New Age Metals Launches Exploration Field Program on its Recently Acquired Gold-Antimony Projects, Newfoundland
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
New Age Metals Launches Exploration Field Program on its
Recently Acquired Gold-Antimony Projects, Newfoundland
May 29, 2025 – Rockport, Ontario– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF |
FSE: P7J) (“NAM” or the “Company”) is pleased to announce the start of the 2025 field
exploration program on its gold-antimony (Au-Sb) properties in central and south-central
Newfoundland. This launch follows the receipt of a Letter of Acceptance from the Mineral
Lands Division of the Government of Newfoundland and Labrador, authorizing grassroots-level
exploration activities.
Exploration Program Overview
The 2025 exploration program is structured in two phases:
● Phase 1 (initiated mid-May): Focuses on first-pass mineral prospecting, geological
mapping, and geochemical sampling to identify and prioritize target areas on the
Company's properties
● Phase 2 (planned for late summer or early fall): Will involve detailed follow-up
activities, including geochemical surveys, channel sampling, and backpack drilling on
high-priority targets identified during Phase 1
NAM’s lead technical consultant Dr. William Stone, P.Geo. and Axiom Exploration are
managing and executing the exploration program. Currently, the field crew consists of 2
geologists and a 2-man Newfoundland-based prospecting team.
Chairman and CEO Harry Barr states, “Following our May 13th announcement regarding the
Letter of Acceptance from the Government of Newfoundland and Labrador, permitting
grassroots-level exploration, we are pleased to report that our field program is now well
underway. We have moved swiftly to mobilize and begin work at a highly opportune time—
antimony prices are at record highs and gold continues to trade near historic levels. Our
strategically located projects are situated near the past-producing Beaver Brook Antimony Mine,
Canada’s only primary antimony mine, and the Queensway Gold Project, one of the most
advanced gold exploration projects in Newfoundland. We look forward to sharing updates with
our shareholders as the program progresses.”
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
Gold and Antimony Markets Commentary
Spot gold prices have traded as high as US$3,500 per ounce, likely driven by heightened global
uncertainties and increased demand from institutional and retail investors. Central banks have
continued their robust gold purchasing in 2025, adding 244 tonnes to their global reserves in Q1.
This sustained buying action underscores gold's role as a strategic asset amid economic
instability and inflation concerns. Retail investors and family offices have also increased their
gold holdings, seeking to hedge against market volatility. In Q1 2025, gold ETF inflows surged
by 1,114% quarter-over-quarter, reaching 226.5 tonnes, indicating a strong revival of retail
appetite for gold.
Reuters reported last month China had exported no antimony to European Union countries since
the controls. Prices there have surged by about 47% to US$55,000 to US$62,000 per tonne
between December and March1. As a critical metal, antimony's market dynamics are influenced
by its applications in various industries and geopolitical factors. China's recent antimony export
ban created a supply shock for the strategic metal. Approximately 70% of antimony is produced
or refined in China.
The convergence of these factors highlights the strategic importance of gold and antimony
in the current global economic landscape.
NAM’s Strategic Land Position
NAM’s land holdings in Newfoundland amount to approximately 19,300 hectares in ten non-
contiguous properties. Five of these 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 (Figures 1 and 2). The remaining 5 properties are located
90 km farther south in the St. Alban’s area, along Canstar’s Swanger and Little River
mineralized trends (Figures 1 and 3).
1 https://www.reuters.com/markets/commodities/hong-kong-customs-seize-antimony-amid-chinas-export-
controls-2025-04-08/
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
Figure 1. Overview map showing the location of NAM’s gold-antimony exploration properties in
central Newfoundland.
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
Figure 2. Map showing the location of NAM’s 5 gold-antimony properties in the Beaver Brook
Antimony Mine and Queensway South Gold Property area, near the Town of Gander in Central
Newfoundland.
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
Figure 3. Map showing the location and distribution of NAM’s 5 gold-antimony properties in the
St Albans area of South-Central Newfoundland.
Qualified Person
Dr. William Stone, Ph.D., P.Geo., NAM’s Lead Geoscience Consultant and a Qualified Person
as defined by NI 43-101 has reviewed and approved all the scientific and technical information
disclosed in this press release.
The Qualified Person has not completed sufficient work to verify the historical information on
the Properties or neighbouring properties. Nevertheless, the Qualified Person considers that
drilling and analytical results were completed to industry standard practices. The reader is
cautioned that mineral occurrences, prospects and deposits on neighbouring properties are not
necessarily indicative of mineralization on the Company’s properties. This information may
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
provide an indication of the exploration potential of the Properties but might not be
representative of exploration results.
About NAM’s PGE Division
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 three divisions: a Platinum Group Element division, a Lithium/Rare Element
division, and a Gold-Antimony 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, NAM owns 100% of the
Genesis PGE-Cu-Ni Property in Alaska.
About NAM’s Lithium Division
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. 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.
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. 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.
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
Management is currently aggressively seeking new mineral acquisition opportunities. Our
philosophy is to be a project generator with the objective of optioning our projects with major
and mid-tier mining companies through to production.
The Company is actively seeking an option/joint venture partner for its River Valley Palladium
Project and its road-accessible Genesis PGE-Cu-Ni Property in Alaska.
Investors are welcome 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 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 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, 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
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occurrence of unanticipated events. Investors should not place undue reliance on forward -looking statements.