New Age Metals Announces Issuance Of Shares For Services

New Age Metals Inc. (NAM) has issued 21,154 common shares to an arms-length service provider as compensation for strategic planning services rendered through June 30, 2026. The issuance was valued at $5,500, with a deemed price of $0.26 per share, pursuant to a previously announced agreement dated April 24, 2026.
The transaction is not a related party transaction, does not create a new control person, and the shares are subject to a statutory hold period. Specifically, the shares are subject to a four-month plus one-day hold period in accordance with TSX Venture Exchange policies. The issuance was made in accordance with section 6.2(m)(i) of TSX Venture Exchange Policy 4.4.
Regarding the transaction, the company stated: "The issuance of the Shares does not constitute a related party transaction or result in the creation of a new control person or insider of the Company."
The Company will issue a subsequent news release disclosing the number of common shares to be issued in exchange for services rendered upon the next issuance.