to operating in an environmentally and socially responsible manner.

Looking Ahead with Power Nickel

With Dr. Beresford’s guidance, Power Nickel plans to continue its exploration and drilling programs to further define the Nisk project’s resource potential. The company’s forward-looking goals involve not only expanding its nickel-copper-PGE resources but also establishing a sustainable pathway toward production. As Power Nickel continues its journey, investors and industry stakeholders will be watching to see how the company’s strategic moves contribute to its growth trajectory and the broader nickel industry’s development.

Conclusion

Power Nickel’s collaboration with Dr. Steve Beresford marks a significant milestone in the company’s journey to establish a leading nickel-copper-PGE project in Quebec. By combining technical expertise, strategic planning, and a focus on sustainability, Power Nickel presents a compelling investment opportunity. As the demand for nickel and PGMs continues to rise, Power Nickel’s efforts to build a carbon-neutral nickel mine position it as a key player in the evolving landscape of clean energy and electric vehicle technology. Keep an eye on Power Nickel as it charts its course toward a greener and more sustainable future.

YOUR NEXT STEPS 

Visit $PNPN HUB On AGORACOM: https://agoracom.com/ir/PowerNickel

Visit $PNPN 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/PowerNickel/profile

Visit $PNPN Official Verified Discussion Forum On AGORACOM:

https://agoracom.com/ir/PowerNickel/forums/discussion

Watch $PNPN Videos On AGORACOM YouTube Channel:

https://youtube.com/playlist?list=PLfL457LW0vdLJgdyN9gnd7VKr4xMKBpQ7&si=DumfF-sMw_Uat7Ce

DISCLAIMER AND DISCLOSURE

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) . As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients. In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations. These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

NO INVESTMENT ADVICE

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

Neither the writer of this record nor AGORACOM is an investment advisor. Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

If you have any questions, please direct them to [email protected]

For our full website disclaimer, please visit https://agoracom.com/terms-and-conditions

 

INDUSTRY BULLETIN – Power Nickel Believes Company Is One of The World’s Best Nickel Investment Opportunities

Posted by Paul Nanuwa at 12:47 PM on Wednesday, April 24th, 2024

As the world shifts towards a more sustainable future, electric vehicles (EVs) have become a key player in reducing carbon emissions and fossil fuel dependency. Central to this transition is the nickel used in lithium-ion batteries, the power source for EVs. In this context, Power Nickel Inc., a Canadian junior exploration company, has positioned itself as a leader in the exploration and development of high-grade nickel projects. With the company’s recent acquisition of an additional 30% stake in the Nisk Project, Power Nickel has solidified its role in the rapidly growing EV battery manufacturing industry.

Industry Outlook and Power Nickel’s Trajectory

The demand for nickel in EV battery manufacturing is on a steep upward trajectory. According to industry projections, the global demand for nickel is expected to increase six-fold by 2030, driven by the rapid growth of electric vehicle production worldwide. This surge in demand underscores the critical role that nickel plays in the journey towards a greener future.

Power Nickel’s focus on developing high-grade nickel-copper platinum group elements (PGE) mineralization is perfectly aligned with this industry trend. The company’s flagship project, the Nisk Project, encompasses 20 kilometers of strike length with numerous high-grade intercepts, positioning Power Nickel to meet the industry’s growing demand for nickel.

Voices of Authority

Industry leaders and experts are emphasizing the importance of nickel in the transition to electric vehicles and a sustainable future. Terry Lynch, CEO of Power Nickel, commented on the recent acquisition, stating, “We look forward to ramping up our efforts throughout 2024 and 2025 as we seek to bring these targets to a production decision.” This sentiment reflects the optimism within the industry and Power Nickel’s commitment to contributing to a carbon-neutral future.

Kenneth Williamson, Power Nickel’s VP of Exploration, added that the company’s drilling program has yielded significant results, providing a strong foundation for future exploration. “With 15 successful holes at the Lion Discovery zone and additional assays on the way, we’re excited about the potential of the Nisk Project,” he noted.

Power Nickel’s FLASH Highlights

The latest resource estimate for Power Nickel’s Nisk Project presents a promising outlook with significant indications of nickel and associated minerals. The assessment reveals a considerable amount of both indicated and inferred resources, indicating the high potential of the project’s nickel sulfide deposits.

Here are the key details from the resource estimate:

  • Indicated Resources:
    • The Nisk Project has over 5.4 million tonnes of indicated resources, grading an average of 1.05% Nickel Equivalent (NiEq). This category reflects mineralized material with a higher level of geological confidence, derived from drilling results and other studies.
  • Inferred Resources:
    • In addition to the indicated resources, there are 1.8 million tonnes of inferred resources, grading at 1.35% NiEq. While this category has lower geological certainty compared to indicated resources, it shows the considerable potential for further exploration and resource expansion.

In addition, Power Nickel has achieved several key milestones that underscore its strategic position in the industry. The company’s acquisition of an additional 30% stake in the Nisk Project, increasing its ownership to 80%, is a significant step towards its goal of developing Canada’s first carbon-neutral nickel mine. Additionally, Power Nickel’s Winter 2024 drill program revealed high-grade assay results, further validating the project’s potential.

These achievements not only demonstrate Power Nickel’s commitment to exploration and development but also highlight its capacity to contribute to the broader EV battery manufacturing industry.

Real-world Relevance

Power Nickel’s work has a direct impact on the EV industry and, by extension, on our everyday lives. The nickel sourced from projects like Nisk is a key component in lithium-ion batteries, which power electric vehicles and a wide range of portable electronic devices. This connection between nickel mining and green technology is a tangible example of how companies like Power Nickel are driving positive change in the world.

Moreover, the company’s commitment to carbon neutrality aligns with the broader sustainability goals that many industries are striving to achieve. As electric vehicles become more prevalent, the need for sustainable nickel sourcing will only grow, reinforcing Power Nickel’s relevance in this evolving landscape.

Looking Ahead with Power Nickel

Power Nickel’s forward-looking goals are closely tied to the optimistic industry forecast for the nickel sector. The company’s ongoing exploration and development efforts are set to continue throughout 2024 and 2025, with plans to bring the Nisk Project to a production decision. This ambitious approach reflects Power Nickel’s confidence in the project’s potential and its dedication to contributing to the growth of the nickel industry.

With the demand for nickel in EV battery manufacturing expected to soar, Power Nickel is well-positioned to capitalize on this trend. As the company moves forward, its focus on high-grade mineralization, sustainability, and exploration will play a crucial role in shaping its future success.

Conclusion

Power Nickel’s recent achievements and strategic trajectory make it a compelling participant in the nickel industry’s growth narrative. With the increasing demand for nickel in EV battery manufacturing, the company’s focus on high-grade projects and sustainable practices positions it as a key player in this dynamic industry. Power Nickel’s journey towards becoming a leading provider of nickel and multi-element mineralization is a story worth watching.

YOUR NEXT STEPS 

Visit $PNPN HUB On AGORACOM: https://agoracom.com/ir/PowerNickel

Visit $PNPN 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/PowerNickel/profile

Visit $PNPN Official Verified Discussion Forum On AGORACOM:

https://agoracom.com/ir/PowerNickel/forums/discussion

Watch $PNPN Videos On AGORACOM YouTube Channel:

https://youtube.com/playlist?list=PLfL457LW0vdLJgdyN9gnd7VKr4xMKBpQ7&si=DumfF-sMw_Uat7Ce

DISCLAIMER AND DISCLOSURE

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) . As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients. In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations. These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

NO INVESTMENT ADVICE

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

Neither the writer of this record nor AGORACOM is an investment advisor. Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

If you have any questions, please direct them to [email protected]

For our full website disclaimer, please visit https://agoracom.com/terms-and-conditions

New Age Metals $NAM.ca $NMTLF Initiates Pre-Feasibility Study for the River Valley Palladium Project, $WG.ca $XTM.ca $WM.ca $PDL.ca $PGM.ca

Posted by AGORACOM at 8:50 AM on Monday, April 12th, 2021
http://www.smallcapepicenter.com/NAM%20square.png
  • Will take 8 to 12 months
  • Completion early 2022

New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J.F) (“NAM” or “Company”) is pleased to announce agreements with leading engineering firms to complete a Pre-Feasibility Study of its 100% owned River Valley Palladium Project near Sudbury, Ontario (Canada). The Pre-Feasibility Study will be undertaken over the next 8 to 12 months, with completion slated for early 2022.  

The Pre-Feasibility Study will be completed by four engineering firms: P&E Mining Consultants Inc. for Initial Mineral Reserve estimation, mine planning, economic analysis and Project Lead; SGS Canada Inc. and D.E.N.M. Engineering Ltd. for mineral processing and metallurgical test work; Knight-Piésold Consulting for design of the tailings facility and open pit geotechnical engineering; and Story Environmental for environmental and community impact interactions and permitting. P&E Mining Consultants Inc. will be updating the Mineral Resource Estimate and leading the preparation of the Pre-Feasibility Study NI 43-101 Technical Report.

Harry Barr, Chairman and CEO, said, “We are extremely pleased to have assembled such an impressive team for our Pre-Feasibility Study. These firms will work together with NAM to optimize the value of the River Valley Palladium Project, by maximizing the economic aspects while minimizing the environmental impacts and benefitting the local communities. The River Valley Project will be very well-timed for the green metal revolution.”

Work for the Pre-Feasibility Study is planned to commence this month. Four new holes will be drilled by NAM to recover fresh material for new mineral processing and metallurgical testwork. The SGS Canada Inc. and D.E.N.M team will work on the material to optimize recovery of palladium, platinum, gold, copper, nickel, rhodium and cobalt. This work will build on previous studies by SGS Lakefield in 2012 and include, for the first time, systematic rhodium recovery determinations. Knight-Piésold Consulting will complete the first geotechnical and geomechanical studies of the Project, based on new drilling and excavations by NAM in the areas of the open pit mines, processing plant, waste dumps and tailings facilities, as outlined in the Preliminary Economic Assessment (“PEA”) of June 2019 (Figure 1). Story Environmental will continue baseline environmental studies and build effective relationships with local government agencies and communities, including First Nations, for future permit applications and approvals.

Read More: https://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/758868-nam-initiates-pre-feasibility-study-for-the-river-valley-palladium-project-sudbury/messages/2311568#message

New Age Metals $NAM.ca $NMTLF Drone Magnetic Survey to be Completed on Several Lithium Projects in Southeast Manitoba $WG.ca $XTM.ca $WM.ca $PDL.ca $PGM.ca

Posted by AGORACOM at 9:25 AM on Tuesday, April 6th, 2021
http://www.smallcapepicenter.com/NAM%20square.png
  • NAM has contracted EarthEx Geophysical Solutions (EarthEx) to conduct several UAV-Borne Magnetometry Surveys on the Company’s Lithium Projects in southeast (SE) Manitoba
  • The program is being co-funded by the Company and the Manitoba Mineral Development Fund (MMDF) which is administered by the Chamber of Commerce
  • NAM has 100% ownership of seven pegmatite hosted Lithium and Rare Element Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba
  • NAM’s exploration focus on SE Manitoba is on Lithium-bearing pegmatites – The seven projects are strategically situated within the Winnipeg River Pegmatite Field

New Age Metals Inc. (NAM) (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) (“NAM” or the “Company”) is pleased to announce that a Drone Magnetic Survey is being initiated on their Lithium Projects in SE Manitoba through their wholly owned subsidiary, Lithium Canada Development.

The Drone Magnetic Survey is a UAV-Borne Magnetometry survey. The present system being used by EarthEx is the highest resolution drone magnetics system on the market today. EarthEx is a Manitoba-based geophysical consulting company. Daniel Card, Chief Geophysicist and President of EarthEx said “We are excited to be working with such a highly reputable company as New Age Metals, in this prolific pegmatite district, providing services which will accelerate the path to new discoveries.” The EarthEx airborne magnetic geophysical survey technology will be used to further define future drill targets for the Company’s Lithium Two, Lithman West and Cat Lake Lithium Projects, Figure 1.

Harry Barr, Chairman and CEO stated, “Our team is busy advancing the Lithium Projects in SE Manitoba. Drilling is occurring in the next few weeks on one of our Lithium Projects and the Drone Magnetic Survey will help us better determine other drill targets. The potential for economic Lithium Deposits in Manitoba is strong and New Age with its Lithium Division, Lithium Canada Development are pleased to be fully funded and active in the Lithium space in Manitoba. We are also very fortunate to be partnering with the Manitoba Mineral Development Fund again on this work program to help develop this underexplored lithium region.”

Read More: https://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/758574-drone-magnetic-survey-to-be-completed-on-several-new-age-metals-lithium-projects-in-southeast-manitoba/messages/2310962#message

New Age Metals $NAM.ca $NMTLF Closes First Tranche of $2,975,000 with Lead Order from Eric Sprott $WG.ca $XTM.ca $WM.ca $PDL.ca $PGM.ca

Posted by AGORACOM at 11:30 AM on Wednesday, March 31st, 2021
http://www.smallcapepicenter.com/NAM%20square.png
  • Gross proceeds of $2,975,000
  • 1st of 2 Tranches

New Age Metals Inc. (TSXV:NAM) (OTC:NMTLF) (FSE:P7J) (“NAM” or the “Company“), is pleased to announce that further to the news release of March 26, 2021, the Company has completed the first tranche of its private placement (“Private Placement”) raising gross proceeds of $2,975,000.

The Company has issued an aggregate of 18,593,750 units (“Units”) at a purchase price of $0.16 per Unit for aggregate gross proceeds of $2,975,000.  Eric Sprott has closed 18,281,250 of the Units for $2,925,000.

Each Unit consisted of one common share and one half of one share purchase warrant, whereby each whole warrant entitles the holder to purchase one additional common share at a purchase price of $0.20 per share at any time up to March 31, 2023.

Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 18,281,250 Units pursuant to the Private Placement for total consideration of $2,925,000. Prior to the Private Placement, Mr. Sprott beneficially owned or controlled 20,250,000 Common Shares and 17,125,000 Warrants of the Company.  As a result of the Private Placement, Mr. Sprott beneficially owns and controls 38,531,250 Common Shares and 26,265,625 Warrants representing approximately 19.9% of the issued and outstanding shares of the Company on a non-diluted basis and approximately 29.5% of the issued and outstanding shares of the Company on a partially diluted basis assuming the exercise of Warrants.

The Units were acquired by Mr. Sprott for investment purposes.  Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time. 

A copy of the applicable early warning report will appear on the Company’s profile on SEDAR and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

The second tranche of 12,968,750 Units is to be completed five business days after the Company has obtained shareholder approval (from disinterested shareholders) for the new control person that would be created once Mr. Sprott’s beneficial ownership exceeds 20%.  The completion of the second tranche is conditional upon such shareholder approval being obtained by August 30, 2021.  Mr. Sprott will provide an undertaking not to exercise his warrants (if doing so would result in his non-diluted ownership interest exceeding 20%) until the Company has obtained such shareholder approval.

Mr. Sprott is an insider of the Company and, as such, his participation in the Private Placement is a related-party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and TSX Venture Exchange Policy 5.9 (which incorporates by reference MI 61-101). The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be purchased on behalf of Mr. Sprott nor the consideration to be paid by him exceeds 25% of the Company’s market capitalization.

In connection with the first tranche of the Private Placement, the Company has paid finder fees to Mackie Research Capital Corporation of $193,375 in cash and issued 1,208,594 warrants.  Each such warrant will be exercisable for two years at an exercise price of $0.16 per Unit (being the same as the per Unit price under the Private Placement).

Read More:https://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/758313-new-age-metals-closes-first-tranche-of-2-975-000-with-lead-order-from-eric-sprott/messages/2310468#message

New Age Metals $NAM.ca $NMTLF Announces First Tranche Closing of $3,621,680 Private Placement, with Participation by Eric Sprott $WG.ca $XTM.ca $WM.ca $PDL.ca $PGM.ca

Posted by AGORACOM at 3:44 PM on Thursday, March 18th, 2021
  • Gross Proceeds of $3,621,680
  • Lead order of $1,000,000 from Eric Sprott
  • Proceeds for Prefeasibility Study on River Valley Platinum Group Metals (PGM) Project, one of North America’s largest undeveloped primary palladium projects

New Age Metals Inc. (TSXV:NAM) (OTC:NMTLF) (FSE:P7J) (“NAM” or the “Company“), is pleased to announce that it has completed a first tranche closing of its non-brokered private placement offering (the “Private Placement”) raising gross proceeds of $3,621,680, with lead order of $1,000,000 from Mr. Eric Sprott.

The Company has issued an aggregate of 22,260,500 units consisting of 20,760,500 non-flow through units (“NFT Units”) at a price of $0.16 per NFT Unit and 1,500,000 flow-through units of the Company (the “FT Units”) at a price of $0.20 per FT Unit.

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

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

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

Read More: https://agoracom.com/ir/NewAgeMetals/forums/discussion/topics/757603-new-age-metals-announces-first-tranche-closing-of-3-621-680-private-placement-with-participation-by-eric-sprott/messages/2308832#message

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

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

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

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

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

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

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

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

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

Highlights:

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

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

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

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

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

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

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

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

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

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

VIDEO – New Age Metals Has 2.9Moz of #Palladium Equivalent (M&I), 7 #Lithium Projects And Eric #Sprott As An Investor To Win The Green Metal Revolution $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 4:33 PM on Wednesday, January 27th, 2021

Harry Barr / Chairman, CEO & Director of New Age Metals Inc. / (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) discusses the River Valley PGM deposit, as well as their Lithium holdings.  Advancement of the River Valley PGM deposit is ongoing studies conducted continue to solidify the value of the 2.9Moz Palladium Equivalent (Measured & Indicated) resource.

With Palladium increasing 25%, the $2300 threshold for Palladium has been breached, and investors are starting to take notice; as they should.  One of mining’s great investors, Eric Sprott is already a strategic shareholder. 

River Valley Highlights 

  • 100% ownership of a multi-million-ounce district scale North American Palladium asset
  • 100 km north east of Sudbury, $40M of expenditures at River Valley Palladium Project
  • Positive Preliminary Economic Assessment (PEA)complete, working towards Prefeasibility (PFS)
  • Excellent exploration upside across the Company’s project portfolio
  • River Valley Project payable metal suite hosts other battery metals  including copper, nickel, cobalt

Have a seat and find out why New Age Metals is a leader of Green Metal Projects in North America.