Business
New Age Metals Inc. Expands its Strategic Gold-Antimony Land Package in Central Newfoundland
(TheNewswire) Highlights Expansion of Land Holdings: New Age Metals (NAM) h...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Inc. Expands its Strategic Gold-Antimony Land Package in Central Newfoundland\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 Highlights\n \n\n\n\n\n\n Expansion of Land\nHoldings:\n \n\n New Age Metals (NAM) has successfully\nmap-staked an additional\n \n\n 42\nmineral claims\n \n\n , making up\n \n\n two mineral licenses\n \n\n ,\nand covering\n \n\n 1,050\nhectares\n \n\n of crown land in Newfoundland and\nLabrador.\n \n\n\n\n\n\n Strategic Location:\n \n\n These newly acquired properties are situated along the same\n \n\n geological trend\n \n\n as the\n \n\n Beaver Brook\nAntimony Mine\n \n\n , Canada’s only primary antimony\nproducer, and in close proximity to\n \n\n New Found Gold Corp.'s Queensway South\nProject\n \n\n\n\n\n\n Total Land Position:\n \n\n The latest acquisitions increase NAM’s total staked land\npackage in Newfoundland to\n \n\n 19,125 hectares\n \n\n (47,266 acres) across\n \n\n eight non-contiguous\nproperties\n \n\n , reinforcing the company’s position\nfor new critical mineral discoveries in areas historically dominated\nby precious and base metal exploration\n \n\n\n\n\n\n Market Opportunity:\n \n\n Au prices are at historic highs of ~\n \n\n US$3,000/ounce\n \n\n ,\nwhereas Sb prices markedly increased from early 2024 to\n \n\n ~US$50,000/tonne\n \n\n and\nshould continue to rise as North America scrambles for sources of this\ncritical metal after China stopped exporting antimony in\nlate-2024\n \n\n\n\n 1\n \n\n\n\n\n\n\n\n Go Forward Plan:\n \n\n The Company’s technical consultants are actively compiling\nand interpreting geological, geochemical, and geophysical datasets to\ndefine high-priority target areas for field follow-up in summer\n2025.\n \n\n\n\n\n\n March 20, 2025 –\n \n\n TheNewswire -\n \n\n New Age Metals Inc.\n \n\n (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the\n“Company”) is pleased to announce the successful map-staking of\ntwo new prospective gold-antimony (Au-Sb) properties in north-central\nNewfoundland. These two properties are in addition to one previously\nstaked property along strike of the Beaver Brook Antimony Mine in\nnorth-central Newfoundland and five previously staked properties\nadjacent to and along strike of known Au-Sb occurrences in t...