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New Age Metals Signs a Binding Letter of Intent (LOI) with Prominent Alaskan Geological Consulting Firm
(via TheNewswire) - Alaska has an extensive mineral inventory and is one of the leadin...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Signs a Binding Letter of Intent (LOI) with Prominent Alaskan Geological Consulting Firm(via TheNewswire)\n \n \n\n\n- Alaska has an extensive mineral inventory and is one of the leading states in America for mineral exploration and development. \n\n\n\n- New Age Metals (NAM) objective is to acquire Platinum Group Metals (PGM), PGM Polymetallic, and Rare Metal Projects in Alaska and has signed a binding Letter of Intent (LOI) with Avalon Development Corp., a prominent Alaskan geological consulting firm.\n\n\n\n- Avalon Development Corp. is a private company and a leader in mineral exploration and development in Alaska. \n\n\n\n- Avalon has agreed to share its extensive geological, geochemical, and geophysical database with New Age Metals (NAM) for 2 years, with the focus being on PGM, PGM Polymetallic, and Rare Metal Projects in Alaska.\n\n\n\n- According to the Fraser Institute's 2017 survey of mining companies, Alaska ranks as the 10th best jurisdiction in the world for mining. In North America it stands as the 6th best mining jurisdiction behind only: Saskatchewan, Nevada, Quebec, Ontario and Arizona.\n\n\n\n- NAM has two green metals divisions and its major PGM focus is on the development of its 100% owned River Valley PGM Deposit, the largest undeveloped Primary PGM resource in North America, with 4.62Moz Pd Eq in Measured plus Indicated including an additional 2.7Moz Pd Eq in Inferred (see Mar. 21, 2018). River Valley is situated within 100 KMs of the world class Sudbury metallurgical complex.\n\n\n\n\n \nApril 4th, 2018 / TheNewswire / Rockport, ON, Canada - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that it has signed a binding Letter of Intent (\"LOI\") with Avalon Development Corp. (\"Avalon\"). The LOI calls for an agreement between the companies whereby Avalon will provide acquisition and geological services to New Age Metals (\"NAM\") in the state of Alaska. The LOI further defines the extent of the services as follows:\n\n\n \n\n\n1.To provide NAM with its extensive geological, geochemical, and geophysical database on Platinum Group Metals (PGM's), PGM Polymetallic, and Rare Metals for a minimum 2 years. \n\n\n\n2. Avalon will provide field manager services to NAM in the event any new acquisitions are made as a result of the LOI agreement. \n\n\n\n3.Avalon and/o...