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Acquisition Of The Northern Shield Platinum Group Metals-Copper-Nickel Critical Minerals Project In The Ring Of Fire, Northern Ontario
(TheNewswire) January 21, 2026 – TheNewswire - Rockport, Ontario– Ne...
About this update from New Age Metals Inc
[{"type":"text","content":"Acquisition Of The Northern Shield Platinum Group Metals-Copper-Nickel Critical Minerals Project In The Ring Of Fire, Northern Ontario\n(TheNewswire)\n\n\nJanuary 21, 2026 –\nTheNewswire - Rockport, Ontario–New\nAge Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or\nthe “Company”) is pleased to announce that it has acquired via\nstaking the Northern Shield\nProperty within the Ring of Fire, a new platinum\ngroup metals (PGM)–copper (Cu)–nickel (Ni) exploration property\nthat adds a significant new project to the Company’s PGM Critical\nMetals Division, located within the Fishtrap Lake Intrusive Complex in Northern Ontario, Canada. This acquisition represents a first\nstep in NAM’s expanding Ring of Fire strategy.\n\n\nHarry Barr, Chairman and CEO,\ncommented: “As a Prospect Generator, the\nacquisition of the Northern\nShield Project is aligned with our strategy of building long-term value\nfor shareholders through disciplined growth in\nplatinum group and critical minerals projects. Our flagship River Valley Palladium\nProject, which hosts a multi-million-ounce NI\n43-101 compliant Mineral Resource, provides a strong foundation for the\nCompany, and Northern Shield adds another strategic project to our PGM\nportfolio at a low entry cost. This positive\nmomentum is further supported by our recently completed financing,\nraising $4.0 million including\na lead order from Mr. Eric Sprott, one of the\nmining sector’s most respected investors, which strengthens our\nability to advance our portfolio and execute on our growth strategy.\nThe government commitment to infrastructure development in Northern\nOntario, is emphasized in Figure 1, especially with the recent\nannouncement of a new all-season access road to the Ring of Fire\nregion. The Directors and\nManagement of New Age Metals believe that we are well positioned to\nbenefit from improving access, regional momentum, and responsible\nresource development in partnership with First Nations.”\n\n\nHighlights\n\n\n\n\n100% owned, acquisition completed through staking with\nno option payments, or earn-in obligations \n\n\n\n \n\n\n\nLand position totaling ~20,000 hectares (~54,000 acres)\nof 939 claims covering a large intrusive complex associated with\nPGM/C...