New Age Metals Signs Amending Memorandum of Understanding with Nipissing First Nation at the River Valley Palladium Project near Sudbury, Ontario
(TheNewswire)
July 28, 2026 – TheNewswire - Rockport, Ontario, Canada – New Age Metals Inc. (‘NAM’) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) New Age Metals is pleased to announce that it has signed an Amending Exploration Memorandum of Understanding dated July 21, 2026 (the “Amended MOU”) with Nipissing First Nation (“NFN”) to continue to promote a mutually respectful relationship with First Nations concerning NAM’s exploration programs on its mining leases and claims within the River Valley Project (the “Project”). NFN holds inherent Aboriginal rights and treaty rights to and over certain territory within the Company’s Project and NFN exercises those rights and asserts certain rights and claims in respect of surface and subsurface rights.
The objective of the Amended MOU is to continue to promote a cooperative and mutually respectful relationship concerning NAM’s exploration and development programs on its flagship River Valley Palladium Project.
The Amended MOU is supported by the NFN community.
The River Valley Palladium Project is a multi-million-ounce Pre-Feasibility stage asset located 100-road-KMs from Sudbury, Ontario.
Harry Barr, Chairman & CEO stated, “New Age Metals is very pleased to sign this Amending Memorandum of Understanding and to be an active Participant with Nipissing First Nation. New Age Metals acknowledges that the River Valley Project is subject to Aboriginal traditional and treaty rights which are protected under Section 35 of the Constitution Act, Canada
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. By signing the Amended MOU, there is a structured method to work constructively with the Nipissing First Nation in regards to the exploration and development of any of the Company’s claims that are located on NFN traditional territories.
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The Company's exploration activities are located on lands which NFN assert are part of their traditional territory and in which NFN assert their members hold and exercise Aboriginal and/or Treaty rights. The MOU establishes a foundation for collaborative and respectful communications between the Parties to facilitate New Age Metals' consultation with NFN to ensure that any exploration activities, including the initial work within the NFN traditional territory, continue to be conducted for the mutual benefit of NFN and NAM, while recognizing the importance of the environment and NFN traditional territory and the associated Aboriginal and treaty rights of NFN and its members.
Share Purchase Warrants
Under the terms of the Amended MOU, the Company has agreed to issue an aggregate 500,000 non-transferable share purchase warrants (the “Warrants”) which will entitle the holder to purchase 500,000 common shares of the Company at an exercise price of $0.60 for a period of five (5) years from the date of issuance. The Warrants are subject to vesting terms over a two (2) year period. The Amended MOU and the issuance of the Warrants remain subject to TSX Venture Exchange approval.
Any securities issued will be subject to a hold period of four months plus one day in accordance with regulatory requirements.
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.
On January 21st 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.
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 inKenora, 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 hasimproved 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 iscurrently working with AtkinsRealis 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, Harry Barr at hbarr@newagemetals.com or call 613 659 2773.
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On behalf of the Board of Directors
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.sedarplus.ca), 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.
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