NEW AGE METALS INC. PUBLISHES SUSTAINABILITY REPORT FOR 2023-2024 31st October, 2024, Rockport, Ontario - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF;
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. PUBLISHES SUSTAINABILITY REPORT FOR
2023-2024
31st October, 2024, Rockport, Ontario - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF;
FSE: P7J.F) (“NAM” or “Company”) is pleased to announce its ESG/Sustainability Report for the
year 2023-2024. The scope of this project encompasses both NAM’s Manitoba Lithium Project
and River Valley PGM Project.
Harry Barr, Chairman and CEO of NAM commented “On behalf of the management and directors,
I am pleased to update you on the key milestones completed to date in 202 4 and the goals and
objectives for New Age Metals (NAM) for the balance of the year. From NAM’s inception to this
date, our primary focus before delving into any project has been to identify all key stakeholders,
especially ones involved with the environmental and social prospects in the regions that our
projects are located in. To this effect, we have not only spent a substantial amount in that direction
but have and are directly engaged with the First Nations, custodians, and communities around all
our properties. Our team at NAM have a firm belief that where the success of a project is deduced
from its financial statements and economic prospects, the sustainability of that success lies solely
in strong consideration of environmental, social, and governance (ESG) metrics of that said
project, which further gives us the motivation, encourag ement, and the ‘Social License to
Operate’.”
The Company aims to ensure that we are actively communicating with investors and other
stakeholders to the best of our abilities, and we want you to know that we are available to answer
any questions or concerns.
NAM’s ESG/Sustainability Report is now available under the ESG tab on our corporate website:
https://newagemetals.com/esg-and-sustainability/.
Following are some summarized points:
➢ The report is based on frameworks outlined by both TCFD (Taskforce for Climate -
related Financial Disclosures) and SASB (Sustainability Accounting Standards
Board). This was done to make sure that the report aligns with important and
industry-wide prevalent institutions’ layout.
➢ NAM’s Manitoba Lithium Project had 512.758 tonnes and River Valley PGM Project
had 0 tonnes of CO2 emissions, for a total of 512.758 tonnes.
➢ NAM’s Manitoba Lithium Project used 1,012,500 gallons and River Valley PGM
Project used 0 gallons of fresh water, all of which was sourced from nearby sources.
➢ Community relations aspect of the report further highlights the existing and growing
relationship with Temagami, Nipissing, and Sagkeeng First Nations, including the
MoUs, archaeological, land use, and other surveys.
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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NAM knows well, the importance of these ESG reports and the visibility, transparency, and
affirmation they provide to environmental, social, and governance issues arising from its
operations, which is imperative across the industry. Following this inaugura l report, NAM will
include disbursement of such reports as an annual target and will ensure to involve all stakeholders
and communities as much as possible.
About NAM
New Age Metals is a junior mineral exploration and development company focused on the
discovery, exploration, and development of green metal projects in North America. The Company
has two divisions: a Platinum Group Element division and a Lithium/Rare Element 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 and plans to complete a surface mapping and sampling
program in 2023.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River
Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements
such as tantalum, rubidium, and cesium. In conjunction with its Farm-in/Joint Venture agreement
with Mineral Resources Ltd. (“MinRes”) is pleased to announce that summer field work has
commenced on the Company’s Winnipeg River-Cat Lake Lithium Projects of Southeast Manitoba.
This work is in conjunction with a research project being carried out across the properties in
partnership with the University of New Brunswick, University of British Columbia, and supported
by the Manitoba Geological Survey. A budget from June 2024 to April 2025 of up to ~$450,000
has been approved by Mineral Resources Ltd (MRL, ASX: MIN), a top global lithium producer to
explore and develop the Company’s lithium project portfolio in Southern Manitoba. 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 newly acquired
Northman and South Bay Lithium Projects in northern Manitoba, and its road -accessible
Genesis PGE-Cu-Ni Project in Alaska.
Management is currently aggressively seeking new mineral acquisition opportunities on an
international scale.
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
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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to [email protected] or Harry Barr at [email protected] or Farid Mammadov
at [email protected] or call 613 659 2773.
Qualified Person
The technical lithium/rare element related information in this news release has been reviewed and
approved by Lynde Guillaume (Senior Geologist, Axiom Exploration Ltd.), a Qualified Person,
and a Professional Geoscientist (P.Geo) who is a registered member of the ‘Engineer and
Geosciences of Manitoba’ (no. 47952). The technical PGE/River Valley related information in this
news release has been reviewed and approved by Dr. William Stone, a Qualified Person and a
Professional Geoscientist (P.Geo.), who is a registered member of the Professional Geoscientists
Ontario (License No. 1569).
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 State ments: 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 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 their nature involve risks and uncertainties, and actual results
may differ materially depending on a variety of important factors, i ncluding, among others, the
Company’s ability and continuation of efforts to timely and completely make available adequate
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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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 repo rts 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.