(TheNewswire)
November 18, 2020 - TheNewswire - Rockport, Canada - New Age Metals Inc.(NAM) (TSXV:NAM ) ; ( OTC:NMTLF ) ; ( FSE:P7J) ("NAM" or the "Company") is pleased to announce that it hasretained the services of Renmark Financial CommunicationsInc . ("Renmark") to provide investor relations services tothe Company.
Harry Barr, Chairman & CEO stated, "We arepleased to announce that we have selected Renmark to reinforce NAM 's profile in thefinancial community and enhance the visibility of our projectportfolio. We chose Renmark because its standards and methodologiesfit best with the message we wish to communicate to the investingpublic."
In consideration of the services to be provided, the Company hasagreed to pay Renmark a monthly retainer of up to $8,000 commencingDecember 1, 2020 for a six-month period, after which the arrangementcan be cancelled by either the Company or Renmark on one month'snotice. Renmark does not have any interest, directlyor indirectly, in New Age Metals or its securities, or any right orintent to acquire such an interest.
About Renmark:
Renmark represents a wide range of companies on boththe U.S. and Canadian exchanges. In business for 21 years, theircombined team experience is well over 100 years. Renmark continues toprovide their clients with a complete communications strategy andpowerful investor relations programs which ensures the best resultsare obtained as efficiently and cost effectively as ispossible.
New Age Metals is a junior mineral exploration anddevelopment company focused on the discovery, exploration anddevelopment of green metal projects in North America. The Company has two divisions; a Platinum Group Metalsdivision and a Lithium/Rare Element division. The PGM divisionincludes the 100% owned, multi-million-ounce, district scale RiverValley Project, one of North America's largest undeveloped PlatinumGroup Metals Projects, situated 100 km from Sudbury, Ontario. TheCompany has recently completed a Preliminary Economic Assessment (PEA)on the project and is working towards Prefeasibility. In Alaska theCompany owns 100% of the Genesis PGM-Cu-Ni Project in Alaska. TheLithium division is the largest mineral claim holder in the WinnipegRiver Pegmatite Field, where the Company is exploring for hard rocklithium and various rare elements such as tantalum and rubidium. Ourphilosophy is to be a project generator with the objective ofoptioning our projects with major and junior mining companies throughto production. The Company isactively seeking an option/ joint venture partner for itsroad-accessible Genesis PGM-Cu-Ni project in Alaska and for ourLithium division in Manitoba.
About the River ValleyPalladium Project
The details of the updated Mineral Resource Estimate(MRE) and PEA were announced in the press release dated August 9, 2019and are described on NAM's website. The pitconstrained Updated Mineral Resource Estimate formed the basis of thePEA . At a cut-off grade of 0.35 g/t PdEq, theUpdated Mineral Resource Estimate contains 2.867 Moz PdEq in theMeasured plus Indicated classifications and 1.059 Moz PdEq in theInferred classification. The PEA is apreliminary report, but it demonstrates that there are potentiallypositive economics for a large-scale mining open pit operation, with14 years of Palladium production. Refer to theNAM website (www.newagemetals.com) for details.
If you have not done so already, we encourage you tosign 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
Renmark Financial CommunicationsInc.
Steve Hosein: shosein@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Cautionary Note Regarding Forward Looking Statements:This release contains forward-looking statements that involve risksand uncertainties. These statements may differ materially from actualfuture events or results and are based on current expectations orbeliefs. For this purpose, statements of historical fact may bedeemed to be forward-looking statements. In addition, forward-lookingstatements 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 bytheir nature involve risks and uncertainties, and actual results maydiffer materially depending on a variety of important factors,including, among others, the Company's ability and continuation ofefforts to timely and completely make available adequate currentpublic information, additional or different regulatory and legalrequirements and restrictions that may be imposed, and other factorsas may be discussed in the documents filed by the Company on SEDAR(www.sedar.com), including the most recent reports that identifyimportant risk factors that could cause actual results to differ fromthose contained in the forward-looking statements. The Company doesnot undertake any obligation to review or confirm analysts'expectations or estimates or to release publicly any revisions to anyforward-looking statements to reflect events or circumstances afterthe date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forw ard-looking statements.
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