Business
IBK Capital Corp. Signs on With New Age Metals
(via TheNewswire) January 16 th , 2020 - TheNewswire - Rockport, ON, Canada - Ne...
About this update from New Age Metals Inc
[{"type":"text","content":"IBK Capital Corp. Signs on With New Age Metals(via TheNewswire)\n\n \n\n\n \n \nJanuary 16th, 2020 - TheNewswire - Rockport, ON, Canada - New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) is pleased to announce that it has entered into an agreement with IBK Capital Corp. to assist the company in evaluating strategic alternatives to maximize shareholder value. IBK Capital Corp. will work to develop strategies to unlock what New Age Metals' management and Board of Directors believe to be a significant unrecognized value in the company's stock price. \n\n \n \nHarry Barr, Chairman and Chief Executive Officer of New Age Metals, said: \"We are very pleased to have a firm with IBK Capital's global relationships in the mining sector working to explore ways to create value for our shareholders. We continue to develop our 100% owned River Valley Palladium Project located 60 miles from the Sudbury metallurgical complex in Sudbury, Ontario. River Valley is one of North America's largest undeveloped primary Platinum Group Metals Projects. We believe that this asset will be seen as an attractive development opportunity by several global mining companies. IBK Capital's mandate will include the coordination of discussions with interested parties on a potential investment in, or acquisition of the company, at a time and on terms that produce the best possible value to New Age Metals' shareholders.\" \n\n \n \nAbout NAM\n\n\n \nNew 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 Metals division and a Lithium/Rare Element division. The PGM division includes the 100% owned River Valley Project, one of North Americas largest undeveloped Platinum Group Metals Projects, situated 100 kilometers from Sudbury, Ontario as well as the Genesis PGM Project in Alaska. The Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. New Age Metals is a junior resource company on the TSX Venture Exchange, trad...