Business
New Age Metals Announces an Increase of Private Placement to $4 Million with Participation from Eric Sprott
(TheNewswire) Rockport, Ontario – TheNewswire - September 26, 2025 – ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Announces an Increase of Private Placement to $4 Million with Participation from Eric Sprott\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Rockport, Ontario –\n \n\n TheNewswire -\n \n\n September 26, 2025 –\n \n\n New Age Metals Inc. (\n \n\n TSXV: NAM)\n \n\n (\n \n\n OTCQB: NMTLF) (FSE: P7J)\n \n\n (\"\n \n\n NAM\n \n\n \" or the \"\n \n\n Company\n \n\n \"),\n \n\n is pleased to announce that, due to strong\ninvestor demand, the Company has increased the size of its\nflow-through unit (“FT Unit”) private placement previously\nannounced September 25, 2025 as filed under the Company’s profile on\nSEDAR+ at\n \n\n\n\n www.sedarplus.ca\n \n\n\n\n and on the\nCompany’s website at www.newagemetals.com.\n \n\n\n\n The Company originally announced the FT Unit portion of\nthe private placement to raise up to $1,200,000 and it will now\nincrease the FT Unit to raise up to $1,700,000.  There is no increase\nto the non-flow-through unit private placement (“NFT Unit”) and\nall other terms as described in the September 25, 2025 press release\nremain unchanged and subject to Exchange approval. The\nnon-flow-through unit private placement remains at a total of $2.3\nmillion.\n \n\n Mr. Eric Sprott, has\nindicated his intention to subscribe for $2,000,000 of the Private\nPlacement. Mr. Sprott is the largest shareholder in NAM and currently\nowns 23.2% of the Company.\n \n\n\n\n Each FT Unit to be issued at a price of $0.26 will\nconsist of one common share of the Company that will qualify as a\n“flow-through share” within the meaning of subsection 66(15) of\nthe Income Tax Act (Canada) (“\n \n\n FT Common Share\n \n\n ”) and one-half of one common\nshare purchase warrant (a “\n \n\n FT Unit Warrant\n \n\n ”). Each whole FT Unit\nWarrant shall entitle the holder thereof to purchase one Common Share\nat an exercise price equal to $0.40 at any time up to 36 months from\nclosing of the Private Placement. In regards to yesterday’s\nannouncement and the NFT units, all of those units are placed and that\npart of the financing has been spoken for.\n \n\n\n\n The Company may pay, to eligible persons, a finder’s\nfee (“Finder’s Fee”) with respect to the...