Drill resultsNew Age Metals Inc. (TSXV:NAM)July 7, 2026 at 7:15 AM EDT

New Age Metals commences 2026 fieldwork on Newfoundland Au-Sb portfolio; trenching at Antimony Ridge-Golden Grit

Source:

TheNewswire

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  Ju ly 7 , 2026 – TheNewswire - Rockport, Ontario – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) ("NAM" or the "Company") is pleased to announce that it has commenced 2026 field activities across its Newfoundland gold–antimony (Au–Sb) portfolio in the St. Alban's–Bay d'Espoir area of south-central Newfoundland and Labrador. Fieldwork is spearheaded by trenching and channel sampling on the Antimony Ridge–Golden Grit property , building directly on the high-grade Phase 1 and Phase 2 results reported last season (see August 27, 2025 and February 27, 2026 news releases). In parallel, the Company has staked a new mineral license – the Citadel Extension – along trend of Antimony Ridge and adjacent to Newfound Gold Corp.'s Golden Grit ground, and has received the final processed dataset from the late-2025 Xcite helicopter-borne TDEM and LiDAR survey , which has identified a large conductive trend extending along strike from the historic Beaver Brook Sb mine.   2026 Program Highlights Trenching and channel sampling underway at Antimony Ridge–Golden Grit, targeting zones that returned up to 51.2% Sb and 6.53 g/t Au in float, up to 46.2 g/t Au from quartz veins, and up to 6.57% Sb from stibnite–quartz veins during Phase 1 and Phase 2   Full suite of trenches and access trails permitted ; preparatory work including tree and brush clearing has been completed, and excavation is proceeding in a priority sequence   Historical data integration : NAM's high-grade zones are spatially coincident with historical (1991) results including a 1,200 m × 50 m quartz–stibnite boulder train, up to 16.5 g/t Au from historical trenching, and anomalous gold in till of up to 374 grains (358 pristine) (NFLD/2164)   New Citadel Extension claim staked along strike of Antimony Ridge and adjacent to Newfound Gold Corp.'s True Grit project; a regional 500 m × 500 m till sampling grid is planned to assess prospectivity   Xcite TDEM + LiDAR survey data received ; a large conductive trend extending along strike from Canada's only historical primary antimony producer (Beaver Brook) has been identified as a priority target   Soil geochemistry lines proposed over the TDEM conductor; this program has been approved for a Junior Exploration Assistance (JEA) Grant , which would cover a portion of eligible incurred exploration costs     Harry Barr, NAM Chairman and CEO, comments: "We are very pleased to be back in the field on our Newfoundland Au–Sb portfolio following our inaugural season where our first two phases delivered consistent superior results as referenced in the press release linked above.

Receiving full permitting for our trenches and access trails, and completing the site preparation, were significant milestones – our crews have cleared the ground and we are now excavating on a prioritized basis to extract maximum value from the most prospective targets. We are equally excited by the Xcite TDEM results near the Beaver Brook mine and by the staking of the Citadel Extension. With grant support behind our soil program and our highest-priority trenches now being excavated, we are advancing this portfolio efficiently and look forward to sharing results throughout the season.” Trenching and Channel Sampling – Antimony Ridge–Golden Grit The Company's 2026 program is centred on the Antimony Ridge–Golden Grit property in the St. Alban's–Bay d'Espoir area.

The full suite of trenches and supporting access trails has been permitted , and the Company has completed the necessary preparatory work, including tree and brush clearing along the permitted trail and trench network. With site preparation complete, the Company has commenced mechanically-assisted excavation and intends to advance the trenches in a priority sequence , focusing first on the highest-ranked targets and excavating as conditions and resources allow. The Company does not intend to complete every permitted trench this season; rather, the permitting and preparation provide the flexibility to pursue the most prospective zones efficiently.

Trenching is designed to expose fresh bedrock across the principal mineralized zones defined during Phase 1 and Phase 2: Southeastern High-Grade Antimony–Gold Zone: grab and float samples returned up to 51.2% Sb and 6.53 g/t Au, with coincident soil anomalies suggesting a proximal, unexposed bedrock source.   Central High-Grade Gold Zone: cross-cutting quartz veins returned up to 46.2 g/t Au, interpreted to be hosted along brittle fault structures that overprint the regional foliation.   Stibnite-Bearing Quartz Vein Corridor: sheeted stibnite–quartz veins returned up to 6.57% Sb, traced over the northwestern part of the property and coincident with the historical quartz–stibnite boulder train.     Channel sampling will be conducted across exposed prospective bedrock, and results will be reported as they are received and verified through the Company's QA/QC program. Click Image To View Full Size   Figure 1: Overview of permitted trenches, trails, and 2025 rock and historical results, Antimony Ridge–Golden Grit property   The Company's current targets are spatially coincident with historical results documented in Government of Newfoundland and Labrador assessment file NFLD/2164 (Pickett, 1991) , which covered this ground under the name "Golden Grit," including the area historically referred to as "Antimony Ridge”. Historical work in the area documented a 1,200 m × 50 m quartz–stibnite boulder train coincident with anomalous antimony in soils, up to 16.5 g/t Au from historical trenching, and anomalous gold-in-till counts of up to 374 grains (358 pristine) over a roughly 1 km wide area in which no outcrop was identified – supporting the interpretation.

These historical results are presented for context only; the Qualified Person has not independently verified them and they should not be relied upon as indicative of mineralization on the Company's property). New Citadel Extension Claim and Regional Till Sampling The Company has staked a new mineral license, the Citadel Extension , capturing ground along the strike of the Antimony Ridge–Golden Grit property and directly adjacent to Newfound Gold Corp.'s True Grit project . The new claim is positioned within the same regional structural and stratigraphic corridor that hosts the Company's known stibnite and gold mineralization, and that hosts the historical True Grit gold showing on the adjacent property to the east.

On the neighbouring Newfound Gold property, the historical True Grit gold showing (Newfoundland and Labrador Mineral Occurrence Database System occurrence 001M/13/Au 014) was drill-tested by Cornerstone Capital Resources Inc. and Moydow Mines in 2003. The best reported intersection, from hole TG-4, returned 0.6 g/t Au over 117 m, including 26 m grading 0.83 g/t Au , within a broad (approximately 2,600 m × 800 m) coincident gold–arsenic–antimony soil geochemical anomaly (Cornerstone Capital Resources Inc. news release dated August 27, 2003). These are historical results from an adjacent property; they are not located on the Company's Citadel Extension claim, have not been verified by the Qualified Person, and are not necessarily indicative of mineralization on the Company's ground.

They are presented to illustrate the demonstrated gold endowment and exploration potential of the regional structural corridor along which the Citadel Extension is staked. The Company plans to complete a regional 500 m × 500 m-spaced till sampling grid over the Citadel Extension to assess its prospectivity. Till geochemistry is an established and cost-effective reconnaissance tool in Newfoundland that can detect geochemical and indicator-mineral signatures derived from bedrock sources beneath surficial cover, allowing the Company to efficiently prioritize the new ground for follow-up exploration.

Click Image To View Full Size Figure 2: Citadel Extension claim and proposed 500 m × 500 m regional till sampling grid Xcite TDEM and LiDAR Survey – Beaver Brook Corridor Priority Target Survey Results The Company has received the final processed dataset from the Xcite helicopter-borne time-domain electromagnetic (TDEM) and LiDAR survey completed late in the 2025 field season over its Sentinel property in central Newfoundland. Interpretation has identified a large conductive trend extending along strike from the historic Beaver Brook Sb mine , which the Company considers a priority exploration target warranting systematic follow-up. Given the southwesterly plunge of the Beaver Brook ore shoot, the conductor is interpreted to lie along strike of, and possibly down-plunge from, the mineralized structural corridor.

Click Image To View Full Size Figure 3: Xcite TDEM survey result – priority conductive trend along strike of the Beaver Brook Sb mine Geological and Structural Context The Beaver Brook Sb mine is Canada's only historical primary antimony producer, reported in historical literature to have hosted a resource of 2.2 million tonnes grading 3.99% Sb at a 1.5% cut-off grade (Sandeman et al., 2018; Morrissy and House, 1998). The mine's East zone deposit consists of epithermal, fracture-controlled stibnite–quartz mineralization disposed along a ~065°-trending, steeply southeast-dipping fault system interpreted as a D1 thrust fault, with the ore shoot interpreted to plunge approximately 58–65° toward the southwest along this surface (Sandeman et al., 2018; Lake and Wilton, 2006). Critically, thick fluvioglacial overburden averaging 7.7 m (and ranging up to 29.2 m) has historically limited bedrock exposure across the property, and the East zone deposit itself was discovered through soil geochemistry over a geophysical anomaly rather than through outcrop (Sandeman et al., 2018) – a direct precedent for the Company's proposed approach.

Significance of the TDEM Conductor The Company interprets the large conductor identified in the Xcite dataset as being consistent with the along-strike projection of the structural corridor that hosts the Beaver Brook East zone deposit; given that the Beaver Brook ore shoot is interpreted to plunge approximately 58–65° toward the southwest (Sandeman et al., 2018), the conductor may also represent a down-plunge extension of that mineralized system. The corridor is marked by graphitic black shale horizons developed along thrust planes, locally associated with stibnite, pyrite and arsenopyrite (Sandeman et al., 2018). Both the graphitic horizons and any associated sulphide mineralization are capable of producing strong electromagnetic responses, and the Company's proposed soil geochemistry program is designed to discriminate between barren conductors and zones of coincident Au–Sb mineralization.

Notably, Sandeman et al. (2018) recommended detailed geophysical methods (including aeromagnetic surveys) combined with multi-element soil geochemistry to delineate further mineralization along this trend, and highlighted significant underexplored gold potential (e.g., a historical drill intercept of 7.01% Sb with 6.3 g/t Au over 5.05 m near the Central zone). Proposed Follow-Up Program To evaluate the conductor, the Company proposes to complete soil geochemistry lines across the conductive corridor, targeting a multi-element pathfinder suite (including Sb, As, Au, Pb, Zn, W, Mo, Hg, Bi, and Ag) to identify anomalies coincident with the geophysical response. Areas of coherent geophysical and geochemical response will be prioritized for follow-up prospecting/mapping, trenching, and potential drill targeting.

This proposed soil sampling program has been approved for a Junior Exploration Assistance (JEA) Grant from the Government of Newfoundland and Labrador, which would cover a portion of eligible incurred exploration expenditures.   Qualified Person   Max Kaczmer, P.Geo. (PEGNL License #12209), a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical content of this news release. Max Kaczmer is a geoscience consultant to the Company and is not independent of the Company within the meaning of NI 43-101, as he holds securities of the Company acquired through the Company's private placement. The historical results referenced from NFLD/2164 (Pickett, 1991), Lake and Wilton (2006), Sandeman et al. (2018), and Morrissy and House (1998), as well as the adjacent-property results from the True Grit gold showing (MODS occurrence 001M/13/Au 014; Cornerstone Capital Resources Inc. news release dated August 27, 2003), are drawn from publicly available government geological survey and assessment reports, the provincial MODS database, and a historical operator news release.

The Qualified Person has not completed sufficient work to independently verify this historical information, including historical resource estimates and drill or trench results from the Beaver Brook mine, the True Grit showing, and other adjacent or nearby properties, and it is not compliant with current NI 43-101 standards. The True Grit drill results are from an adjacent property and are not located on the Company's claims. This information is presented as relevant geological and exploration context and should not be relied upon as indicative of mineralization on the Company's properties.

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 Metals division, an Antimony-Gold Division as well as an investment in  MetalQuest Mining’s (TSXV:MQM | OTC:MQMIF)  high purity Lac Otelnuk Iron Project. The PGM 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 PGM-Cu-Ni Project in Alaska. Most recent PGM announcement:   https://newagemetals.com/new-age-metals-prepares-its-platinum-group-metals-division-to-launch/ . On January 21 st 2026, the Company recently expanded its Platinum Group Metals portfolio through the acquisition of the Northern Shield PGM Project in Ontario’s Ring of Fire region, strengthening its exposure to district-scale mafic–ultramafic systems prospective for nickel, copper, and platinum group elements.

On February 26, 2026, the Company also acquired the Platreef PGM and Escape East PGM Projects, both platinum group metals–nickel–copper (PGM–Ni–Cu) exploration properties located in northwestern Ontario within and nearby the prospective Lac des Iles Igneous Complex. The Complex hosts Canada’s only primary palladium-producing operation, owned and operated by Impala Canada Ltd., a wholly owned subsidiary of Impala Platinum Holdings Limited. New Age Metals’ Antimony–Gold division is located in Newfoundland and comprises a 20,950-hectare land package across 11 non-contiguous properties.

Six of these properties are situated in the St. Alban’s area, along Canstar’s Swanger and Little River mineralized trends. The remaining five properties are strategically positioned along the same regional geological trend as the past-producing Beaver Brook Antimony Mine and are also located near New Found Gold’s Queensway South Gold Project. Management completed two phases on the project to date.

The Phase 2 program successfully delineated multiple gold–antimony (Au–Sb) trends, and the Company is currently planning follow-up exploration while awaiting additional assay results. These results were u sed to guide exploration targeting and program planning for 2026. Most recent releases: https://newagemetals.com/axiom-exploration-group-initiates-xcite-helicopter-borne-tdem-survey- over-nams-sentinel-antimony-property-newfoundland-nam-monitors-fintech-solutions-to-enhance-market-transparency/ https://newagemetals.com/new-age-metals-samples-high-grade-antimony-gold-silver-and-lead-at-st-albans-newfoundland-and-starts-phase-2-exploration/ The Bonanza Ridge Gold and Critical Metals Project has been significantly expanded with the option agreements for the Lavender Lake and South Gibi Lake properties, adding a combined ~5,216 hectares (~12,889 acres) of prospective ground in the Kenora Gold District of northwestern Ontario.

These properties, located about 25 km southeast of Kenora, are strategically positioned along a favourable structural corridor adjacent to NAM’s flagship Bonanza Gold Property, and host known gold and copper occurrences with minimal modern exploration to date. The consolidated portfolio now comprises approximately 8,500 hectares of contiguous land within an emerging gold and critical metals jurisdiction, providing substantial opportunities for follow-up field work, structural modeling, target generation, and future drill campaigns. Recent announcement: https://newagemetals.com/new-age-metals-expands-bonanza-ridge-gold-andcritical-metals-project-strategic-acquisition-oflavender-lake-south-gibi-lake-properties/ .

The Company has established a field office in Kenora, Ontario to support exploration activities across Northwestern Ontario and Eastern Manitoba. The facility provides centralized logistical, technical, and administrative support (along with living facilities) for regional exploration programs and has improved field efficiency and project coordination. 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 where a previous option arrangement facilitated approximately ~11.5m in exploration and development expenditures.

See press release here . On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal. NAM currently owns approximately 14.39% of MetalQuest Mining (TSXV: MQM), which has ownership of the development-stage Lac Otelnuk Iron Project, located in the Labrador Trough, Quebec.

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

In the summer of 2025, MQM contracted AtkinsRealis, an international engineering company, to complete a GAP Analysis on the Lac Otelnuk Project. Management is currently working with Atkins Realis to complete a round of metallurgy after completing a successful project visit on June 6 2026. MetalQuest Mining Inc. (“MQM”) has expanded its presence in the Ontario Ring of Fire through the acquisition of both the ROF-1 Project and the recently announced Fishhook Polymetallic Project.

The Fishhook Project further strengthens MetalQuest’s regional footprint, targeting polymetallic mineralization prospective for base and critical metals. Management working with its technical team plans to complete a geophysical program before the end of September 2026 on the Fishhook project. Further announcements will be forthcoming.

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. Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities.

Any questions or comments can be directed to info@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Farid Mammadov at faridm@newagemetals.com or call 613 659 2773. Opt-in List 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.