September 9th, 2025 – TheNewswire - Rockport, Ontario – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) (“NAM” or the “Company”) provides an update on the 2025 field program at its 100%-owned Genesis PGM-Cu-Ni Project in southeast Alaska, approximately 65 km south of Glennallen and ~265 km east of Anchorage. The project is road-accessible and situated within 3 km of the all-season Richardson Highway and a high-capacity power line. From the Tonsina Lodge, which the exploration crew utilized during the program, it takes approximately one hour to access the site.

  

Highlights of the Genesis project are listed below:

 

• The Genesis PGM-Cu-Ni Project is 100% owned by New Age Metals. 

• The Company is actively seeking an option/joint venture partner for our and its road-accessible Gensis PGE-Cu-Ni Project in Alaska. 

• The project is located within 3 km of the all-season paved Richardson highway and a high-capacity electric power line. 

• The Genesis property comprises 4,144 hectares of State of Alaska mining claims. 

• Two separate settings of magmatic reef-style mineralization occur: chromate-hosted Platinum Group Metals (PGM) returning up to 2.4 g/t palladium (Pd) and 2.4 g/t platinum (Pt); and nickel-copper (Ni-Cu)-bearing sulphide mineralization with values up to 0.96% Ni and 0.58% Cu. 

• Reef-style cumulate mineralization is open to the west, east, north and at depth. 

• Reef-style mineralization has been identified in outcrop for 2,000 metres along strike, with a 40-metre true thickness. 

• The 2025 Program focused on Sheep Hill area of the Project and approximately 134 rock samples were sent to the ALS lab to Reno, Nevada.  

• Known mineralization covers a distance of 9 km across the prospect. The target areas have never been drilled. A Technical Report is available. 

  

Highlights of the Genesis project 2025 Exploration Program are listed below:

 

• 2025 Sheep Hill program has been completed. Detailed mapping and prospecting focused on the western half of Sheep Hill were carried out at 1:1,000 scale; 134 rock samples were collected during July 15–19, 2025. After QA/QC additions (blanks and standards), 163 samples were shipped to ALS in Reno. Assays are pending. 

• Access verified and improved logistics. The team mobilized from Anchorage to the base camp at Tonsina River Lodge and confirmed ~11 miles of ATV trail access to the Sheep Hill work area, including a safe Bernard Creek crossing. Travel time to the trailhead was refined to ~1 hour each way as routes were flagged. The program was completed within budget. 

• Genesis remains a 100% NAM-owned PGM-Cu-Ni project; two magmatic mineralization settings are present at surface; 

  • (i) chromite-hosted PGM up to 2.4 g/t Pd and 2.4 g/t Pt and (ii) Ni-Cu sulphide up to 0.96% Ni and 0.58% Cu. Reef-style mineralization is mapped in outcrop for ~2.0 km with ~40 m true thickness; PGM mineralization spans ~9 km across the prospect; no drilling has yet tested these targets. 

 

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Figure 1: Map showing a portion of the ATV trail (red line), walking trail (green line) and the preliminary sample points (yellow dots) from the fieldwork portion of the project.

 

Figure 2. Location of Alaska Genesis Project

   

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Figure 3: Image of Tonsina River Lodge which our technical crew utilized for the 2025 Field program. This facility is road accessible to the Alaska Genesis Project.

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Figure 4. Map of the project area, lodging, proposed access route, and preliminary sampling grid.

Figure 5: Image showing the loaded ATV trailer and the trailing ATV with field crew members.

 

2025 Fieldwork Summary and Next Steps

 

The Company engaged Alaska Earth Sciences (AES) to execute a six-day, four-person program centered on Sheep Hill, following up on copper anomalies identified by Aurora Geosciences in 2021 and recommendations from the 2018 Technical Report. Work included detailed geological mapping at 1:1,000 to 1:2,000 scales, litho-geochemical grid planning (100 m × 100 m where applicable), and targeted grab rock and sediment sampling.

 

Operational additions to the July 29 program outline are as follows: mobilization occurred July 14, with base camp at Tonsina River Lodge; ATV access (including Bernard Creek crossing) was physically confirmed and improved with flagged routes; consideration is being given to permitting a short ATV spur from the current parking area to the base of the mountain to streamline future sampling and support activities. A total of 163 samples (including QA/QC) were dispatched to ALS Reno; results will be released once received and reviewed. After review of the results, NAM will have the consultants initiate an updated geological report which future recommendations.

 

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Figure 6: Truck and trailer loaded with field gear and ATVs for the Gensis Project Summer Field Program.

      

Qualified Person

Robert M Retherford, CPG #10904, is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects and a consultant to NAM, has reviewed and approved the scientific and technical disclosure in this press release.

The Qualified Person has not completed sufficient work to verify the historical information on the project.

 

Issuance of Options

The Company also announces that it has granted 2,925,000 incentive stock options to directors, officers, employees, investor relations service provider, and consultants of the Company at an exercise price of $0.26 per share for a period of five (5) years from the date of grant in accordance with the Company’s Stock Option Plan.  The Stock Options granted will be subject to vesting restrictions, acceptance by the TSX Venture Exchange and are subject to regulatory hold periods in accordance with applicable Securities Laws.

 

About NAM

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration, and development of critical green metal projects in North America. The Company has three divisions: a Platinum Group Element division, a Lithium/Rare Element division, and a Antimony-Gold Division.

The PGE Division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, one of North America’s largest undeveloped Platinum Group Element Projects, situated 100 km by road east of Sudbury, Ontario. In addition to River Valley, NAM owns 100% of the Genesis PGE-Cu-Ni Project in Alaska.

The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. NAM is developing its lithium division in conjunction with its Farm-in/Joint Venture agreement with Mineral Resources Ltd. (“MinRes”), one of the world’s largest lithium producers. A minimum budget to maintain the Projects has been approved by Mineral Resources Ltd for May 2025 to April 2026. The Companies agreed to the minimum budget due to current lithium pricing and forest fire dangers in the immediate area

In April 2024, a $1.5M NSERC Alliance grant was awarded to a collaboration led by the University of Manitoba (Drs. Fayek and Camacho), with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals. This research is focused on advancing Canada’s critical metals sector, with New Age Metals’ portion targeting its Bird River lithium properties. Approximately $107,000 of work is planned on New Age’s properties in 2025. The early work will include core sampling and field visits starting this summer. The project will likely extend beyond the original 3-year term, due to its delayed start.

New Age Metals Inc. is supporting a successful $180K Mitacs research grant, awarded in 2023, through its $90K contribution (already accounted for and paid under the Mineral Resources joint venture). This academic partnership with the University of New Brunswick and the University of British Columbia is focused on understanding the origin and controls of lithium pegmatite mineralization in the Cat Lake–Winnipeg River field. Fieldwork for the MSc. thesis has been completed, while the post-doctoral phase is ongoing at UNB.
This collaboration provides access to top-tier scientific expertise and equipment, significantly reducing analysis costs and adding long-term value to the project.

NAM’s Antimony-Gold division is in Newfoundland and spans over 19,800 hectares consisting of 11 non-contiguous properties. Six of these properties are in St. Alban’s area, along Canstar’s Swanger and Little River mineralized trends. The remaining 5 properties are strategically located along the same geological trend as the past-producing Beaver Brook Antimony Mine and in proximity to New Found Gold’s Queensway South Gold Project. Management has recently completed Phase 1 of the Project, Phase 2 has been initiated, and further news will follow.

On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal. NAM currently owns approximately 12.79% and holds warrants that, if exercised with today’s issued and outstanding shares of MQM, would bring NAM to a 19.05% interest in MetalQuest Mining inc. 

MetalQuest Mining inc. is developing one of North Americas largest iron ore projects, where approximately $120 million has been spent on the project. For more information, please visit MetalQuestMining.com . High-purity iron ore became a critical metal Federally in Canada and in the Provinces of Quebec and Newfoundland and Labrador in 2024.

 

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production

The Company is actively seeking an option/joint venture partner for our and its road-accessible Genesis PGE-Cu-Ni Project in Alaska.

 

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If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.

 

On behalf of the Board of Directors

 

“Harry Barr”

 

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results and are based on current expectations or beliefs.  For this purpose, statements of historical fact may be deemed to be forward-looking statements.  In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions.  These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.  Investors should not place undue reliance on forward-looking statements.