(TheNewswire)
June 17th, 2024 – TheNewswire - Rockport, Ontario - New Age Metals Inc. (TSX.V: NAM); (OTCQB: NMTLF); (FSE: P7J.F) (“NAM” or the “Company”) in conjunction with University of Manitoba researchers are poised to unlock more sustainable ways to extract mineral resources, thanks to a $1.5 million dollar grant from Natural Sciences and Engineering Research Council (NSERC).
Critical metals, including lithium, nickel and platinum group elements (PGEs) and other strategically important minerals play a vital role in various high-tech industries, from renewable energy to electronics manufacturing and contribute to the provincial economy. However, their extraction and processing pose unique challenges, including environmental concerns and supply chain vulnerabilities.
UM researchers, Dr. Mostafa Fayek
and Dr. Alfredo Camacho, in collaboration with Lakehead University
researcher and NOHFC Industrial Research Chair in Mineral Exploration
Dr. Peter Hollings, and industry partners New Age Metals, and Grid
Metals Corp., will use the funding to address key issues related to
critical metals exploration and extraction. Through cutting-edge
research and collaboration industry and academic partners also want to
prioritize engaging Indigenous communities in innovative technologies
and sustainable practice research.
"Our research will promote and strengthen existing links with
international researchers, generating knowledge transfer to strengthen
Manitoba's position as a leader in critical metals research and
innovation," said Dr. Fayek, Distinguished Professor at the
University of Manitoba. “Indigenous peoples are underrepresented in
STEM fields in general, and our project seeks to remove barriers and
directly engage Indigenous peoples in exploration. This investment
underscores the importance of collaboration between academia,
industry, and Indigenous stakeholders to drive innovation and economic
growth."
The project will focus on several key objectives, including:
1. Advancing exploration techniques to identify new critical metals
deposits in Manitoba
2. Training the next generation of geologists in critical metals
research
3. Developing environmentally responsible exploration methods
4. Facilitating knowledge transfer and workforce development to
support the growth of Manitoba's Indigenous communities.
"By harnessing the collective expertise of academia, industry,
and government, we can address the complex challenges facing the
critical minerals industry and create sustainable solutions for the
future," said Harry Barr, Chairman & CEO at New Age Metals
For more information about the University of Manitoba's critical
metals research initiative, please visit emacmanitoba.com.
About the
University of Manitoba:
The University of Manitoba is
recognized as Western Canada's first university, with more than 29,000
students, 5,000 academic staff, 3,900 support staff and more than
188,000 alumni. It is part of the U15, ranking among Canada’s top
research-intensive universities and is Manitoba’s only
medical-doctoral post-secondary institution. The University provides
exceptional liberal arts, science and professional programs of study,
inspiring undergraduate and post-graduate students to positively
impact their communities as globally engaged citizens. UM campuses are
located on the original lands of Anishinaabeg, Ininiwak, Anisininewuk,
Dakota Oyate and Dene, and on the National Homeland of the Red River
Métis. We respect the Treaties that were made on these territories,
we acknowledge the harms and mistakes of the past, and we dedicate
ourselves to move forward in partnership with Indigenous communities
in a spirit of Reconciliation and collaboration. For more information,
please visit umanitoba.ca.
About
Lakehead University:
Lakehead University is a
fully comprehensive university with approximately 9,700 full-time
equivalent students and over 2,000 faculty and staff at two campuses
in Orillia and Thunder Bay. Lakehead has nine faculties, including
Business Administration, Education, Engineering, Graduate Studies,
Health & Behavioural Sciences, Law, Natural Resources Management,
Science & Environmental Studies, and Social Sciences &
Humanities. Lakehead University’s achievements have been recognized
nationally and internationally, including being ranked in the 2023
Times Higher Education World Universities Rankings and THE’s 2023
Impact Rankings (which assesses institutions against the United
Nations’ 17 Sustainable Development Goals). Visit lakeheadu.ca.
About Grid
Metals Corp.:
Grid Metals is focused on
both lithium and copper/nickel projects in the Bird River area,
approximately 150 km northeast of Winnipeg Manitoba. The Donner Lake
lithium project is a 75% owned property subject to a joint venture
agreement. Grid has a lease agreement on the True North mill where it
plans to process feed from Donner Lake. Grid also has an MOU with
Tantalum Mining Corporation of Canada Limited who operates the nearby
producing Tanco Mine. The Makwa Mayville copper/nickel project is a
resource-stage project that is undergoing exploration and development
work in the Bird River greenstone belt. For more information, please
visit gridmetalscorp.com.
New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration, and development of green metal projects in North America. The Company has two divisions: a Platinum Group Element division and a Lithium/Rare Element 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 and plans to complete a surface mapping and sampling program in 2023.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. Exploration for 2024 includes 12,500 meters of diamond drilling following up on the anomalous results from the geochemical samples collected during summer 2023 and geophysical/structural interpretation. The Company has a partnership with Mineral Resource Limited (MRL, ASX: MIN), a top global lithium producer to explore and develop the Company’s lithium project portfolio in Southern Manitoba. 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 newly acquired Northman and South Bay Lithium Projects in northern Manitoba, and its road-accessible Genesis PGE-Cu-Ni Project in Alaska.
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.
Agoracom released a corporate overview on the Company which can be accessed by clicking the following link.
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.
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