New Age Metals Targeting Lithium Discovery With Top Producer
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 through two divisions, a Platinum Group Metals and a Lithium/Rare Element division. New Age provides shareholders tremendous exposure to 2 parts of the battery metals space. If that isn’t enough to warrant shareholder attention, Third Party Validation should; Eric Sprott is a strategic shareholder with a considerable investment in New Age with 24.5%. You read that correct. New age is uniquely positioned to take advantage of first mover status in the emerging metals space devoted to a greener future. Why? Their River Valley Palladium asset is approaching the completion of a Pre-Feasibility Study by Q4. It is a 100% owned multi-million-ounce district scale North American Platinum Group Metals project containing 2.9Moz PdEq (Measured + Indicated) and 1.1 Moz PdEq (Inferred). It demonstrates potential to be a large-scale open-pit mining operation and a positive Preliminary Economic Assessment demonstrates a life of mine (LOM) of 14 years, with 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t; an annual average payable PdEq production of 119,000 ounces River Valley is one step closer to a production decision or potential buyer as it is becoming quite de-risked In Manitoba,New Age sold 75% of the Lithium Division for 4$m in non -dilutive exploration & development to the world’s 4th largest producer. It is a 11,620 hectare land package owned 100% by New Age Metals comprised of 7 Hard rock lithium properties and they must complete a 43-101 compliant mineral resource for the full 75%. A win win deal for all parties involved ensuring every means of making a lithium discovery will be made. Major Mineral Resources Limited ( ASX MIN ) is the world's fourth largest lithium producer. A deal was struck for 4$million dollars in non dilutive exploration and development for New Age and they recently made the announcement that $1.8m is being spent on Lithium exploration in 2022. Have a seat and check out this great interview with Harry Barr / Chairman, CEO & Director of New Age Metals Inc. / (TSXV:NAM); (OTC:NMTLF) and find out why they are a leader of Green Metal Projects in North America.