Business
New Age Metals Announces $3,500,000 Financing with Additional Investment from Eric Sprott
(TheNewswire) Rockport, Ontario – TheNewswire - September 25, 2025 – ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Announces $3,500,000 Financing with Additional Investment 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 25, 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 \"), is\npleased to announce a non-brokered private placement offering (the\n“Private Placement”) for aggregate gross proceeds of up to\n$3,500,000 consisting of: (i) up to $2,300,000 in units of the Company\n(the “\n \n\n Units\n \n\n ”) at a\nprice of $0.22 per Unit and (ii) up to $1,200,000 in flow-through\nunits of the Company (the “\n \n\n FT\nUnits\n \n\n ”) at a price of $0.26 per FT Unit.\n \n\n Mr. Eric Sprott, has indicated\nhis intention to subscribe for $2,000,000 of the Private Placement.\n \n\n\n\n Mr. Sprott currently is the largest\nshareholder in NAM and currently owns 23.2% of the Company.\n \n\n\n\n Each Unit will consist of one common share (a\n\"\n \n\n Common Share\n \n\n \") of the Company and one-half of one Common Share\npurchase warrant of the Company (a \"\n \n\n Warrant\n \n\n \"). Each\nwhole Warrant shall entitle the holder thereof to purchase one\nadditional Common Share at an exercise price equal to $0.40 at any\ntime up to 36 months from closing of the Private Placement.\n \n\n\n\n Each FT Unit will consist of one common share of the\nCompany that will qualify as a “flow-through share” within the\nmeaning of subsection 66(15) of the Income Tax Act (Canada)\n(“\n \n\n FT Common\nShare\n \n\n ”) and one-half of one common share\npurchase warrant (a “\n \n\n FT Unit\nWarrant\n \n\n ”). Each whole FT Unit Warrant shall\nentitle the holder thereof to purchase one Common Share at an exercise\nprice equal to $0.40 at any time up to 36 months from closing of the\nPrivate Placement.\n \n\n\n\n The Company may pay, to eligible persons, a finder’s\nfee (“Finder’s Fee”) with respect to the sale of the Units to\nnon-insiders, which may be comprised of cash and/or non-transferable\nshare purchase warrants. Any Finder Fee Warrants issuable will entitle\nthe finder to purchase one common sh...