New Age Metals Raises $500,030 Flow-Through

New Age Metals Inc. (NAM) has closed a non-brokered private placement, raising gross proceeds of $500,030 CAD. The company issued 1,613,000 flow-through units priced at $0.31 per unit. Each unit consists of one flow-through common share and one-half of a non-transferable warrant. These warrants are exercisable at $0.40 per share until July 21, 2028.

Net proceeds from the transaction are designated for exploration and development activities in Newfoundland, Ontario, and Manitoba. A four-month plus-one-day hold period applies to the securities, expiring on November 22, 2026.

Accilent Capital Management Inc. received a commission for the transaction, which includes $25,001.50 in cash and 80,645 commission warrants exercisable at $0.40. The completion of the transaction remains subject to TSX Venture Exchange approval.

New Age Metals Inc. (NAM) has completed a $500,030 capital raise, a modest amount relative to its reported cash position of $2.83M as of Q1 2026. The transaction, executed at an issue price of $0.31, represents a slight premium to the recent trading range of $0.25–$0.27, indicating reasonable market acceptance and avoiding significant discount dilution. The financing follows a flow-through structure, providing tax incentives to Canadian investors, which is standard for junior explorers and helps attract capital without requiring brokered fees. This routine capital raise is consistent with the company's historical pattern of funding grassroots exploration across its diversified portfolio. The deal does not materially alter the balance sheet or operational runway, and no new strategic partnerships, major asset acquisitions, or breakthrough assay results are attached to this specific release, making it an incremental follow-up to prior exploration updates.

New Age Metals Inc. is a diversified critical metals and precious metals explorer with projects across Newfoundland, Ontario, Manitoba, and Alaska. Its flagship projects include the River Valley Palladium Project in Ontario, the Newfoundland Gold-Antimony portfolio comprising St. Alban's and Antimony Ridge, and the Genesis PGM-Cu-Ni project in Alaska.

The company has aggressively expanded its land package in 2025 and 2026, acquiring or optioning properties such as Double R Gold, Northern Shield, Platreef, and Bonanza Ridge, often through staking or low-cost option agreements. Management focuses on building a district-scale portfolio in mining-friendly jurisdictions, leveraging historical data and modern exploration techniques to identify drill-ready targets.