New Age Metals Inc · TSXV:NAM
New Age Metals — Investor Presentation (August 2025)
49 slides from New Age Metals's investor presentation, August 2025
Slide 1: Diversified Green Metal Exploration & Development
DIVERSIFIED GREEN METAL EXPLORATION & DEVELOPMENT Q4 2025 Au-Sb Li PGM
Slide 2: Disclaimers
DISCLAIMERS SAFE HARBOUR STATEMENT FORWARD-LOOKING STATEMENTS This report includes forward-looking statements covered by the Private Securities Certain information presented, including discussions of future plans and operations, Litigation Reform Act of 1995. Because such statements deal with future
Slide 3: Why New Age Metals?
WHY NEW AGE METALS? Diversified green commodity portfolio (Gold-Antimony, Lithium – Cesium and PGM) • Phase One exploration program completed on new Gold- Antimony critical metal properties in Newfoundland. Phase 2 slated for late summer/early fall 2025. • Partnership with one of top 5 global lithiu
Slide 4: Diversified Portfolio, Critical Metal Focus
DIVERSIFIED PORTFOLIO, CRITICAL METAL FOCUS PLATINUM GROUP METALS DIVISION RIVER VALLEY PALLADIUM GENESIS PGM-COPPER- PROJECT NICKEL PROJECT ONTARIO, CAN ALASKA, USA LITHIUM DIVISION NEWFOUNDLAND DIVISION CRITICAL METALS – LITHIUM AND RARE GOLD AND ANTIMONY ELEMENT PROJECTS MANITOBA, CAN NEWFOUNDLAN
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE SHAREHOLDERS 72,894,562 ISSUED & OUTSTANDING 30% ERIC SPROTT 3,679,166 OPTIONS MANAGEMENT 59% 9,150,052 WARRANTS 1 5% INSTITUTIONAL 6% 85,723,781 FULLY DILUTED RETAIL 3 APPROX. $29.2M MARKET CAP (CAD) CASH + Marketable Securities $0.40 SHARE PRICE 2 NOVEMBER 2025
Slide 6: Board of Directors
BOARD OF DIRECTORS HARRY BARR COLIN BIRD CHRIS BERLET CHAIRMAN & CEO DIRECTOR DIRECTOR Founder, Chairman and CEO of International Metals Group 30+ years of international experience in developing, Currently serving as the President & CEO, Director of Canuc financing, operating and managing nickel, co
Slide 7: New Age Leadership
NEW AGE LEADERSHIP HARRY BARR ROBERT GUANZON CHAIRMAN & CEO CFO CHARLOTTE BROWN WILLIAM STONE, Ph.D., P. Geo. CORPORATE SECRETARY LEAD CONSULTING GEOSCIENTIST, PGM, NI-CU AND AU SPECIALIST AND ANTIMONY ENTHUSIAST FARID MAMMADOV MAX KACZMER - Axiom Exploration. VICE PRESIDENT, INVESTOR RELATIONS CONS
Slide 8: Community Engagement
COMMUNITY ENGAGEMENT ABORIGINAL COMMUNITY RELATIONS NAM has established strong relationships with aboriginal communities in Ontario and Manitoba EXPLORATION AGREEMENTS NAM has long standing agreements with the Temagami First Nation (2014) and the Nipissing First Nation (2022) in Ontario and the Sagk
Slide 9: Newfoundland Division
NEWFOUNDLAND DIVISION Gold-Antimony Newfoundland Gold-Antimony Properties
Slide 10: Highlights
Highlights • Land Holdings: NAM recently map-staked 765 mineral claims totalling 19,300 ha (47691 acres) of crown land across 12 non-contiguous properties in Newfoundland and Labrador; • Location: The newly staked claims are adjacent to and along strike of the Swanger Cove Au-Sb Target and Le Pouvoi
Slide 11: Antimony Ridge Property
Antimony Ridge Property o NAM has entered into an option agreement dated June 18, 2025 with Ross Collier, a local prospector, whereby NAM has been granted the exclusive right to acquire up to 100% interest in mineral license 035215M consisting of 20 claims totaling 500 hectares and known as the Anti
Slide 12: St Alban's Area Au-Sb Properties I
St Alban’s Area Au-Sb Properties I Swanger’s Cove Area: Citadel, Fort, Redoubt Properties: o 151 claims (6,275 ha) staked around and along strike of the Swanger’s Cove Au-Sb Target (Canstar Resources Inc.); o The Citadel Property fills gaps between Canstar’s Swanger’s Cove Prospect and Antimony Ridg
Slide 13: St Albans Area Au-Sb Properties II
St Albans Area Au-Sb Properties II Le Pouvoir Area: Bastion and Rampart Properties: o 323 claims (8,075 ha) staked adjacent to and along strike of the Le Pouvoir Au-Sb Showing; o The Bastion and Rampart Properties cover major crustal-scale fault structures (Day Cove Thrust), known to control high-gr
Slide 14: Gander Area Au-Sb Properties
Gander Area Au-Sb Properties 90 km north, near Gander, NAM staked 191 claims covering 4,775 ha in 3 properties along the southwest extension of the Beaver Brook Mine trend and near the Queensway South Project: • Beaver Brook Mine was Canada’s only primary antimony producer, with a historical resourc
Slide 15: Gander Area Au-Sb Properties - Zoom
Gander Area Au-Sb Properties - Zoom Sentinel: 149 claims for 3,725 ha in a single contiguous property; located 10 km SW on trend from the Beaver Brook Mine; and 5 km west of the Queensway South Gold Project; and targets extensions of high-grade Sb (Au) mineralization. Palisade: 13 claims covering 32
Slide 16: Regional Geology – New Found Gold
Regional Geology – New Found Gold Proximity: NAM’s claim lie within the same geological corridor as New Found Gold, located in the Central Newfoundland Gold belt. This provides a prospective exploration potential. NFG’s 2025 Mineral Resource Estimate Highlights: - Indicated: 1.39 Moz @ 2.4 g/t Au -
Slide 17: NFLD Au-Sb Go-Forward Plan
NFLD Au-Sb Go-Forward Plan • The addition of these 12 highly prospective properties to NAM’s exploration portfolio presents a significant opportunity for Au-Sb discoveries. • The Company’s technical consultants have completed the Phase One Program which focuses on first-pass mineral prospecting, geo
Slide 18: Lithium Division
LITHIUM DIVISION Li SPODUMENE-LEPIDOLITE SURFACE MINERALIZATION AT LITHIUM ONE PROJECT
Slide 19: Spodumene Superiority
SPODUMENE SUPERIORITY BRINE VERSUS SPODUMENE COST COMPARISON 1 LiOH CATHODE BATTERIES HAVE BETTER ENERGY DENSITY, LIFE CYCLE AND SAFETY $8,000 SPODUMENE IS PREFERRED FEEDSTOCK FOR ELECTRIC VEHICLE MANUFACTURERS $6,000 SPODUMENE IS A LOWER COST SOURCE $2,000 FOR LITHIUM HYDROXIDE VS. BRINE $4,000 $2,
Slide 20: Lithium Hydroxide Demand
LITHIUM HYDROXIDE DEMAND LITHIUM DEMAND BY TYPE 1 (M TONNES/Y LCE 2) 6 LITHIUM HYDROXIDE REQUIRED IN HIGH- 5 NICKEL MATERIALS FOR LONG-RANGE EVs 4 21% PROJECTED COMPOUND ANNUAL 3 GROWTH IN LiOH DEMAND 2 LiOH SHORTAGES EXPECTED BY 2025 1 0 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Lithiu
Slide 21: NAM Lithium Projects
NAM LITHIUM PROJECTS 12 100%-OWNED PROJECTS, 3 DRILL- READY LARGEST REGIONAL CLAIM HOLDER: 21,611 HECTARES IN SOUTHEASTERN MANITOBA. TOTAL HOLDING 74,448 HECTARES JOINT VENTURE WITH MINERAL RESOURCES LTD Q4 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 21
Slide 22: New Age Metals – Mineral Resources Limited Joint Venture Agreement
New Age Metals – Mineral Resources Limited Joint Venture Agreement • NAM has entered into a binding term sheet with Australian lithium and iron ore producer, Mineral Resources Limited (MRL) in 2021. To date, MRL has expended over $10 million • MRL has the right to acquire an initial 51% interest by
Slide 23: Drill-Ready Lithium Projects
DRILL-READY LITHIUM PROJECTS LITHIUM TWO – HISTORICAL RESOURCE OF 544,000 TONNES AT 1.4% Li2O1. 3 KNOWN PEGMATITES. FLOWN WITH DRONE GEOPHYSICS IN 2021. MAIDEN DRILL PROGRAM COMPLETED IN OCTOBER 2021. SEE COMPANY PRESS RELEASE DATED 30 MARCH 2022 FOR DRILL RESULTS. LITHMAN WEST – FLOWN WITH DRONE GE
Slide 24: Manitoba Exploration Program
MANITOBA EXPLORATION Program • Objective: The main objective is to define and prioritize drill targets and bring additional projects to a drill ready stage in an effort to establish an economically exploitable lithium deposit in close proximity to Tanco Mine. • Mapping: Complete updated property bed
Slide 25: Lac Otelnuk Iron Ore Project
Lac Otelnuk Iron Ore Project • On August 6th, NAM increased its existing 6.44% ownership in MetalQuest Mining to ~12.9% MetalQuest Mining has 100% ownership in the historic multi-billion tonne Lac Otelnuk Iron Ore Project in Nunavik, Quebec. In 2024, the Quebec, Newfoundland and Labrador and Federal
Slide 26: Bonanza Gold Project
Bonanza Gold Project Kenora Mining District •Multiple high-grade mineral occurrences of gold at surface; •Excellent infrastructure, including road access to all areas to the Project and provincial grid power lines; •Location 25 km southeast of City of Kenora, a major northwestern Ontario economic hu
Slide 27: Platinum Group Metals Division
Areal View of Dana North Outcrops and Access Road– View Looking westwards PLATINUM GROUP METALS DIVISION Pd Pt Rh
Slide 28: Palladium (Pd) Market
PALLADIUM (Pd) MARKET Pd in supply deficit since 2012 Auto industry demand ~85%. Pd is widely used in the catalytic convertors. More emissions legislation gives favourable outlook Russia accounts for 40% Of global Pd exports. Western countries seek alternative Pd supply channels sources: 1Johnson Ma
Slide 29: The Future Hydrogen Economy
The Future Hydrogen Economy WPIC 2023 29 Q4 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2
Slide 30: River Valley Palladium Project
RIVER VALLEY PALLADIUM PROJECT Located 100 road-km from Sudbury, Ontario Long-established, world- class Ni-Cu (PGM) mining district Major mineral processing & metal recovery facilities Q4 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 30
Slide 31: River Valley Project Overview
RIVER VALLEY PROJECT OVERVIEW FACTS1 Primary Metals: Pd, Pt, Cu (Primary PGM Deposit) Project Stage: PEA completed summer 2023 Location: near City of Sudbury, Ontario River Valley Project (M&I: 89 Mt @ $47.3/t NSR Mineral 2.25 Moz Pd+Pt+Au (M+I) & 1.7 Moz (Inf.) Inferred: 93 Mt @ $31.1/t NSR) Resour
Slide 32: 2021 Updated Mineral Resource Estimate Summary
2021 UPDATED MINERAL RESOURCE ESTIMATE SUMMARY Pd PALLADIUM Pt PLATINUM Rh RHODIUM Cu COPPER Au GOLD AgSilver 1,568,300 oz 606,400 oz 53,800 oz 114.7 Mlbs 106,700 oz 759,800 oz PALLADIUM M+I 1 PLATINUM M+I RHODIUM M+I COPPER M+I GOLD M+I SILVER M+I 1,073,700 oz 480,600 oz 43,700 oz 88.1 Mlbs 94,200
Slide 33: 2023 Preliminary Economic Assessment
2023 PRELIMINARY ECONOMIC ASSESSMENT • Pre-Tax NPV(5%): $296M; After-Tax: $140M • Pre-Tax IRR: 16%; After-tax IRR: 11% • Annual Production: 2.5 Mt of potential process plant feed at an average grade of 1.19 g/t PdEq and process recovery of 71.5%, resulting in an average annual payable Pd production
Slide 34: 2023 PEA Results
2023 PEA Results Financial Metrics • Pre-Tax NPV(5%): $296M; After-Tax: $140M • Pre-Tax IRR: 16%; After-Tax IRR: 11% • Pre-Production CAPEX: $269M • Average Unit OPEX: $31/t (value = $71.4/t NSR) • Metal Prices: $2,150/oz Pd, $1,050/oz Pt, $4/lb Cu Physical Metrics Operating Margin • Annual Producti
Slide 35: New PEA: Site Plan
New PEA: Site Plan Project Components • 5 OP Mines • 2 UG Mines • 3 Waste Rock Piles • 1 Overburden Pile • 1 Stockpile • 1 Tailings Facility • 1 Processing Plant Compared to 2019 PEA • Smaller operation • Lower CAPEX • Reduced environmental footprint Q4 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NM
Slide 36: River Valley Project Go-Forward Plan
RIVER VALLEY PROJECT GO-FORWARD PLAN • Follow-up on PEA recommendations for permitting and Feasibility-level studies • Continue PLATSOL studies to improve recovery of PGMs and copper • Continue community consultations and engagements and expand environmental baseline studies • Complete a new explora
Slide 37: Project Value Enhancement Opportunities
PROJECT VALUE ENHANCEMENT OPPORTUNITIES 1. Improve Metals Recoveries 2. Increase Mineral Resources 3. Continue Environmental Studies Q4 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 37
Slide 38: 1. Improve Metal Recoveries
1. IMPROVE METAL RECOVERIES Sulphide Flotation Recoveries at RVP • 71% Pd, 57% Pt, 86% Cu • Bulk Cu Concentrate: >100 g/t Pd + Pt; 13% Cu • Viewed by smelters as a low-value product PLATSOL • High-pressure high-temperature acid leach and solvent extraction technique • Optimized for PGM recovery from
Slide 39: PLATSOL: What is it?
PLATSOL : What is it? Source: SGS Mineral Services. 2022. PLATSOL process provides a viable alternative to smelting. Technical Services Paper 2002-01. 5 pages. Conceptual flowsheet for gold, PGM and base metal Conceptual Plant (Outotec) recovery from sulphide concentrate. 39 Q4 2025 NEWAGEMETALS.COM
Slide 40: 2. Increase Mineral Resources
2. Increase Mineral Resources Goals • Double size of higher-grade Measured & Indicated Mineral Resources; and • Build-up Mineral Resources for UG mining RVP 2023 PEA Priority Drill Targets • Dana South Zone • Lismer North Zone • Varley Zone (south part) When • Subject to financing Dana South UG exte
Slide 41: PGM Exploration Targets
PGM EXPLORATION TARGETS Many IP anomalies similar to Pine Zone extend N to NE from footwall contact of the River Valley Intrusion Palladium targets located adjacent to existing Mineral Resources (zones) and potential open pit locations Pd Most have not been drill tested Possible magmatic feeder zone
Slide 42: 3. Continue Environmental Studies
3. Continue Environmental Studies • Purpose: For future permitting Hydrology & Water Monitoring Studies • Story Environmental • First Nations Next Steps • Fund and Execute 2025-2026 Programs • Including IP geophysical surveys and advanced metallurgical studies PLATSOL • Environmental considerations
Slide 43: Genesis PGM-Cu-Ni Property
GENESIS PGM-Cu-Ni PROPERTY 100% OWNED 3 KM FROM HIGHWAY & ELECTRIC TRANSMISSION LINE KNOWN PGM-Cu-Ni MINERALIZATION COVERS 9 KM, BASED ON FALL 2025 SURFACE SAMPLING AND MAPPING PROGRAM SEEKING EXPLORATION AND DEVELOPMENT OPTION/JV PARTNER DRILL-READY PGM-Cu-Ni REEF-TYPE TARGET: 2.4 G/T PD, 2.4 G/T P
Slide 44: Why New Age Metals?
WHY NEW AGE METALS? Diversified projects and investments in green metals (Gold- Antimony, Li, PGM and High-Purity Iron Ore) • Phase One exploration program completed on new Gold- Antimony critical metal properties in Newfoundland. Phase 2 slated for late summer/early fall 2025. • Partnership with on
Slide 45: Thank You
THANK YOU FOR MORE INFORMATION CONTACT US AT : 1-613-659-2773 info@newagemetals.com SIGN UP TO RECEIVE COMPANY UPDATES : https://newagemetals.com /join Icon A cloud in the sky Icon Icon Icon Description automatically generated Description automatically generated with medium Description automatically
Slide 46: Appendix
APPENDIX 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 46
Slide 47: Mineral Resource Estimates 2021
MINERAL RESOURCE ESTIMATES 2021 NOTES Pit Constrained Cut-off = CDN$15/t NSR and Out-Of-Pit = CDN$50/t NSR Cut-offs 1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 2. The estimate of Mineral Resources may be materially affected by environmental, permit
Slide 48: Mineral Resources Limited – Corporate Overview
Mineral Resources Limited – Corporate Overview • Mineral Resources was established in July 2006 when pipeline manufacturing and contracting business PIHA, Crushing Services International and Process Minerals International merged and was listed on the Australian Securities Exchange (ASX:MIN). • At pr
Slide 49: Mineral Resources Limited – Lithium Overview
Mineral Resources Limited – Lithium Overview Hard Rock Lithium Assets MRL has partnered with two of the largest downstream lithium companies on its hard rock lithium mines 1. Wodgina - MRL (40%) / Albemarle (60%) Wodgina was acquired in 2017 and quickly developed into one of the world’s largest spod