New Age Metals Expands Northern Shield PGM-CU-NI And Critical Minerals Project To 32,000 Hectares In Ontario's Ring Of Fire

The most recent news release (February 12, 2026) announces a significant expansion of the Northern Shield PGM-Cu-Ni project in Ontario's Ring of Fire. The company has acquired an additional southern extension via staking, bringing the total land package to approximately 32,000 hectares (79,074 acres). This follows a string of rapid-fire acquisitions in early 2026, including the Platreef PGM Project (February 11) and the initial Northern Shield staking (January 21). Management attributes this aggressive expansion to provincial progress on the Ring of Fire supply road and transmission lines, positioning the company as a major claim holder in a region moving toward development. The properties are 100% owned with no underlying option payments or earn-in obligations.

• Land Consolidation: The expansion is a material increase in project footprint (+60% for Northern Shield in three weeks), but as the land was acquired via staking, it does not represent an immediate discovery or cash outflow beyond staking fees.
• Strategic Positioning: The "Project Generator" model is being executed at high speed. By securing land without royalties or earn-in debt, NAM is building a portfolio to option out to majors.
• Infrastructure Synergy: The focus on the Ring of Fire is high-risk/high-reward. While the Ontario government is pushing for a supply road, the region has been "tomorrow's district" for over a decade.
• Contextual Momentum: This news follows the successful $4 million financing led by Eric Sprott in late 2025. The company is transitioning from a "survival mode" (marked by the August 2024 share rollback) to an "aggressive acquisition mode."

New Age Metals is a "Project Generator" focused on PGM, Lithium, and Gold-Antimony. - Flagship Project: River Valley Palladium Project (Sudbury, Ontario). It is one of North America's largest undeveloped primary PGM projects with a multi-million-ounce resource. A 2023 PEA outlined a smaller, higher-grade underground/open-pit operation. - Lithium Division: Multiple properties in the Winnipeg River Pegmatite Field (Manitoba), under a JV with Mineral Resources Ltd (MinRes), a top-five global lithium producer. - Newfoundland Gold-Antimony: A newer division focused on high-grade antimony (up to 15.2% Sb) and gold, capitalizing on China's export restrictions on antimony.