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New Age Metals Inc V.NAM

Alternate Symbol(s):  NMTLF

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. The Company has two divisions: a Platinum Group Element division and a Lithium/Rare Element division. The Platinum Group Element Division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, one of North America’s undeveloped Platinum Group Element Projects, situated 100 kilometers by road east of Sudbury, Ontario. The Company’s Lithium Division holds mineral claims in the Winnipeg River Pegmatite Field, where it is exploring for hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. Its lithium projects include Lithium One, Lithman East, Lithman West, Lithman North, Lithium Two, Lithman East Extension, Cat Lake Lithium Project, Bird River Lithium, Lithium One West, Lithium One East, and Lithman East.


TSXV:NAM - Post by User

Comment by CatamaranFundon Aug 23, 2024 4:53am
82 Views
Post# 36192951

RE:RE:RE:good day

RE:RE:RE:good dayHi Nicoska,
Wiki states the six platinum-group metals are ruthenium, rhodium, palladium, osmium, iridium, and platinum. They have similar physical and chemical properties, and tend to occur together in the same mineral deposits. They can be further subdivided into the iridium-group platinum-group elements (IPGEs: Os, Ir, Ru) and the palladium-group platinum-group elements (PPGEs: Rh, Pt, Pd)

Todays world spot pricing on Kitco for the bottom 3 metals:
Rhodium:CDN $6,864  or US$ 5,050 per Oz.
Platinum: CDN $1309.98 or US$ 964 per Oz.
Palladium CDN $1303 or US $ 959 per Oz.

Significant uses of selected PGMs,
 
Palladium: autocatalysts, electronics, dental,chemical reagents
Platinum: jewelry autocatalysts
Rhodium: autocatalysts

Example: Platinum used in automobile catalytic converter 2 to 7 grams, but up to 20 to 60 grams is used as the catalyst in each hydrogen fuel cell. Palladium is also a key component to fuel cells but has a lower melting point

New age metals is ready to cover both demands for lithium (Bevs) and PGMs for the fuel cell crowd, that may get bigger as once again Elon Musk oversteps the short sighted  Big 3 North American auto makers and pioneers a 'Quality"  North American made Hydogen Fuel cell car (and trucks) in 2025. Cheers!
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