July 29th, 2025 – TheNewswire - Rockport, Ontario - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) (“NAM” or “the Company”) is pleased to update our shareholders and interested parties about the completion of Company’s 2025 exploration program at its 100% owned Genesis PGM-Cu-Ni Project. The project is located in southeast Alaska, about 65 km south of the community of Glenallen and about 265 km east of Anchorage.
Figure 1. Location of Alaska Genesis Project
Highlights of the Genesis project are listed below:
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The Genesis PGM-Cu-Ni Project is 100% owned by New Age Metals.
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The Company is actively seeking an option/joint venture partner for our and its road-accessible Gensis PGE-Cu-Ni Project in Alaska.
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The project is located within 3 km of the all-season paved Richardson highway and a high-capacity electric power line.
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The Genesis property comprises 4,144 hectares of State of Alaska mining claims.
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Two separate settings of magmatic reef-style mineralization occur: chromate-hosted Platinum Group Metals (PGM) returning up to 2.4 g/t palladium (Pd) and 2.4 g/t platinum (Pt); and nickel-copper (Ni-Cu)-bearing sulphide mineralization with values up to 0.96% Ni and 0.58% Cu.
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Reef-style cumulate mineralization is open to the west, east, north and at depth.
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Reef-style mineralization has been identified in outcrop for 2,000 metres along strike, with a 40-metre true thickness.
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Known PGM mineralization covers a distance of 9 km across the prospect. The target areas have never been drilled. A Technical Report is available.
Genesis 2025 Exploration Program
In July, the Company engaged Alaska Earth Sciences (AES) of Anchorage, Alaska, to complete a detailed mapping, sampling, and prospecting program at the Sheep Hill area, focusing on follow-up of Copper (Cu) anomalies identified in sediment samples collected by Aurora Geosciences Ltd (AGL) during their 2021 field season. Additional objectives include following the recommendations outlined in 2018 Technical Report by Curtis J. Freeman which was reaffirmed in AGL’s 2021 report.
AES is completing a six-day, four person field program based out of the Tonsina River Lodge, located approximately eight miles northwest of Sheep Hill project area. The site will be accessed via ATV along roughly 11 miles of maintained trails, identified through satellite imagery and confirmed during a recent aerial reconnaissance. Detailed geological mapping will be conducted at 1:1,000 and 1:2,000 scales, depending on outcrop availability and terrain complexity. Litho-geochemical sampling will follow a 100 m x 100 m grid where applicable, while targeted grab rock and sediment sampling will focus on areas of visible mineralization and/or pXRF (portable x-ray fluorescence) anomalies. A further announcement will follow when assays have been processed.
Figure 2. Map of the project area, lodging, proposed access route, and preliminary sampling grid.
Qualified Person
Robert M Retherford, CPG #10904, is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects and a consultant to NAM, has reviewed and approved the scientific and technical disclosure in this press release.
The Qualified Person has not completed sufficient work to verify the historical information on the project.
About NAM
New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration, and development of critical green metal projects in North America. The Company has three divisions: a Platinum Group Element division, a Lithium/Rare Element division, and a Antimony-Gold Division.
The PGE Division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, one of North America’s largest undeveloped Platinum Group Element Projects, situated 100 km by road east of Sudbury, Ontario. In addition to River Valley, NAM owns 100% of the Genesis PGE-Cu-Ni Project in Alaska.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. NAM is developing its lithium division in conjunction with its Farm-in/Joint Venture agreement with Mineral Resources Ltd. (“MinRes”), one of the world’s largest lithium producers. A minimum budget to maintain the Projects has been approved by Mineral Resources Ltd for May 2025 to April 2026. The Companies agreed to the minimum budget due to current lithium pricing and forest fire dangers in the immediate area
In April 2024, a $1.5M NSERC Alliance grant was awarded to a collaboration led by the University of Manitoba (Drs. Fayek and Camacho), with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals. This research is focused on advancing Canada’s critical metals sector, with New Age Metals’ portion targeting its Bird River lithium properties. Approximately $107,000 of work is planned on New Age’s properties in 2025. The early work will include core sampling and field visits starting this summer. The project will likely extend beyond the original 3-year term, due to its delayed start.
New Age Metals Inc. is supporting a successful $180K Mitacs research grant, awarded in 2023, through its $90K contribution (already accounted for and paid under the Mineral Resources joint venture). This academic partnership with the University of New Brunswick and the University of British Columbia is focused on understanding the origin and controls of lithium pegmatite mineralization in the Cat Lake–Winnipeg River field. Fieldwork for the MSc. thesis has been completed, while the post-doctoral phase is ongoing at UNB.
This collaboration provides access to top-tier scientific expertise and equipment, significantly reducing analysis costs and adding long-term value to the project.
NAM’s Antimony-Gold division is in Newfoundland and spans over 19,800 hectares consisting of 11 non-contiguous properties. Six of these properties are in St. Alban’s area, along Canstar’s Swanger and Little River mineralized trends. The remaining 5 properties are strategically located along the same geological trend as the past-producing Beaver Brook Antimony Mine and in proximity to New Found Gold’s Queensway South Gold Project. Management has recently completed Phase 1 of the Project, and pending results, Phase 2 is slated to begin in the Fall of 2025.
Management is currently aggressively seeking new mineral acquisition opportunities on an international scale. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production
The Company is actively seeking an option/joint venture partner for our and its road-accessible Genesis PGE-Cu-Ni Project in Alaska.
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On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
