New Age Metals Announces an Increase of Private Placement to $4 Million with Participation from Eric Sprott
New Age Metals Inc. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF
Registered Office Field Office [email protected]
101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com
Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0
+1.604.685.1870 +1.613.659.2773
Page1
NEW AGE METALS ANNOUNCES AN INCREASE OF
PRIVATE PLACEMENT TO $4 MILLION
WITH PARTICIPATION FROM ERIC SPROTT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
News Release – Rockport, Ontario – September 26, 2025 – New Age Metals Inc. ( TSXV: NAM)
(OTCQB: NMTLF) (FSE: P7J) ("NAM" or the "Company"), is pleased to announce that, due to strong
investor demand, the Company has increased the size of its flow-through unit (“FT Unit”) private placement
previously announced September 25, 2025 as filed under the Company’s profile on SEDAR+ at
www.sedarplus.ca and on the Company’s website at www.newagemetals.com.
The Company originally announced the FT Unit portion of the private placement to raise up to $1,200,000
and it will now increase the FT Unit to raise up to $1,700,000. There is no increase to the non-flow-through
unit private placement (“NFT Unit”) and all other terms as described in the September 25, 2025 press
release remain unchanged and subject to Exchange approval. The non-flow-through unit private placement
remains at a total of $2.3 million . Mr. Eric Sprott, has indicated his intention to subscribe for
$2,000,000 of the Private Placement. Mr. Sprott is the largest shareholder in NAM and currently
owns 23.2% of the Company.
Each FT Unit to be issued at a price of $0.26 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 (a “ FT Unit Warrant ”).
Each whole FT Unit Warrant shall entitle the holder thereof to purchase one Common Share at an exercise
price equal to $0.40 at any time up to 36 months from closing of the Private Placement. In regards to
yesterday’s announcement and the NFT units, all of those units are placed and that part of the financing has
been spoken for.
The Company may pay, to eligible persons, a finder’s fee (“Finder’s Fee”) with respect to the sale of the
Units to non-insiders, which may be comprised of cash and/or non-transferable share purchase warrants.
Any Finder Fee Warrants issuable will entitle the finder to purchase one common share at an exercise
price of $0.26 for a period of 36 months from closing of the Private Placement. The proceeds of the FT
Units will be used for exploration and development on the Company’s projects located in Newfoundland,
Ontario or Manitoba. Proceeds of the Units will be used for exploration and general working capital.
Completion of the Private Placement and any Finder Fees payable are subject to all necessary regulatory
approvals.
New Age Metals Inc. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF
Registered Office Field Office [email protected]
101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com
Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0
+1.604.685.1870 +1.613.659.2773
Page2
All securities to be issued in connection with the Private Placement will be subject to a hold period of four
months plus one day from the date of issuance. The closing of the Private Placement is conditional upon
the receipt of the conditional approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful
including any of the securities in the United States of America. The securities have not been and will not
be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state
securities laws and may not be offered or sold within the United States or to, or for account or benefit of,
U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such registration requirements is available.
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/R are 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 V alley, 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 A pril 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. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF
Registered Office Field Office [email protected]
101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com
Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0
+1.604.685.1870 +1.613.659.2773
Page3
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 on going 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 prox imity 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
[email protected] or Harry Barr at [email protected] or Farid Mammadov at
[email protected] or call 613 659 2773.
New Age Metals Inc. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF
Registered Office Field Office [email protected]
101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com
Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0
+1.604.685.1870 +1.613.659.2773
Page4
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.
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, statement s
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 th eir
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 th e
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.