(TheNewswire)
22 nd November 2023 - TheNewswire - Rockport, Ontario - New AgeMetals Inc. (TSXV:NAM ) ; ( OTC:NMTLF ) ; ( FSE:P7J.F) (“NAM” or “Company”) is pleased to announce its ESG/Sustainability Report for theyear 2022-2023. The scope of this project encompasses both NAM’s Manitoba Lithium Project and River Valley PGMProject.
Chairman and CEO Harry Barr commented; “On behalf of the management and directors, I am pleased toupdate you on the key milestones completed to date in 2023 and thegoals and objectives for New Age Metals (NAM) for the balance of theyear. From NAM’s inception to this date, our primary focus beforedelving into any project has been to identify all key stakeholders,especially ones involved with the environmental and social prospectsin the regions that our projects are located in. To this effect, wehave not only spent a substantial amount in that direction but haveand are directly engaged with the First Nations, custodians, andcommunities around all our properties. Our team at NAM have a firmbelief that where the success of a project is deduced from itsfinancial statements and economic prospects, the sustainability ofthat success lies solely in strong consideration of environmental,social, and governance (ESG) metrics of that said project, whichfurther gives us the motivation, encouragement, and the “SocialLicense to Operate. The Company aims to ensurethat we are actively communicating with investors and otherstakeholders to the best of our abilities, and we want you to knowthat we are available to answer any questions or concerns.”
NAM’s ESG/Sustainability Report is now availableunder the ESG tab on our corporate website: https://newagemetals.com/esg-and-sustainability/ .
Highlights :
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The report is based on frameworksoutlined by both TCFD (Taskforce for Climate-related FinancialDisclosures) and SASB (Sustainability Accounting Standards Board).This was done to make sure that the report aligns with important andindustry-wide prevalent institutions’ layout.
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NAM’s Manitoba Lithium Project had169.513 tonnes and River Valley PGM Project had 0 tonnes of CO2emissions, for a total of 169.513 tonnes.
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NAM’s Manitoba Lithium Project used661,375 gallons and River Valley PGM Project used 0 gallons of freshwater, all of which was sourced from nearby sources.
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Community relations aspect of thereport further highlights the existing and growing relationship withTemagami, Nipissing, and Sagkeeng First Nations, including the MoUs,archaeological, land use, and other surveys.
NAM knows well the importance of these ESG reports andthe visibility, transparency, and affirmation they provide toenvironmental, social, and governance issues arising from itsoperations, which is imperative across the industry. Following thisinaugural report, NAM will include disbursement of such reports as anannual target and will make sure to involve all stakeholders andcommunities within them.
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 Element divisionand a Lithium/Rare Element division.
The PGE Division includes the 100% owned,multi-million-ounce, district-scale River Valley Project, one of NorthAmerica’s largest undeveloped Platinum Group Element Projects,situated 100 km by road east of Sudbury, Ontario. In addition to RiverValley, NAM owns 100% of the Genesis PGE-Cu-Ni Project in Alaska andplans to complete a surface mapping and sampling program in2023.
The Company’s Lithium Division is one of the largestmineral claim holders in the Winnipeg River Pegmatite Field, where theCompany is exploring for hard rock lithium and various rare elementssuch as tantalum, rubidium, and caesium. Further exploration plans for2023 include continued mapping/sampling field programs following up onthe anomalous results from the soil and rock samples collectedpreviously during summer 2023. In the Winter months, the Company plansto drill up to 15,000m on several of the Company’s projects. TheCompany has a partnership with Mineral Resource Limited (MinRes, ASX:MIN), a top global lithium producer to explore and develop theCompany’s lithium project portfolio in Southern Manitoba. The2023/24 budget is $7 million and is fully funded by MinRes. TheCompany received an additional $300,000 grant from Manitoba MineralDevelopment Fund (MMDF) that is also being expended on joint venturedSouthern Manitoba properties.
In Northern Manitoba, the Company recently signed anoption/joint venture binding term sheet with Native Mineral Resourcesto develop the McLaughlin Lake Lithium Project. Our philosophy is to be a project generatorwith the objective of optioning our projects with major and juniormining companies through to production.
The Company is actively seeking an option/joint venturepartner for our newly acquired Northman and South Bay Lithium Projectsin northern Manitoba, and its road-accessible Genesis PGE-Cu-NiProject in Alaska.
Investors are invited to visit the New Age Metalswebsite at www.newagemetals.com where they can review the company andits corporate activities. Any questions or comments can be directed toinfo@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Faraz Rasheedat Frasheed@newagemetals.com or call 613 659 2773.
If you have not done so already, we encourage you tosign up on our website ( www.newagemetals.com ) toreceive our updated news.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of thisrelease. Cautionary Note Regarding Forward Looking Statements: Thisrelease contains forward-looking statements that involve risks anduncertainties. 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 be deemedto 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 similarexpressions. These statements by their nature involve risks anduncertainties, and actual results may differ materially depending on avariety of important factors, including, among others, the Company’sability and continuation of efforts to timely and completely makeavailable adequate current public information, additional or differentregulatory and legal requirements and restrictions that may beimposed, and other factors as may be discussed in the documents filedby the Company on SEDAR (www.sedar.com), including the most recentreports that identify important risk factors that could cause actualresults to differ from those contained in the forward-lookingstatements. The Company does not undertake any obligation to review orconfirm analysts’ expectations or estimates or to release publiclyany revisions to any forward-looking statements to reflect events orcircumstances after the date hereof or to reflect the occurrence ofunanticipated events. Investors should not place undue reliance onforward-looking statements.
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