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New Age Metals Signs Agreement to Acquire 100% of the Genesis PGM Project in Alaska
(via TheNewswire) - New Age Metals (NAM) owns 100% of the River Valley Platinum Group ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Signs Agreement to Acquire 100% of the Genesis PGM Project in Alaska(via TheNewswire)\n \n \n\n\n- New Age Metals (NAM) owns 100% of the River Valley Platinum Group Metals (PGM) Project, which is North America's largest undeveloped primary PGM Project located 100 kilometers from the Sudbury Metallurgical Complex, Ontario, Canada. Primary PGM deposits are rare outside of South Africa and Russia.\n\n\n\n- PGM's are a Green Metal and their demand is increasing for autocatalysis, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Fuel cell automobiles use up to one ounce of platinum per vehicle.\n\n\n\n- In order to add to its mineral inventory, NAM has signed an agreement to acquire 100% of a road accessible and drill ready PGM project in Alaska. \n\n\n\n- Alaska: On April 4th, NAM announced that it had signed a binding Letter of Intent (LOI) with Avalon Development Corp. in Alaska. This agreement will allow NAM to acquire PGM projects in the State in the future. See April 4th, 2018 press release for more details and to opt-in for NAM's press releases: Click Here.\n\n\n\n\n \n\n\n- Lithium Division: As field manager, NAM is currently preparing for the spring/summer exploration program where a minimum of $500,000 is to be expended in 2018 on the company's five Lithium projects in Manitoba (see news release dated January 15th, and February 22nd, 2018). The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled. \n\n\n\n- These new age metals, Lithium, PGM's and Rare Metals, have robust macro trends with surging demands and limited supply, and will fuel the demand for energy storage and other core 21st Century Technologies.\n\n\n\n- Lithium has an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.\n\n\n\n \n \nApril 18th, 2018 / TheNewswire / Rockport, Canada - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that it has signed an agreement with Anglo Alaska Gold Corp. (\"Anglo Alaska\"). The agreement which is subject to regulatory approval allows for New Age Metals and its wholly owned subsidiary Pacific Northwest Capital USA (jointly called \"NAM\") to acquire 100% interest of the 10,240 acre road accessible and drill ready Genesis PGM P...