New Energy Metals Receives Approval FOR Cobalt Acquisitions
#2300 – 1177 West Hastings Street, Vancouver, BC, Canada, V6E 2K3
Phone: 604-484-1232 / Fax: 604-408-7499
NEW ENERGY METALS RECEIVES APPROVAL FOR COBALT ACQUISITIONS
NR18-11 June 4, 2018
Vancouver, B.C., June 4, 2018 – “New Energy Metals Corp.” (“New Energy Metals” or the
“Company”) (TSX.V:ENRG) announces that it has received TSX Venture Exchange approval of
the acquisition of the Onix, Codiciada and Consuelo and Amelia cobalt projects (the “Projects”).
Under the terms of the option agreements (the “Agreements”), th e Company can earn a 100%
interest in the Projects by fulfilling all cash and share payme nts. The first cash payments due
under the Agreements have been completed, and a total of 600,000 shares of the Company will be
issued to satisfy the initial share payments. The shares are subject to a four-month restricted resale
period expiring on October 2, 2018.
Summary of Projects:
Onix Cobalt Project:
US$300,000 cash paid 250,000 shares approved for issuance
Codiciada Cobalt Project:
US$100,000 cash paid 150,000 shares approved for issuance
Consuelo and Amelia Cobalt Projects:
US$200,000 cash paid 200,000 shares approved for issuance
The Projects are all located wit hin the past producing San Juan cobalt district in Chile. The
Company has been aggressive with its acquisition strategy to ob tain a strategic property position
in the district. The Projects were acquired based on geologica l characteristics, abundance of
historic workings, and evidence of mineralization, and they all occur on the same regional trend
near the past producing Cobaltera mine.
The Company has commenced an exploration field program comprised of compilation of historical
data, regional mapping and prospecting, and sampling to identify priority areas for detailed follow
up work.
Qualified Person
Mr. Grant Ewing, P.Geo., is a qualified person as defined by Na tional Instrument 43-101. Mr.
Ewing and has reviewed the scientific and technical information that forms the basis of this news
release and has approved the disclosure herein. Mr. Ewing is not independent of the Company.
NR18-11 Continued 2 June 4, 2018
On behalf of New Energy Metals Corp.
Grant Ewing, President & CEO
T: 604.484.1232
W: www.newenergymetals.ca
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (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
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information
contained herein. This News Release includes certain “forward- looking statements”. Other than statements of
historical fact, all statements included in this release, including, without limitation, statements regarding future plans
and objectives of New Energy Metal s Corp., are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such s tatements. Important factors that could cause actual
results to differ materially from New Energy Metal’s expectations are the risks detailed herein and from time to time
in the filings made by New Energy Metals Corp. with securities regulators. Those filings can be found on the Internet
at http://www.sedar.com.