When we last caught up with
New Age Metals Inc. (NAM) (
TSX-V.NAM,
OTCQB: NMTLF,
Forum) and the company’s Chairman, CEO & Director, Harry Barr back in
October, our Stockhouse investor audience was reintroduced to an intriguing green metals mineral exploration and development play…right here in North America.
The company boasts two divisions – each engaged in the process of acquiring, exploring, and developing Platinum Group Metals (PGM) and lithium projects. Geographically, New Age Metals operates in Canada and the U.S., with projects including:
To date,
New Age Metals is one of the largest mineral claim holders in the prolific Winnipeg River Pegmatite Field. All of the company’s mineral claims are held by Lithium Canada Development – a wholly-owned lithium division of New Age Metals.
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In the News
On
March 30th, New Age Metals announced ‘encouraging’ drill results from its maiden drill program at the Lithium Two Project in Manitoba.
Highlights of Assay Results
- High-grade lithium mineralization intersected in 11 drill holes along the Eagle Pegmatite confirming historic drilling grades.
- Mineralization encountered assayed up to 2.47% lithium oxide (Li2O) over 3 metres (estimated true width of 1.93 m) within 21.8 m (estimated true width of 14.0 m) of 0.83% Li2O.
- Two step-back holes confirm lithium grades extend down dip and the deposit remains open at depth.
- Spodumene bearing pegmatite encountered beneath the FD5 Pegmatite warrants further exploration drilling.
- Tantalum values up to 334 ppm over 1 metre.
- A comprehensive exploration plan for 2022 has been delivered to Mineral Resources Limited for approval and a final budget for the year is expected to be approved in the next 30 days.
Harry Barr, company Chairman & CEO, commented:
“We are encouraged by the results of our first drilling campaign on the Lithium Two Property. This gives us confidence in the property’s potential to host more significant mineralization, and that by using modern exploration techniques we can expand on the historic results. We have received our permit for an additional 10 drill holes and our team is currently in the process of planning our next steps. With the support of our partners, Mineral Resources Limited, we are looking forward to the advancement our projects this coming season.”
Also of note to investors, New Age Metals has been busy spinning drills at its River Valley and Manitoba lithium projects. As part of the company’s robust spring drilling programs, on
March 22nd, NAM announced the launch of its rhodium (Rh) assay program on 2021 metallurgical drill core samples from its 100% owned River Valley Palladium Project. And, less than two weeks earlier –
in the wake of palladium’s price hitting an all-time – New Age reported
high-grade palladium exploration results from the Dana South-Southeast Trench Area at River Valley with channel sample assay grades of up to 6.11 g/t Pd, 1.86 g/t Pt and 0.26% Cu.
Investment Opportunity
According to Fortune Magazine’s Business Insights, “the global lithium market size is projected to reach USD 8.24 billion by the end of 2027. The increasing investments in lithium extraction methods have opened up a flexible application scope. The market was worth USD 4.09 billion in 2019 and will exhibit a Compound annual growth rate (CAGR) of 9.2% during the forecast period, 2020-2027.”
These are robust numbers that savvy investors in the green metals space should remain well aware of. By apparent measurables and metrics, New Age Metals’ Southeast Manitoba projects appear to be undervalued assets… in an underexplored and mining-friendly lithium jurisdiction.
New Age Metals Video Q&A - Q1 2022
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For more information, please visit
newagemetals.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.