New Age Metals Inc. Provides Shareholder Update Regarding Upcoming Annual General Meeting and a Summary of Companys Projects and Go Forward Plan
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 INC. PROVIDES SHAREHOLDER UPDATE
REGARDING UPCOMING ANNUAL GENERAL MEETING AND A
SUMMARY OF COMPANYS PROJECTS AND GO FORWARD PLAN
October 15th, 2025, Vancouver, BC - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) (“NAM”
or “Company”) would like to provide an update to shareholders regarding its upcoming annual general meeting to be
held at its field office at 59 Burtch’s Lane, Rockport, ON, on Wednesday November 12, 2025 2:00pm (Eastern Time)
(the “Meeting”). It was recently announced that postal service will resume operations this coming week when Canada
Post workers will be pivoting from a nationwide strike to a rotating strike. Due to the rotating strike and the uncertainty
and instability ahead, the Company’s Notice of Meeting, Information Circular and related proxy materials (the
“Meeting Materials’) may not be delivered to shareholders prior to the Meeting in accordance with regulatory
requirements. The Company’s meeting is scheduled to be for the following purposes:
1. To receive the financial statements of the Company for the fiscal year ended April 30, 2025, together with
the auditor’s report thereon;
2. To set the number of Directors at five (5);
3. To elect Directors for the ensuing year;
4. To re-appoint Shim & Associates LLP , Chartered Accountants of Vancouver, British Columbia, as the
Company’s auditors for the ensuing year and to authorize the directors to fix their remuneration;
5. To transact any other business which may properly come before the Meeting.
Electronic copies of the Meeting Materials will be filed and made accessible under the Company’s SEDAR+ profile
at www.sedarplus.ca and will be posted on the Company’s website at www.newagemetals.com/agm-2025/ on October
16, 2025. Shareholders are encouraged to access the Meeting Materials via SEDAR+ and the Company’s website.
Shareholders are not required to be present at the Meeting and can vote their share s in advance of the Meeting. All
proxies must be received by Computershare Investor Services Inc. by the proxy cut-off time on Friday November 7,
2025 by 2:00pm (Eastern Time).
If you are a registered shareholder and have not received your package of Meeting Materials , please contact
Computershare Shareholder Services at 1 -800-564-6253 to obtain your proxy form control number to be able to cast
your vote online at www.investorvote.com or vote by telephone by following the instructions on the form of proxy.
If you hold shares through an intermediary, such as a brokerage firm, please contact your broker representative directly
for a copy of the proxy form and voting instructions.
Meeting Materials will be delivered electronically to those who have consented to electronic delivery. Shareholders
who have not consented to electronic delivery may obtain copies as noted above or by contacting the Company’s
office at 1-800-667-1870 or 1-613-659-2773 or by email [email protected] for copies of the Meeting Materials
via email at no charge.
We encourage shareholders and interested parties to read the ‘About NAM’
section below as it summarizes the Company’s Projects, current activities and
Go -Forward Plan.
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 and precious metal projects in North America. The Company has four divisions: a
Platinum Group Element division, Gold Division, a Lithium/Rare Element division, an Antimony -Gold Division as
well as an investment in MetalQuest Mining’s (TSXV:MQM | OTC:MQMIF) a high purity Lac Otelnuk Iron Ore
Project.
On September 25 th, the Company announced a $3,500,000 financing with a lead order from Mr. Eric Sprott for
$2,000,000. Due to heightened investor demand, the Company increased the financing to $4,000,000 on September
26th. On October 10 th, the Company closed the second tranche of the financing with Eric Sprott subscribing to
$2,000,000. On October 10 th, Mr Sprott owned 37.4% of the Company on a partially diluted basis and is the
largest shareholder. The Company is well financed with no debt.
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.
On October 1st 2025, the Company announced that it has entered into agreement to option the Bonanza Gold Project,
located in the Kenora Gold District. The Project consists of 114 mining claims and 1 patented Mining Claim totalling
2,191 hectares or 5,414 acres. The Project has multiple high-grade mineral occurrences with spectacular visible gold
at surface along with excellent infrastructure including road access to all areas of the Project along with provincial
grid power lines. The Kenora Gold District is know n for its high -grade Archean lode -gold deposits, the district has
supported mineral exploration and some mining for more than a century. Some of the active majors and mid -tier
companies in the District are Agnico Eagle, Kinross, Centerra and New Gold. NAM’s technical team is currently
back in the field working on the 2nd phase of our Fall Program.
Management, with NAM’s Technical Team, are also preparing the Bonanza Gold Projects Go -Forward Plan,
Exploration Plan and budgets for the balance of 2025 and for the year 2026 . Further announcements on the
Bonanza Gold Project will b e forth coming. During the visit, the Company filmed a due diligence site visit video
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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which takes the viewer behind the scenes of a project acquisition. The second part of this corporate video is
expected to be released mid day on October 15 th, 2025.
Photographs of Selected Due Diligence High-Grade Samples Collected by NAM Technical Representatives
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 .
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 Lithium division project map
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 Me tals. 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. thesi s 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.
On September 9 th 2025, the Company announced the completion of the Summer 2025 Exploration Program on the
100% owned Alaskan PGM-Cu-Ni Genesis Project. The project is road-accessible and situated within 3 km of the
all-season Richardson Highway and a high-capacity power line. Known mineralization covers a distance of 9 km
across the prospect. The target areas have never been drilled. A Technical Report is available . The Company is
actively seeking an option/joint venture partner for our and its road-accessible Genesis PGM-Cu-Ni Project in
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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The Alaskan Gensis Project has ample surface showings of copper, nickel, platinum and palladium and has never
been drilled. It is road accessible and less than 45 minutes, using this access trail (red line on the map), from one of
Alaska’ s most famous lodges, the Tonsina Lodge.
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.
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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Location of New Age Metals Gold-Antimony Division Projects
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. The Study is
expected to be released before the end of October.
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 Platinum Group Element-Copper-Nickel 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 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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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, statements of hist orical 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”, “pla n”, “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.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 o ccurrence of unanticipated events. Investors should
not place undue reliance on forward-looking statements.