(TheNewswire)
 |
|||||||||
 |
 |
 |
 |
||||||
September 16, 2025 - TheNewswire -Vancouver, BC - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) (“NAM& or the “Company&) announcesthatthe Company has entered into an Amended Investor Relations Employment Agreement dated September 12, 2025 (the “Agreement&) to extend and amend the terms of its existing agreement with Mr. Farid Mammadov for an additional 12 months as its investor relations service provider. The agreement includes the appointment of Farid Mammadov to Vice President of Investor Relations, an Officer of the Company.
Chairman and CEO Harry Barr states, “Farid and I have worked closely together for over four years, and I have witnessed a steady progression in his knowledge, professionalism, and ability to navigate the many complexities of investor relations. As a young and motivated professional in the junior mining industry, he has developed a strong interest in all aspects of our sector. Recently, Farid completed the Canadian Investor Relations Institute (CIRI)/Rotman Investor Relations Certification Program and is a standing member of the Institute. He is also a graduate of Carleton University with a degree in Business Law, where he served as President of the Carleton Law and Legal Studies Society. We are very pleased to welcome Farid as Vice President, Investor Relations, and value his contributions as an integral member of the NAM team&
Pursuant to the Amended Agreement, the Company will pay Mr. Mammadov a monthly fee of $6,250, and appoint Mr. Mammadov Vice President of Investor Relations The term of this Amended Agreement will commence on the date the Company receives Exchange approval. The Agreement may be extended or amended in writing by mutual agreement of the Parties. Mr. Mammadov currently holds 250,000 stock options of the Company. The Amended Agreement is subject to TSX Venture Exchange approval.
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, an Antimony-Gold Division as well as an investment in MetalQuest Mining&s (TSXV:MQM | OTC:MQMIF) high purity Lac Otelnuk Iron Ore Project.
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, Phase 2 has been initiated, and further news will follow. On July 30th, the Company was pleased to announce that it has received formal approval under Newfoundland and Labrador&s Junior Exploration Assistance (JEA) Program, including eligibility for the Critical Minerals Assistance (CMA) and Provincial Critical Mineral Assistance (PCMA) streams. The potential rebate total for eligible exploration activities is $71,975.
On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal. NAM currently owns approximately 12.79% and holds warrants that, if exercised with today&s issued and outstanding shares of MQM, would bring NAM to a 19.05% interest in MetalQuest Mining inc.
MetalQuest Mining inc. is developing one of North Americas largest iron ore projects, where approximately $120 million has been spent on the project. For more information, please visit MetalQuestMining.com . High-purity iron ore became a critical metal Federally in Canada and in the Provinces of Quebec and Newfoundland and Labrador in 2024. In the summer of 2025, MQM has contracted AtkinsRealis, an international engineering company, to complete a GAP Analysis on the Lac Otelnuk Project and its 2015 Feasibility Study.
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.
Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to info@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Farid Mammadov at faridm@newagemetals.com or call 613 659 2773.
If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.
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.sedarplus.ca), 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.
Copyright (c) 2025 TheNewswire - All rights reserved.
