New Age Metals Enters into Memorandum of Understanding with Liberate Minerals to Evaluate Critical Minerals Processing Opportunities
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 ENTERS INTO MEMORANDUM OF
UNDERSTANDING WITH LIBERATE MINERALS TO EVALUATE
CRITICAL MINERALS PROCESSING OPPORTUNITIES
Rockport, Ontario –June 24th, 2026 – New Age Metals Inc. (TSXV: NAM; OTCQB: NMTLF;
FSE: P7J.F) ("New Age Metals" or the "Company") is pleased to announce that it has entered
into a Memorandum of Understanding ("MOU") with Liberate Minerals Limited ("Liberate
Minerals"), an Australian critical minerals and rare earths refining technology company.
The MOU establishes a framework for New Age Metals and Liberate Minerals to evaluate
potential opportunities to apply Liberate Minerals’ processing and refining technology to
selected materials, concentrates, and/or project data from New Age Metals’ divers ified
critical minerals portfolio. The review may include opportunities related to the Company’s
lithium, rare metals, platinum group metals, gold-antimony, and other critical minerals assets.
Liberate Minerals is focused on scalable and sustainable refining of critical minerals, including
lithium, rare earth elements, rubidium, tantalum, and other strategic metals. The company has
developed a portfolio of proprietary techniques to recover multiple high -value elements
from a single source of ores, concentrates, fines, and tailings, with the objective of supporting
secure and independent Western critical minerals supply chains.
Liberate Minerals’ proprietary Resource Maximisation Process (“RMP”), as described by
the company, is a closed-loop, proprietary chemical refining process that delivers multiple
high-purity critical minerals from a single feedstock1, operating at ambient temperature and
pressure. It is a scalable, modular low energy process that recycles 98% of the reagent used,
where the competitive advantage is the chemistry, not processing infrastructure.
Liberate Minerals was also named winner of the Supercharge Australia Innovation Challenge
#3 in November 2025 for its low-emissions, high-efficiency critical minerals refining process.2
Under the MOU, New Age Metals and Liberate Minerals intend to collaborate on a
preliminary technical review of selected mineralized materials, concentrates, and/or
project information from NAM’s portfolio. The objective of the review is to assess whether
Liberate Minerals’ technology may have potential applicability to certain projects or material types
within New Age Metals’ broader asset base.
Harry Barr, Chairman and CEO of New Age Metals, stated: "We are pleased to enter into this
MOU with Liberate Minerals, a company developing innovative processing technology
1 Liberate Minerals – Resource Maximisation Process (“RMP”). Information regarding the RMP’s closed-
loop design, ambient operating conditions, modularity and reagent-recycling performance is based on
materials published by Liberate Minerals and third-party event materials; https://www.australia.battery-
minerals-show.com/sponsor/liberate-minerals
2 EnergyLab / Supercharge Australia Innovation Challenge #3. Liberate Minerals was named the winner of
Supercharge Australia Innovation Challenge #3 in November 2025; https://energylab.org.au/blog/liberate-
minerals-wins-supercharge-australia-innovation-challenge-3/
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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focused on critical minerals and rare earth elements. This MOU provides a framework for
both companies to explore whether Liberate's technology could be applicable to parts of New Age
Metals' project portfolio. As New Age Metals continues to build and advance a diversified
portfolio of critical and precious metals projects, we believe it is important to evaluate new
technologies that may improve recoveries, reduce processing complexity, and enhance
the potential value of our mineral assets. We view this as an early -stage but potentially
important step in assessing new processing pathways that align with the growing need for secure,
sustainable, and Western-aligned critical minerals supply chains."
New Age Metals owns a diversified portfolio of precious and critical metals projects in North
America, including the 100% owned River Valley Palladium Project near Sudbury, Ontario; the
Manitoba Lithium Division; the Gold -Antimony Division in Newfoundland; the Kenora Gold and
Critical Metals Division; the Ontario Ring of Fire Division; Thunder Bay PGM projects; and the
Genesis PGM-Cu-Ni Project in Alaska, where a recent exploration and development agreement
has been signed.
The selection and review of potential materials and project data will be led by the Company’s
technical services team, including Dr. Bill Stone, Ron Hieber, Gordon Chunnett, and Curt
Freeman, with support from regional geoscience consultants, including Max Kazmer . Dave
Salari, the Company’s senior metallurgical consultant, will monitor the technical review process.
About Liberate Minerals Limited
Liberate Minerals Limited is an Australian critical minerals and rare earths processing company
focused on developing sustainable mid-stream refining solutions for lithium, rare earth elements,
and other high value strategic metals including rubidium, high purity silica, tantalum, niobium and
vanadium. The company is commercializing technologies designed to recover high -value
elements from ores, concentrates, fines, and tailings, with a focus on strengthening critical
minerals supply chains outside of China.
Figure 1: Map illustrating New Age Metal’s diversified project portfolio across North America
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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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 Metals division,
an Antimony -Gold Division as well as a significant equity investment in MetalQuest Mining’s
(TSXV:MQM | OTC:MQMIF) high purity Lac Otelnuk Iron Project.
The PGM 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. Currently there is a summer/fall
program to complete the second phase of the PLATSOL metallurgical work . We are also
completing recommendations and a go forward plan for the Mustang zone on the southern
most 4 KMs of the total 16 KM Project. Our objective is to outline drill targets to re establish
the historical resource on Mustang zone. In addition to River Valley, NAM owns 100% of the
Genesis PGM-Cu-Ni Project in Alaska. On May 6th, 2026, NAM announced it entered into a non-
binding letter of intent with Rockport Capital Corp. , which sets out the principal terms and
conditions of the proposed transaction to further develop the Gensis Project. Work is slated to
begin in August 2026. See link for further details : https://newagemetals.com/new-age-metals-
options-genesis-project/
In addition, on January 21 st 2026, the Company recently expanded its Platinum Group Metals
portfolio through the acquisition of the Northern Shield PGM Project in Ontario’s Ring of Fire
region, strengthening its exposure to district -scale mafic –ultramafic systems prospective for
nickel, copper, and platinum group elements. Recently, 2 senior technical consultants, one of
which is a director of the Company, visited the sites with our Northwestern Ontario regional
consultants to establish the 2026 exploration plans. For more information regarding the
Thunderbay projects click here; https://newagemetals.com/new-age-metals-expands-platreef-
pgm-project-through-strategic-option-of-the-gravel-ridge-property-near-lac-des-iles-mine-
northwestern-ontario/ .
On February 26, 2026, the Company also acquired the Platreef PGM and Escape East PGM
Projects, both platinum group metals–nickel–copper (PGM–Ni–Cu) exploration properties located
in northwestern Ontario within and nearby the prospective Lac des Iles Igneou s Complex. The
Complex hosts Canada’s only primary palladium -producing operation, owned and operated by
Impala Canada Ltd., a wholly owned subsidiary of Impala Platinum Holdings Limited.
New Age Metals’ Antimony –Gold Division is focused on advancing a district -scale land
package in Newfoundland comprising 20,950 hectares across 11 non -contiguous
properties. Six of these properties are located in the St. Alban’s area along the Swanger’s Cove
and Little River mineralized trends, while the remaining five are strategically positioned along the
same regional geological corridor as the past -producing Beaver Brook Antimony Mine and near
New Found Gold’s Queensway South Gold Project.
The Company recently completed its Phase 2 exploration program at the St. Alban’s properties,
which significantly advanced the project through the identification of high -grade, structurally
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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controlled gold–antimony mineralization along an emerging ~16 km Au–Sb trend. Highlights from
Phase 2 include grab samples returning up to 51.9% antimony and 46.2 g/t gold at the Antimony
Ridge property, confirming the strength and scale of this developing mineralized system. In
response to these results, NAM expanded its land position by staking an additional 40 claims
(~1,000 hectares), including the Pardy Head antimony occurrence, and has received approvals
for trenching in preparation for the next phase of exploration. The Company is now in the field as
of the first of June with 2 full time Newfoundland Prospectors and the Project Geologist Max
Kaczmer joined them on June 18 th to help them complete boots on the ground prospecting,
trenching in preparation in establishing drill targets. Most recent releases:
https://newagemetals.com/new-age-metals-reports-up-to-51-9-antimony-and-46-2-g-t-gold-from-
phase-2-exploration-at-st-albans-newfoundland
https://newagemetals.com/axiom-exploration-group-initiates-xcite-helicopter-borne-tdem-survey-
over-nams-sentinel-antimony-property-newfoundland-nam-monitors-fintech-solutions-to-
enhance-market-transparency
The Bonanza Ridge Gold and Critical Metals Project has been significantly expanded with the
option agreements for the Lavender Lake and South Gibi Lake properties, adding prospective
ground in the Kenora Gold District of northwestern Ontario. These properties, located about 25
km southeast of Kenora, are strategically positioned along a favourable structural corridor
adjacent to NAM’s flagship Bonanza Gold Property, and host known gold and copper occurrences
with minim al modern exploration to date. The consolidated portfolio now comprises
approximately 19,240 hectares (~47,550 acres) of contiguous land within an emerging gold and
critical metals jurisdiction, providing substantial opportunities for follow -up field work, structural
modeling, target generation, and future drill campaigns. Recent
announcement:https://newagemetals.com/new-age-metals-expands-bonanza-ridge-gold-
andcritical-metals-project-strategic-acquisition-oflavender-lake-south-gibi-lake-properties/.
The Company has established a Kenora, Ontario based field operations hub to support
exploration activities across Northwestern Ontario and Eastern Manitoba. The proposed facility
would provide centralized logistical, technical, and administrative support for regional exploration
programs and is expected to improve field efficie ncy and coordination. Currently, there is a 6
man team in the field, consisting of prospectors, technicians and geologists, completing
boots on the ground prospecting, trenching, mapping and trail blazing. Samples are being
collected and assays are being submitted through the summer to our assay lab. We expect to
disseminate an update announcement before the end of July 2026.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River
Pegmatite Field, where New Age Metals is exploring hard-rock lithium and rare elements including
tantalum, rubidium and cesium. On June 3, 2026, NAM announced that it had regained 100%
ownership of its 11 LCT projects. As part of the approximately $11.5 million spend by Mineral
Resources Ltd. NAM was able to file sufficient assessment dollars to keep the entire
project in good standing for 15 years.
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
Page5
Although the planned 2023 –2024 exploration program, which represented approximately
$7 million in anticipated expenditures, was not completed due to unseasonably warm
weather, several priority lithium targets remain undrilled and previous work also identified
prospective areas with elevated copper, nickel and gold values.
Management intends to follow up on these targets during the summer and fall 2026 field season,
with the Company’s senior geological consultant expected to complete a 10 -day site visit in late
July or August to review the projects, inspect the new core facility and recommend the next phase
of work. While lithium prices have recently pulled back following a strong first half of 2026,
the Company’s restored 100% ownership provides full flexibility to advance the portfolio
independently and re -engage with third -party groups that had previously expressed
interest in the projects.
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. The 2025 work included core sampling
and field visits. 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 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. MSc and post-
doctoral research programs have recently been completed, and the Company is reviewing the
results with the academic institutions to assess how the findings may be incorporated into future
exploration programs. This collaboration provides access to top-tier scientific expertise and
equipment, significantly reducing analysis costs and adding long-term value to the project.
On August 6, 2025, New Age Metals announced an additional investment in a 4th critical
metal. NAM currently owns approximately 14.39% of MetalQuest Mining (TSXV:MQM), which
has ownership of the development stage Lac Otelnuk Iron Project, located in the Labrador Trough,
Quebec.
MetalQuest Mining inc. is developing one of North America’s largest iron projects, where
approximately $120 million has been spent on the project. For more information, please
visit MetalQuestMining.com . High-purity iron 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 contracted AtkinsRealis, an international engineering company, to complete
a GAP Analysis on th e Lac Otelnuk Project and its 2015 Feasibility Study. The results of
the analysis are enclosed here and recently management have completed a successful
review of the project including a trip to visit the site. An announcement will be forth coming
with regards to status of the site and the next phase of work r ecommended by
AtkinsRealis.
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
Page6
MetalQuest Mining Inc. (“MQM”) has expanded its presence in the Ontario Ring of Fire
through the acquisition of both the ROF -1 Project and the recently announced Fishhook
Polymetallic Project. The Fishhook Project further strengthens MetalQuest’s regional footprint,
targeting polymetallic mineralization prospective for base and critical metals.
Management is actively evaluating new mineral acquisition opportunities in North
America, while maintaining a disciplined focus on advancing the Company’s flagship River
Valley PGM/Polymetallic Project and funding robust exploration programs across its
broader portfolio of projects.
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.
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On behalf of the Board of Directors
Harry G. Barr
Chairman and CEO
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in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that
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