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New Age Metals Expands Its PGM-NI-CU Portfolio With Strategic Lac Des Iles Acquisition In Northwestern Ontario
(TheNewswire) February 11 th , 2026 – TheNewswire - Rockport, Ontario&#...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Expands Its PGM-NI-CU Portfolio With Strategic Lac Des Iles Acquisition In Northwestern Ontario\n(TheNewswire)\n\n\nFebruary\n11th, 2026 –\nTheNewswire - Rockport, Ontario– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J)\n(“NAM” or the “Company”) is pleased to announce the\nacquisition, via staking, of the Platreef PGM Project, a platinum\ngroup metals–nickel–copper (PGM–Ni–Cu) exploration property\nlocated in Northwestern Ontario within the highly prospective Lac des\nIles Igneous Complex, hosting Canada’s only primary palladium\nmine.\n\n\nThe acquisition expands the Company’s PGM Division\nand strengthens its strategic footprint in a well-established mining\ndistrict with strong infrastructure, road access, and year-round\nexploration potential, ~80km from the city of Thunder Bay. \n\n\nThe Platreef PGM Project provides exposure to\npalladium (Pd), platinum (Pt),\nnickel (Ni), and copper (Cu) within\nmafic–ultramafic intrusive geological settings considered\nprospective for intrusion-hosted PGM mineralization.\n\n\nPlatinum group metals are recognized\nas critical minerals by the Government of Canada\ndue to their importance in emissions control technologies, clean\nenergy systems, and advanced industrial applications. The Platreef PGM Project aligns with\nCanada’s Critical Minerals Strategy, which\naims to support domestic supply chains and responsible resource\ndevelopment.\n\n\nHarry Barr, Chairman and CEO,\ncommented, “The acquisition of the Platreef\nPGM Project represents a strategic addition to New Age Metals’\ngrowing PGM pipeline. The project is located in a proven PGM district\nwith excellent infrastructure and strong geological indicators.\nOur objective is to be the\nmost aggressive PGM explorer and developer in Canada. As our focus remains on disciplined capital allocation,\nadvancing high-quality exploration assets, and creating long-term\nshareholder value.”\n\n\nHighlights\n\n\n\n\nLarge-scale land package comprising 834 mining claims\ntotaling approximately 16,680\nhectares (~41,200 acres) in Northwestern\nOntario \n\n\n\nLocated within the Lac des Îles Igneous Complex, a\nwell-established PGM district hosting the Lac des Îles Mine,\nCanada’...