New Age Metals raises $500,030 flow-through financing

       Vancouver, BC – July 21, 2026 – TheNewswire - New Age Metals Inc. ( TSXV: NAM) ( OTCQB: NMTLF) (FSE: P7J) (" NAM " or the " Company "), is pleased to announce that it has arranged and closed a non-brokered private placement financing offering of 1,613,000 flow-through units (“FT Units”) at a price of $0.31 per FT Unit for gross proceeds of $500,030 (the “Financing”).   Each FT Unit consists of one common share of the Company that will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (“FT Common Share”) and one-half of one non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant shall entitle the holder thereof to purchase one common share at an exercise price equal to $0.40 until July 21, 2028.   The Company has agreed to pay a commission to Accilent Capital Management Inc. in the amount of $25,001.50 in cash and 80,645 non-transferable commission warrants in connection with the Financing. Each commission warrant shall entitle the holder thereof to purchase one common share at an exercise price equal to $0.40 until July 21, 2028.

The commission is subject to TSX Venture Exchange approval.   The proceeds of the FT Units will be used for exploration and development on the Company’s projects located in Newfoundland, Ontario and Manitoba. Completion of the Financing and any Commission payable are subject to all necessary regulatory approvals.   All securities to be issued in connection with the Financing will be subject to a hold period of four months plus one day from the date of issuance expiring November 22, 2026.   This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall ‎there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale ‎would be unlawful including any of the securities in the United States of America. The securities ‎have not been and will not be registered under the United States Securities Act of 1933, as ‎amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the ‎United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under ‎the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an ‎exemption from such registration requirements is available.‎   About NAM   New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration, and development of critical 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 has the Alaskan Genesis PGM-Cu-Ni Project, PGM Projects in the Ring of Fire and the Thunder Bay Platreef PGM Project. Most recent PGM announcement:   https://newagemetals.com/new-age-metals-launches-next-phase-of-platsol-metallurgical-optimization-testwork-at-the-river-valley-platinum-group-metals-project-ontario/ .   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.