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New Age Metals Expands Bonanza Ridge Gold And Critical Metals Project/Strategic Acquisition Of Lavender Lake & South Gibi Lake Properties
(TheNewswire) December 10, 2025 – Rockport, Ontario – TheNewswire - ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Expands Bonanza Ridge Gold And Critical Metals Project/Strategic Acquisition Of Lavender Lake & South Gibi Lake Properties\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\n December 10, 2025 –\nRockport, Ontario –\n \n\n\n TheNewswire -\n \n\n New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF |\nFSE: P7J) (“NAM” or the “Company”) is pleased to announce that\neffective December 8\n \n\n th\n \n\n , 2025 it has entered into an option\nagreement, after completing its due diligence, with an arms-length\nthird parties -\n \n\n Mr. Troy\nGallik (75%) and Shaun Holmes (25%), local Kenora Gold District\nprospectors.\n \n\n\n\n The Lavender Property consists of 64 mining claims and\n1 patented mining claim totalling 1,335 ha (3,299 acres). The adjacent\nGibi Property consists of 186 mining claims, totalling 3,881 ha (9,590\nacres). These two Properties are located ~25 km southeast of Kenora in\nnorthwestern Ontario.\n \n\n The\nCompany has the option to acquire a 100% of the Properties subject to\na 2% net smelter return (NSR) royalty, which the Company has an option\nto buy down the royalty to 1% for $1 million.\n \n\n\n\n With the completion of this\nacquisition, alongside the recently announced Magnet Lake Property,\nNAM continues to consolidate its position within the Bonanza Ridge\nGold and Critical Metals Project area\n \n\n (\n \n\n\n\n see news release dated\nOctober 27, 2025:\n \n\n\n\n New Age Metals Receives Exchange Approval\nfor Bonanza Gold Project, Kenora Gold District,\nOntario\n \n\n\n\n ).\n \n\n The combined land position now forms a\n~8,500 ha, strategically located exploration portfolio within the\nKenora Gold District, an emerging Ontario jurisdiction for both\nprecious and critical metals.\n \n\n\n\n\n Highlights\n \n\n\n\n\n\n\n Multiple possible mineralized structural targets across\nboth properties, with known Au and Cu mineral occurrences (Table 1\nbelow).\n \n\n\n\n\n\n Excellent year-round access and\ninfrastructure, including nearby highways, boat access, logging roads,\nand proximal 240 kV provincial power transmission lines.\n \n\n\n\n\n\n Strategic location\n \n\n ~25 km southeast of Kenora, providing direct access to\nmining services, skilled labour, and logistical support in a\nlongstanding exploration d...