Business
New Age Metals Expands Platreef PGM Project Through Strategic Option Of The Gravel Ridge Property Near Lac Des Iles Mine, Northwestern Ontario
April 16, 2026 - TheNewswire – Rockport, Ontario– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce
About this update from New Age Metals Inc
[{"type":"text","content":"April 16, 2026 - TheNewswire – Rockport, Ontario– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Agreement”) to acquire a 100% interest in the Gravel Ridge PGM Property, located proximal to the Lac des Îles Mine in Northwestern Ontario. This acquisition represents a strategic expansion of the Company’s Platreef PGM Project and further consolidates its growing platinum group metals (“PGM”) projects in the Thunder Bay Mining Division. Highlights Consolidating the land package with an additional ~740 hectares comprising a total of approximately 17,630 hectares (~43,565 acres) in Northwestern Ontario Situated in proximity to the Lac des Iles Mine, Canada’s only primary palladium-producing operation, owned and operated by Impala Canada Ltd., a wholly owned subsidiary of Impala Platinum Holdings Limited The Company intends to proactively engage and consult with local First Nations, consistent with New Age Metals’ established policy of meaningful and ongoing collaboration with Indigenous communities Excellent infrastructure and logistics, including road access and proximity to Thunder Bay, a regional hub for mining services, skilled workforce, transportation, and supply chains Geological setting interpreted to be prospective for intrusion-hosted PGM–Ni–Cu mineralization, based on rift-related mafic–ultramafic intrusive units and regional exploration data Magnetite-bearing gabbroic and ultramafic intrusive phases interpreted across the property, with magnetic anomalies and sulphide-bearing zones identified in historical exploration within the district Multiple untested or underexplored intrusive and geophysical targets identified across the land package, providing opportunities for systematic follow-up exploration Strategic addition to New Age Metals’ Platinum Group Metals project pipeline, complementing the Company’s Flagship River Valley Project (Ontario), and its broader PGM portfolio, including Northern Shield (Ring of Fire, Ontario), Platreef (Ontario) and Genesis (Alaska) The Property forms part of the broader Lac des Îles intrusive complex, a well-established magmatic PGM–Ni–Cu geological environment. This acquisition complements the Company’s existing regional portfolio, including the Escape East Project, which is ...