(TheNewswire)
October 24, 2022 – TheNewswire- New Age Metals Inc. (TSXV:NAM ) ; ( OTC:NMTLF ) ; ( FSE:P7J.F)(“NAM” or “Company”) is pleased to announce its firstESG/Sustainability Report for the year 2021-2022. The scope of thisproject encompasses both NAM’s Manitoba Lithium Project and RiverValley PGM Project.
Mr. Harry Barr, CEO and Chairman of NAM,commented:
“On behalf of the management anddirectors, I am pleased to update you on the key milestones completedto date in 2022 and the goals and objectives for New Age Metals (NAM)for the balance of the year.
From NAM’s inception to this date,our primary focus before delving into any project has been to identifyall key stakeholders, especially ones involved with the environmentaland social prospects in the regions that our projects are located in.To this effect, we have not only spent a substantial amount in thatdirection but have and are directly engaged with the First Nations,custodians, and communities around all our properties. Our team at NAMhave a firm belief that where the success of a project is deduced fromits financial 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 ensure that weare actively communicating with investors and other stakeholders tothe best of our abilities, and we want you to know that we areavailable 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/ .
Following are some summarized points:
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The report is based on frameworks outlined by both TCFD(Taskforce for Climate-related Financial Disclosures) and SASB(Sustainability Accounting Standards Board). This was done to makesure that the report aligns with important and industry-wide prevalentinstitutions’ layout.
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NAM’s Manitoba Lithium Project had 33.552 tonnes andRiver Valley PGM Project had 805.512 tonnes of CO 2 emissions, for a total of 839.064 tonnes.
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NAM’s Manitoba Lithium Project used 15,000 gallonsand River Valley PGM Project used 720,357 gallons of fresh water, allof which was sourced from nearby sources.
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Since both the projects are in early exploration stage,there were no emissions (besides C O2 ) to report, as well as no waste and hazardous materials suchas tailings.
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Community relations aspect of the report furtherhighlights the existing and growing relationship with Temagami,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.
About NAM:
New Age Metals Inc. is a well financed mineralexploration 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 Metals division and aLithium/Rare Element division. The Company is developing its 100%owned flagship multi-million-ounce River Valley (RV) Palladium Projectnear Sudbury, ON, one of the largest undeveloped primary palladiumprojects in North America. NAM operates primarily out of its fieldoffice located at 59 Burtch’s Lane, Rockport, Ontario. The currentmarket capital of NAM is C$14.44 million (as of 12 th October 2022). https://newagemetals.com/
Forward Looking Statements
Certain information included in this discussion mayconstitute forward-looking statements. Forward-looking statements arebased on current expectations and entail various risks anduncertainties. These risks and uncertainties could cause orcontribute to actual results that are materially different than thoseexpressed or implied. The Company disclaims any obligation orintention to update or revise any forward-looking statement, whetherbecause of new information, future events, or otherwise.
Investors are invited to visit theNew Age Metals website at www.newagemetals.com where they can reviewthe company and its corporate activities. Any questions or commentscan 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.
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
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 fromactual future events or results and are based on current expectationsor beliefs. For this purpose, statements of historical fact may bedeemed to be forward-looking statements. In addition,forward-looking statements include statements in which the Companyuses 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 reviewor confirm analysts’ expectations or estimates or to releasepublicly any revisions to any forward-looking statements to reflectevents or circumstances after the date hereof or to reflect theoccurrence of unanticipated events. Investors should not place unduereliance on forward-looking statements.
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