New Age Metals Receives Approval for Antimony Ridge - 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
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New Age Metals Receives Approval for Antimony Ridge - Newfoundland
July 4, 2025 – Vancouver, BC– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM”
or the “Company”) is pleased to announce that further to its news release of June 26, 2025, the
Company has received TSX Venture Exchange approval for the Antimony Ridge Property transaction
(the “Transaction”) whereby Ross Collier (the “Optionor”) granted the Company the exclusive right
to acquire 100% interest in certain claims located approximately 120 km south -southwest of the
Town of Gander (Newfoundland) and six km north of the community of Milltown.
In connection with the closing of the Transaction, the Company is issuing 40,000 common shares, at
a deemed price of $0.26 per share, and making a cash payment of $20,000 to the Optionor. The shares
issuable are subject to a four-month plus one-day hold period in accordance with applicable Canadian
securities laws. The Optionor is an arm’s length party and no finder’s fees were paid by the Company
in connection with the Transaction.
Upon completion of the remaining payments below, NAM shall be deemed to have acquired 100%
undivided interest in the Antimony Ridge Property (subject to an NSR royalty). The Optionor shall
retain a 2% NSR royalty on all mineral production from the Property. The Company shall have the
exclusive right to purchase one percent (1%) of the NSR Royalty for $750,000 at any time prior to
commercial production.
Date
Cash Payment Share Payments* Work Expeditures
Year 1 from effective
date
$10,000 40,000 $30,000
Year 2 from effective
date
$15,000 40,000 $40,000
Year 3 from effective
date
$15,000 40,000 $40,000
Totals Remaining $40,000 120,000 $110,000
*Remaining share payments are issuable at a deemed price of $0.26 per share.
Antimony Ridge Property
The Antimony Ridge Project lies in the Dunnage Tectonic Zone and is underlain by Ordovician
schistose sedimentary rocks of the St. Joseph's Cove Formation with quartz veins, veinlets and
stockworks. Three documented MODS mineral showings occur on the Property; 1) Antimony Ridge
Showing; 2) Golden Grit Showing; and 3) Southeast Brook Silver Showing. Most of the work (trenching
and sampling) has focused on the Golden Grit Showing. However, none of these 3 showings have ever
been drilled. Furthermore, an Sb mineralized boulder trains has been outlined. Exploration planning
is underway to locate the bedrock source.
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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Antimony and Gold Markets Commentary
Reuters reported on June 17th, 20253 that China severely restricted antimony exports, including a ban
on shipments to the US, sending Antimony price to more than $60,000 per metric tonne, having more
than quadrupled over the past year. 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.
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 and
maintaining a strong pace into Q2, putting them on track for approximately 1,000 ton nes of
purchases for the year. 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 m arket volatility. In Q1 2025, gold ETF inflows surged
by 1,114% quarter-over-quarter, reaching 226.5 tonnes. Despite some outflows in May, year-to-date
ETF inflows remain strong at over 322 ton nes, reflecting a continued revival in retail appetite for
gold.
The convergence of these factors highlights the strategic importance of antimony and gold
antimony on the current global economic landscape.
3 https://www.reuters.com/business/autos-transportation/battery-makers-sweat-antimony-
shortage-hits-after-chinas-export-curbs-2025-06-17/
NAM’s Strategic Sb-Au Land Position
NAM’s properties in Newfoundland amount to approximately 19,800 hectares in 11 non-contiguous
properties. Six of these properties are in the St. Alban’s area, along Canstar’s Swanger and Little River
mineralized trends (Figures 2 and 3). 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 (Figures 2 and 4).
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. 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
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Figure 3. Map showing the location and distribution of NAM’s six gold-antimony
properties, including the Antimony Ridge Option, in the St Albans area of south-
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
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Figure 4. Map showing the location of NAM’s five gold-antimony properties in the
Beaver Brook Antimony Mine and Queensway South Gold Property area, near the
Town of Gander in Central Newfoundland.
Qualified Person
Dr. William Stone, P.Geo. and 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 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 provide an indication of the exploration potential of the Properties, but might not be
representative of exploration results.
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’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 l ithium 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
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 Brun swick
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 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.
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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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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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 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 o r 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”, “antic ipate”, “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 fro m 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 circumst ances after the date hereof or to
reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward -looking
statements.