New Age Metals Inc V.NAM

Alternate Symbol(s): NMTLF

Metals & Mining Industrial Metals & Minerals

New Age Metals Inc. is a Canada-based junior mineral exploration and development company. The Company is focused on the discovery, exploration and development of green metal projects in North America. It has two divisions: Platinum Group Element division and Lithium/Rare Element division. Platinum Group Element division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, which is a North America’s undeveloped Platinum Group Element Projects, situated 100 kilometers by road east of Sudbury, Ontario. In addition to River Valley, the Company owns 100% of the Genesis PGE-Cu-Ni Project in Alaska. Lithium/Rare Element division is a mineral claim holder in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements, such as tantalum, rubidium, and cesium. Its Lithium Project includes Lithium One, Lithman East, Lithman West, Lithman North, Lithium Two, Lithium East Extension and Cat Lake Lithium Project.

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New Age Metals Inc

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Post by GarryJan1on Jun 16, 2019 11:22pm

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Post# 29830951

In the last news release Harry mentioned Major Partners

The way the NR reads (part highlighted below) it sounds like potential partners are just waiting on the PEA results to finalize there due diligence before committing to a contract. Unless I am reading it wrong ? Any thoughts ?

During 2019, the company's exploration & development objectives are as follows:

1.Complete the re-stated resource calculation (Q1 2019);

image: https://www.thenewswire.com/data/tnw/clients/img/cf46835ee1f062b6a168d195e781a070_.png
2.Complete the Projects first economic study, PEA (Q2 2019);
3.Complete surface exploration on additional target areas based on recommendations of the updated 43-101 and the 2017/2018 geophysics (slated for Q3-Q4 2019);
4.Arrange additional funding for continued development of the project (ongoing);
5.Conduct a 5000-metre drill program focusing in the northern portion of the Project;
6.Solicit a strategic partner to aid in further exploration and development of the Project. Potential major partners are waiting for the PEA results to complete additional due diligence on River Valley.