New Age Metals Completes Summer 2025 Exploration Program on the Genesis PGM-Cu-Ni Project, Alaska
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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New Age Metals Completes Summer 2025 Exploration Program on the
Genesis PGM-Cu-Ni Project, Alaska
September 9th, 2025 – Rockport, Ontario – New Age Metals Inc. (TSX.V: NAM; OTCQB:
NMTLF; FSE: P7J.F) (“NAM” or the “Company”) provides an update on the 2025 field program
at its 100%-owned Genesis PGM-Cu-Ni Project in southeast Alaska, approximately 65 km south
of Glennallen and ~265 km east of Anchorage. The project is road -accessible and situated
within 3 km of the all-season Richardson Highway and a high-capacity power line. From the
Tonsina Lodge, which the exploration crew utilized during the program, it takes approximately
one hour to access the site.
Highlights of the Genesis project are listed below:
• The Genesis PGM-Cu-Ni Project is 100% owned by New Age Metals.
• The Company is actively seeking an option/joint venture partner for our and its
road-accessible Gensis PGE-Cu-Ni Project in Alaska.
• The project is located within 3 km of the all-season paved Richardson highway and a
high-capacity electric power line.
• The Genesis property comprises 4,144 hectares of State of Alaska mining claims.
• 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.
• Reef-style cumulate mineralization is open to the west, east, north and at depth.
• Reef-style mineralization has been identified in outcrop for 2,000 metres along
strike, with a 40-metre true thickness.
• The 2025 Program focused on Sheep Hill area of the Project and approximately 134
rock samples were sent to the ALS lab to Reno, Nevada.
• Known mineralization covers a distance of 9 km across the prospect. The target
areas have never been drilled. A Technical Report is available.
Highlights of the Genesis project 2025 Exploration Program are listed below:
- 2025 Sheep Hill program has been completed. Detailed mapping and prospecting focused
on the western half of Sheep Hill were carried out at 1:1,000 scale; 134 rock samples were
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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collected during July 15 –19, 2025. After QA/QC additions (blanks and standards), 163
samples were shipped to ALS in Reno. Assays are pending.
- Access verified and improved logistics . The team mobilized from Anchorage to the base
camp at Tonsina River Lodge and confirmed ~11 miles of ATV trail access to the Sheep
Hill work area, including a safe Bernard Creek crossing . Travel time to the trailhead was
refined to ~1 hour each way as routes were flagged. The program was completed within
budget.
- Genesis remains a 100% NAM-owned PGM-Cu-Ni project; two magmatic mineralization
settings are present at surface;
o (i) chromite-hosted PGM up to 2.4 g/t Pd and 2.4 g/t Pt and (ii) Ni-Cu sulphide
up to 0.96% Ni and 0.58% Cu. Reef-style mineralization is mapped in outcrop
for ~2.0 km with ~40 m true thickness; PGM mineralization spans ~9 km across
the prospect; no drilling has yet tested these targets.
Figure 1: Map showing a portion of the ATV trail (red line), walking trail (green line) and the preliminary sample points (yellow
dots) from the fieldwork portion of the project.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Figure 2. Location of Alaska Genesis Project
Figure 3: Image of Tonsina River Lodge which our technical crew utilized for the 2025 Field program. This facility is road
accessible to the Alaska Genesis Project.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Figure 4. Map of the project area, lodging, proposed access route, and preliminary sampling grid.
Figure 5: Image showing the loaded ATV trailer and the trailing ATV with field crew members.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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2025 Fieldwork Summary and Next Steps
The Company engaged Alaska Earth Sciences (AES) to execute a six -day, four -person
program centered on Sheep Hill, following up on copper anomalies identified by Aurora
Geosciences in 2021 and recommendations from the 2018 Technical Report. Work included
detailed geological mapping at 1:1,000 to 1:2,000 scales, litho-geochemical grid planning (100 m
× 100 m where applicable), and targeted grab rock and sediment sampling.
Operational additions to the July 29 program outline are as follows: mobilization occurred July
14, with base camp at Tonsina River Lodge; ATV access (including Bernard Creek crossing)
was physically confirmed and improved with flagged routes; consideration is being given to
permitting a short ATV spur from the current parking area to the base of the mountain to
streamline future sampling and support activities. A total of 163 samples (including QA/QC) were
dispatched to ALS Reno ; results will be released o nce received and reviewed. After review of
the results, NAM will have the consultants initiate an updated geological report which future
recommendations.
Figure 6: Truck and trailer loaded with field gear and ATVs for the Gensis Project Summer Field Program.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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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.
Issuance of Options
The Company also announces that it has granted 2,925,000 incentive stock options to directors,
officers, employees, investor relations service provider, and consultants of the Company at an
exercise price of $0.26 per share for a period of five (5) years from the date of grant in accordance
with the Company’s Stock Option Plan. The Stock Options granted will be subject to vesting
restrictions, acceptance by the TSX Venture Exchange and are subject to regulatory hold periods
in accordance with applicable Securities Laws.
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, N AM 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
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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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 co re 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 August 6, 2025, New Age Metals announced an additional investment in a 4 th 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.
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
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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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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If you have not done so already, we encourage you to sign up on our website
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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 Ven ture 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 hi storical 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 var iety of
important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequat e
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.