New Age Metals

What New Age Metals does

New Age Metals Inc. is a Canadian junior mineral exploration and development company founded in 1999 and listed on the TSX Venture Exchange (TSXV: NAM), OTCQB (NMTLF), and Frankfurt (P7J). It operates a project-generator business model across four critical-metal divisions: a PGM Division anchored by the 100%-owned River Valley Palladium Project in Ontario (2.9 Moz PdEq M&I + 1.1 Moz PdEq inferred, supported by a 2023 PEA), a Lithium/Rare Metals Division in Manitoba's Winnipeg River Pegmatite Field (~11,000 acres around the historic Tanco Mine), a Gold-Antimony Division in Newfoundland (~20,950 hectares across 11 properties), and a Ring of Fire Division in Northern Ontario (~32,000 hectares via the Northern Shield, Platreef, and Escape East projects). The company employs 1–10 staff and uses conventional exploration techniques including diamond drilling, induced-polarization geophysics, geological mapping, and geochemistry.

The company is pre-revenue and does not produce or sell minerals. Instead, it monetizes assets by optioning or joint-venturing them to major and junior mining partners (e.g., the prior Farm-in/JV with Mineral Resources Ltd on its lithium portfolio, which concluded leaving NAM with 100% ownership subject to a 2% royalty) and by pursuing strategic equity stakes in adjacent explorers (notably MetalQuest Mining). Capital to fund exploration comes from equity financings (most recently a CAD $4.0M raise in January 2026), research grants (CAD $1.5M NSERC Alliance grant in April 2024), and partnership-funded minimum work programs. End-customers in the value chain are automotive OEMs and EV battery manufacturers that ultimately consume PGMs and lithium, but NAM's direct counterparties are mining-company partners and equity capital markets participants.

Name

New Age Metals

Legal name

New Age Metals Inc.

Website

https://newagemetals.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

New Age Metals is a Canadian junior mineral explorer and project generator (TSXV: NAM) advancing district-scale PGM, lithium, gold, and critical-metals projects across Ontario, Manitoba, Newfoundland, and Alaska for option or joint-venture with major mining partners.

Ownership category

akta.pro rank

Product category

Mineral Exploration and Development

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Platinum group metals
• Lithium exploration
• Critical minerals exploration
• Palladium mining
• Mineral exploration services

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Exploration Project Monetization: The Company operates as a project generator, seeking to option or joint venture its exploration projects with major and junior mining companies. NAM aims to advance projects through partnerships to production, generating value through strategic transactions rather than direct mining operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

New Age Metals is a project-generator junior mineral exploration and development company that acquires, explores, and advances district-scale critical and precious metal projects across Canada and Alaska. The company builds a portfolio of PGM, lithium, gold, antimony, copper, and nickel assets and monetizes them by optioning or joint venturing with major and junior mining partners.

Product overview

New Age Metals Inc. is a Canadian mineral exploration and development company offering a diversified portfolio of green metal projects through four strategic divisions: PGM Division, Lithium/Rare Metals Division, Gold-Antimony Division, and Ontario Ring of Fire Division. The company's flagship product is the 100%-owned River Valley Palladium Project, one of North America's largest undeveloped primary platinum group metals projects. The PGM Division includes the River Valley Project, Genesis PGM-Cu-Ni Project in Alaska, Northern Shield Project, Platreef PGM Project, and Escape East Project. The Lithium Division holds one of the largest land positions in the Winnipeg River Pegmatite Field with seven lithium-cesium-tantalum projects around the historic Tanco Mine. The Gold-Antimony Division encompasses ~20,950 hectares across 11 properties in Newfoundland, while the Ring of Fire Division focuses on critical minerals in northern Ontario.

Differentiator

Problem solved

Functional benefit

Products and services

• River Valley Palladium Project Flagship 100%-owned advanced PEA-stage platinum group metals project located approximately 100 km east of Sudbury, Ontario. One of North America's largest undeveloped primary palladium deposits with a 2.9 Moz PdEq measured+indicated and 1.1 Moz PdEq inferred resource, additional platinum, gold, copper, and nickel potential. Supported by a 2023 Preliminary Economic Assessment.
• Genesis PGM-Cu-Ni Project Road-accessible platinum group metals-copper-nickel project in Alaska, 3 km from a highway and electric transmission line. Known PGM mineralization covers 9 km. The company is actively seeking an option/joint venture partner to advance the project.
• Manitoba Lithium-Cesium-Tantalum Division One of the largest land positions in the Winnipeg River Pegmatite Field, located around the historic Tanco Mine area in Manitoba. Portfolio includes seven pegmatite-hosted lithium projects (three drill-ready), exploring hard rock lithium and rare elements including tantalum, rubidium, and cesium. Following conclusion of the prior agreement with Mineral Resources Limited, NAM regained full ownership subject to a 2% revenue royalty.
• Northern Shield PGM-Cu-Ni Project
• Gold-Antimony Division
• Bonanza Ridge Gold and Critical Metals Project
• Platreef PGM Project
• Escape East Project
• Double R Gold Project

Quantifiable outcome

• 2.9Moz PdEq measured and indicated resource plus 1.1Moz PdEq inferred resource at River Valley
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Liberate MineralsminorStrategic or Co-development Partner · 3 June 2026New Age Metals entered into a Memorandum of Understanding with Liberate Minerals to evaluate critical minerals processing opportunities.
• Mineral Resources Ltd.coreStrategic or Co-development Partner · 1 April 2025NAM is developing its lithium division in conjunction with its Farm-in/Joint Venture agreement with Mineral Resources Ltd. (MinRes), one of the world's largest lithium producers. A minimum budget to maintain the Projects has been approved for May 2025 to April 2026. Management is working on providing Mineral Resources a go-forward exploration program for spring, summer, and fall 2026.
• University of ManitobaminorStrategic or Co-development Partner$1.5M NSERC Alliance grant awarded to collaboration led by University of Manitoba (Drs. Fayek and Camacho) with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals. Research focused on advancing Canada's critical metals sector, targeting NAM's Bird River lithium properties.
• University of Manitoba / University of New Brunswick / University of British ColumbiaminorStrategic or Co-development PartnerNAM is supporting a successful $180K Mitacs research grant through its $90K contribution. Academic partnership focused on understanding the origin and controls of lithium pegmatite mineralization in the Cat Lake-Winnipeg River field. MSc and post-doctoral research programs have been completed.
• Sagkeeng First NationminorStrategic or Co-development PartnerNAM has a positive working relationship with local First Nations and exploration agreement in place with the Sagkeeng First Nation since 2018 for its Manitoba lithium projects.

Scale indicators6 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Clean Air Metals Inc. Canadian junior PGM-copper-nickel developer with the Thunder Bay North Project in Northwestern Ontario. NAM's Escape East Project (4,000 ha) is strategically adjacent to Clean Air Metals' deposits, making it the most direct geological neighbor.
• Canada Nickel Company Inc. Canadian critical minerals developer advancing nickel-cobalt-PGM projects in Ontario, including near the Ring of Fire region. Comparable as a Canadian junior developer targeting the same critical-minerals demand drivers (EV/battery supply chain) and overlapping infrastructure corridors.
• Generation Mining Limited: Canadian PGM-copper developer advancing the Marathon Project in Northwestern Ontario. Compares directly as a Canadian PEA-to-PFS-stage primary palladium developer with copper by-products, similar scale and end-market exposure to NAM.
• Grid Metals Corp. Canadian critical minerals explorer focused on nickel-copper-PGM and lithium in Manitoba and Ontario, including the Bird River area adjacent to NAM's lithium division. Comparable as a project generator in the same Bird River / Winnipeg River Pegmatite Field region and an NSERC Alliance co-partner.
• Palladium One Mining Inc. Canadian junior focused on palladium-copper-nickel-platinum exploration in Ontario and Finland. Closely comparable as a PGM-dominant North American explorer at a similar development stage and scale to NAM's portfolio.

Broad incumbents

• Sibanye-Stillwater Ltd. Global major PGM producer with primary palladium output from South Africa and the Stillwater Mine in Montana. Comparable as a large-scale primary PGM producer and a natural strategic acquirer/partner for NAM-class advanced PGM assets in stable jurisdictions.
• Impala Platinum Holdings Limited: One of the world's largest primary platinum group metals producers, with operations concentrated in South Africa and Zimbabwe. Comparable as a major PGM producer and potential strategic acquirer of advanced PGM development assets like NAM's River Valley.

Others

• Mineral Resources Limited: Major Australian lithium and iron ore producer and NAM's active Farm-in/JV partner on the Manitoba lithium division. Included as a strategic ecosystem partner rather than a direct competitor—comparable for the lithium demand backdrop and as a benchmark for partner-style economics in hard-rock lithium.

Emerging players

• Lithium Americas Corp. Lithium developer with North American hard-rock and lithium-brine assets advancing toward production. Comparable as a North American lithium exposure peer tied to EV/battery demand, though at a far larger scale and more advanced development stage than NAM's lithium division.
• Frontier Lithium Inc. Canadian junior lithium developer with hard-rock spodumene assets in northwestern Ontario (Pakeagama). Comparable as a Canadian critical-minerals lithium peer operating in similar Ontario infrastructure corridors, though at a more advanced single-asset stage than NAM's diversified portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/newagemetals?lang=en
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• Facebookfacebook.com/NewAgeMetals
• LinkedInlinkedin.com/company/new-age-metals
• Instagraminstagram.com/newagemetals

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Age Metals