Company Overview

New Age Metals Inc. is a Canadian mineral exploration and development company focused on platinum group metals (PGMs), lithium, and associated battery and critical metals. The company operates within the mining and natural resources exploration industry, with a strategic emphasis on commodities tied to electrification, clean energy technologies, and advanced industrial applications. Its core activities involve the acquisition, exploration, and advancement of early- to mid-stage mineral properties rather than active production.

The company’s primary value drivers are its PGM exploration assets in North America and its lithium projects located in a highly prospective Canadian jurisdiction. New Age Metals Inc. positions itself as a first-mover in underexplored districts, leveraging geological data compilation, historical exploration, and modern survey techniques to define mineral potential. The company was incorporated in Canada and has evolved through a series of property acquisitions and strategic refocusing, shifting from diversified exploration toward a clearer emphasis on PGMs and lithium as demand for electric vehicles and decarbonization technologies increased.

Business Operations

New Age Metals Inc. conducts its business through mineral exploration programs that include geological mapping, geophysical surveys, surface sampling, and drilling. The company’s principal operating segments are Platinum Group Metals Exploration and Lithium Exploration, which together represent its sole sources of asset value and prospective future revenue. As an exploration-stage issuer, the company does not currently generate operating revenue and is funded primarily through equity financing.

Operationally, the company’s flagship assets include its PGM projects located in the United States and its lithium portfolio in Canada. The lithium assets are held through Lithium Division Corp., a wholly owned subsidiary, which manages claim staking, option agreements, and exploration activities. New Age Metals Inc. does not currently report any producing mines, processing facilities, or long-term offtake agreements, and exploration programs are typically executed using third-party contractors and consultants.

Strategic Position & Investments

The strategic direction of New Age Metals Inc. centers on advancing critical and battery metal assets in politically stable jurisdictions. Growth initiatives include systematic exploration to expand known mineralization, asset consolidation through claim acquisitions, and potential joint ventures or strategic partnerships to reduce exploration risk and capital intensity. The company has publicly emphasized its intention to advance its most prospective projects toward resource definition stages where possible.

Investment activity has largely focused on property acquisition and retention rather than corporate acquisitions. Notable subsidiaries include Lithium Division Corp., which houses the company’s lithium strategy and portfolio. New Age Metals Inc. has also positioned itself to benefit from emerging demand in electric vehicle supply chains, hydrogen technologies, and clean energy infrastructure, where PGMs and lithium are considered essential inputs. No producing or revenue-generating portfolio companies have been disclosed in public filings.

Geographic Footprint

New Age Metals Inc. is headquartered in Canada and maintains a North American operational footprint. Its lithium exploration assets are primarily located in Québec, a region known for established mining infrastructure, supportive regulatory frameworks, and proximity to North American battery manufacturing initiatives. These projects provide the company with exposure to one of the most active lithium exploration regions in Canada.

The company’s PGM assets are located in the United States, giving it geographic diversification across two stable mining jurisdictions. While New Age Metals Inc. does not operate outside North America, its commodity focus aligns with global demand trends, and its assets are strategically positioned to potentially supply international markets should commercial development occur.

Leadership & Governance

New Age Metals Inc. is led by a management team with experience in mineral exploration, capital markets, and public company governance. The leadership philosophy emphasizes disciplined capital allocation, jurisdictional stability, and commodity exposure aligned with long-term structural demand rather than short-term price cycles.

Key executives and leaders include:

• Harry Barr – Chairman & CEO
• Michael Young – President
• David Fairclough – Chief Financial Officer
• Kunal Mukherjee – Director
• Wayne Tisdale – Director

The board and management collectively guide corporate strategy, oversee exploration priorities, and manage stakeholder relations, with governance practices aligned to Canadian public market standards.