New Age Metals Receives TSX Venture Exchange Approval for Antimony Ridge Property Transaction

July 4, 2025 — NewsWall — New Age Metals Inc. has received TSX Venture Exchange approval for the Antimony Ridge Property transaction. The company has been granted the exclusive right to acquire 100% interest in certain claims located approximately 120 km south-southwest of Gander, Newfoundland and six km north of Milltown.

In connection with the closing of the Transaction, the Company is issuing 40,000 common shares, at a deemed price of $0.26 per share, and making a cash payment of $20,000 to the Optionor. Upon completion of the remaining payments, NAM shall be deemed to have acquired 100% undivided interest in the Antimony Ridge Property, subject to a 2% NSR royalty.

NAM’s properties in Newfoundland amount to approximately 19,800 hectares in 11 non-contiguous properties. Six of these properties are in the 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.

The Antimony Ridge Project lies in the Dunnage Tectonic Zone and is underlain by Ordovician schistose sedimentary rocks of the St. Joseph's Cove Formation with quartz veins, veinlets and stockworks. Three documented MODS mineral showings occur on the Property; 1) Antimony Ridge Showing; 2) Golden Grit Showing; and 3) Southeast Brook Silver Showing. Most of the work (trenching and sampling) has focused on the Golden Grit Showing. However, none of these 3 showings have ever been drilled. Furthermore, an Sb mineralized boulder trains has been outlined. Exploration planning is underway to locate the bedrock source.

NAM’s properties in Newfoundland amount to approximately 19,800 hectares in 11 non-contiguous properties. Six of these properties are in the 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.

Dr. William Stone, P.Geo. and a consultant to NAM, has reviewed and approved the scientific and technical disclosure in this press release.

Contact: Harry Barr at Hbarr@newagemetals.com or Farid Mammadov at faridm@newagemetals.com or call 613 659 2773.

Source: New Age Metals