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  • January 22, 2026
  • Industry News
New Age Metals: Acquisition Of The Northern Shield Platinum Group Metals-Copper-Nickel Critical Minerals Project In The Ring Of Fire, Northern Ontario

January 21, 2026 – TheNewswire – Rockport, Ontario–New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce that it has acquired via staking the Northern Shield Property within the Ring of Fire, a new platinum group metals (PGM)–copper (Cu)–nickel (Ni) exploration property that adds a significant new project to the Company’s PGM Critical Metals Division, located within the Fishtrap Lake Intrusive Complex in Northern Ontario, Canada. This acquisition represents a first step in NAM’s expanding Ring of Fire strategy.

Harry Barr, Chairman and CEO, commented: “As a Prospect Generator, the acquisition of the Northern Shield Project is aligned with our strategy of building long-term value for shareholders through disciplined growth in platinum group and critical minerals projects. Our flagship River Valley Palladium Project, which hosts a multi-million-ounce NI 43-101 compliant Mineral Resource, provides a strong foundation for the Company, and Northern Shield adds another strategic project to our PGM portfolio at a low entry cost. This positive momentum is further supported by our recently completed financing, raising $4.0 million including a lead order from Mr. Eric Sprott, one of the mining sector’s most respected investors, which strengthens our ability to advance our portfolio and execute on our growth strategy. The government commitment to infrastructure development in Northern Ontario, is emphasized in Figure 1, especially with the recent announcement of a new all-season access road to the Ring of Fire region. The Directors and Management of New Age Metals believe that we are well positioned to benefit from improving access, regional momentum, and responsible resource development in partnership with First Nations.”

Highlights

  • 100% owned, acquisition completed through staking with no option payments, or earn-in obligations
  • Land position totaling ~20,000 hectares (~54,000 acres) of 939 claims covering a large intrusive complex associated with PGM/Cu/Ni
  • Extensive historical exploration database, including airborne and ground geophysics, soil geochemistry, mapping, and 7,000 metres previous diamond drilling

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