Core Insights - New Age Metals Inc. (NAM) has released its ESG/Sustainability Report for the year 2024-2025, focusing on its newly acquired properties in Newfoundland and Labrador and the Alaska Genesis PGM-Cu-Ni Project [1][2] Group 1: ESG Commitment and Stakeholder Engagement - The company emphasizes the importance of engaging with key stakeholders, including First Nations and local communities, before advancing any projects [5][6] - NAM believes that long-term sustainability relies on a strong commitment to environmental, social, and governance (ESG) principles, which enhances project success and fosters meaningful partnerships [6][8] - The report aligns with frameworks from TCFD and SASB to ensure adherence to industry best practices [7] Group 2: Exploration and Project Development - Exploration activities during the reporting period were limited to reconnaissance field visits and surface sampling, with minimal fuel use and no significant water sourcing [7] - The company has completed Phase 1 and Phase 2 exploration for its Antimony-Gold division, successfully delineating multiple gold-antimony trends and planning follow-up exploration [11] - NAM has expanded its Bonanza Ridge Gold and Critical Metals Project through option agreements, adding approximately 5,216 hectares of prospective ground [12] Group 3: Strategic Acquisitions and Partnerships - On January 21, 2026, NAM announced the acquisition of the Northern Shield PGM-Copper-Nickel Project in Ontario's Ring of Fire, marking a step in its expansion strategy [11] - The company is developing its Lithium Division in partnership with Mineral Resources Ltd., focusing on hard rock lithium and rare elements [15] - NAM is actively seeking joint venture partners for its Genesis PGM-Cu-Ni Project in Alaska, with results from the Summer/Fall Program expected by year-end [18] Group 4: Research and Development Initiatives - NAM is involved in a $1.5 million NSERC Alliance grant aimed at advancing Canada's critical metals sector, particularly targeting its Bird River lithium properties [16] - The company supports a $180,000 Mitacs research grant focused on lithium pegmatite mineralization, collaborating with academic institutions to enhance exploration programs [17]
New Age Metals Releases Sustainability Report for 2024-2025
Thenewswire·2026-02-02 13:45