Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
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New Age Metals Launches Next Phase of PLATSOL(TM) Metallurgical Optimization Testwork at the River Valley Platinum Group Metals Project, Ontario

PGM & Critical Metals Portfolio Expansion

By The Northwire Desk — AI Analysis May 20, 2026 · 07:15 NAM · 0.31 New Age Metals Inc.
Executive Summary
  • New Age Metals Inc. (NAM) has initiated the second phase of PLATSOL™ metallurgical optimization testwork at its River Valley Platinum Group Metals Project in Ontario.
  • The program is conducted by SGS Canada Inc. and aims to optimize process conditions, produce flotation concentrates, and evaluate downstream PGM recovery.
  • This phase builds on previous proof-of-concept results which demonstrated high extraction rates (93% Pd, 88% Pt, 98% Au).
  • The testing program is expected to take approximately 6 months and includes evaluating batch pressure oxidation parameters, copper solvent extraction, and neutralization testing.
  • This announcement follows a $4 million financing round completed in late 2025 led by Eric Sprott, which was intended to fund exploration and development of projects including River Valley.
Material Impact
  • Expectation vs. Reality: The news is consistent with the company's stated strategy and previous financing use-of-proceeds announcements. It represents an expected operational milestone rather than a surprise discovery or major capital event.
  • Materiality: While positive for long-term project viability, it does not constitute "Material - Positive" in the immediate sense as it lacks new assay grades or financial terms that would drastically alter valuation overnight. It is a validation of execution on the flagship asset.
  • Progression: The company has moved from financing (Oct 2025) to land acquisition (Jan-April 2026) and now to metallurgical optimization (May 2026). This linear progression de-risks the project but does not accelerate timelines significantly beyond expectations.
  • Risk Mitigation: Successful completion of this phase is critical for River Valley's economic model, but failure would be a significant negative event. Current news confirms the path forward remains active.
NAM · Price
Company Overview
  • Company: New Age Metals Inc. (TSXV: NAM).
  • Strategy: Diversified critical and precious metals exploration portfolio focusing on high-grade PGM, gold, copper, nickel, lithium, and antimony projects across North America.
  • Flagship Project: River Valley Palladium Project (Ontario). A 100% owned property near Sudbury with a 2023 Preliminary Economic Assessment indicating a 6,850 tonne per day operation and average production of ~47,400 ounces of palladium per year.
  • Other Assets: Genesis Project (Alaska), Northern Shield (Ring of Fire), Bonanza Gold (Ontario), and Antimony-Gold properties in Newfoundland.
Read the original news release →

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