Axiom Exploration Group Initiates Xcite(TM) Helicopter-Borne TDEM Survey Over NAM's Sentinel Antimony Property, Newfoundland, NAM Monitors Fintech Solutions to Enhance Market Transparency

The most recent news release from November 7, 2025, announces that Axiom Exploration Group has initiated a helicopter-borne Xcite™ Time Domain Electromagnetic (TDEM) survey and LiDAR survey over New Age Metals' (NAM) Sentinel Antimony Property in Newfoundland. This is described as the first modern electromagnetic survey conducted over the property, aimed at identifying conductive trends that could represent mineralized structures, similar to the nearby Beaver Brook Mine. The data from this high-resolution survey is expected to help the technical team define high-priority drill targets. The release also briefly mentions NAM monitors Fintech Solutions to Enhance Market Transparency, which is a generic statement and not directly related to company operations or valuation.

This news is a routine positive development. It represents a planned and logical step in the exploration progression of NAM's Newfoundland Antimony-Gold division. Following previous announcements of property staking (February-March 2025), completion of Phase 1 field reconnaissance with high-grade grab samples (July-August 2025), and approval for Junior Exploration Assistance (JEA) rebate, the initiation of this airborne geophysical survey is part of the previously outlined Phase 2 exploration program.

The survey is critical for identifying potential drill targets at the Sentinel Antimony Property, which is strategically located along the same geological trend as the past-producing Beaver Brook antimony mine. While it is an important technical step for advancing the project, it does not constitute a discovery, resource update, or significant financing event. It is a precursor to potential drilling. Therefore, its immediate impact on the stock price is likely to be limited to reinforcing confidence in the ongoing exploration work rather than triggering a major re-rating. It is in line with expectations for a junior exploration company actively developing its projects.

New Age Metals Inc. (NAM) is a Canadian mineral exploration and development company focused on a diversified portfolio of critical metals projects across several divisions: Platinum Group Metals (PGM), Lithium/Rare Elements, Gold-Antimony, and a strategic investment in high-purity iron ore.

Flagship Project: The River Valley Palladium Project in Ontario, Canada, is considered NAM's flagship asset. It is a 100%-owned, multi-million-ounce, district-scale project located 100 km east of Sudbury. A 2023 Preliminary Economic Assessment (PEA) outlined a smaller, higher-grade operation with lower CAPEX and expanded underground mining compared to a 2019 PEA. The project had been inactive since 2024 due to declining palladium prices but is being planned for relaunch in 2025 due to a resurgence in PGM prices (Palladium up ~65% YTD, Platinum up ~70% YTD as of Oct 23, 2025). Measured & Indicated Resources stand at 2.3 Moz Pd+Pt+Au, with an Inferred Resource of 1.6 Moz Pd+Pt+Au.

Other Key Projects/Divisions: - Genesis PGM-Cu-Ni Project (Alaska, USA): 100% owned, road-accessible exploration project with known mineralization covering 9 km. Summer 2025 exploration program completed, with assay results pending. NAM is actively seeking an option/joint venture partner. - Bonanza Gold Project (Ontario, Canada): Recently optioned (October 2025) gold exploration project in the Kenora Gold District. Consists of 114 mining claims and 1 patented claim (2,191 hectares) with multiple high-grade surface occurrences (up to 127 g/t Au grab samples). Management is developing 2025-2026 exploration plans. - Newfoundland Gold-Antimony Division (Newfoundland, Canada): This division comprises multiple properties (over 19,800 hectares) staked in early 2025, targeting gold and antimony mineralization along trends near the past-producing Beaver Brook antimony mine and New Found Gold's Queensway South gold project. Phase 1 field reconnaissance has been completed with high-grade grab samples (up to 15.2% Sb, 1.52 g/t Au, 131 g/t Ag, 29.3% Pb). The current news (Nov 7, 2025) pertains to the initiation of a Phase 2 airborne geophysical survey over the Sentinel property within this division. - Lithium/Rare Element Division (Winnipeg River Pegmatite Field, Manitoba): NAM holds a large mineral claim package for hard-rock lithium and rare elements, with a farm-in/joint venture agreement with Mineral Resources Ltd. (MinRes), one of the world's largest lithium producers. Current activities are limited to a minimum budget due to lithium pricing and forest fire dangers, but research grants (NSERC, Mitacs) are supporting ongoing studies. - Investment in MetalQuest Mining Inc. (MQM): NAM holds approximately 12.79% (19.05% partially diluted) in MQM, which is developing the Lac Otelnuk Iron Ore Project in Quebec, identified as a critical metal. A gap analysis on its 2015 feasibility study is underway by AtkinsRealis.