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New Age Metals Announces Farid Mammadov as Vice President of Investor Relations
Thenewswireยท 2025-09-16 12:35
Core Insights - New Age Metals Inc. has entered into an Amended Investor Relations Employment Agreement with Farid Mammadov, extending his role for an additional 12 months and appointing him as Vice President of Investor Relations [1][2] - The company will pay Mr. Mammadov a monthly fee of $6,250, and he currently holds 250,000 stock options [2] Company Overview - New Age Metals is a junior mineral exploration and development company focused on critical green metal projects in North America, with three divisions: Platinum Group Element, Lithium/Rare Element, and Antimony-Gold [3] - The PGE Division includes the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects, and the Genesis PGE-Cu-Ni Project in Alaska [4] - The Lithium Division is exploring hard rock lithium and rare elements in the Winnipeg River Pegmatite Field, in partnership with Mineral Resources Ltd. [5] - The Antimony-Gold division spans over 19,800 hectares in Newfoundland, with recent approvals under the Junior Exploration Assistance Program [8] Recent Developments - A $1.5 million NSERC Alliance grant was awarded for research focused on advancing Canada's critical metals sector, with approximately $107,000 planned for New Age's properties in 2025 [6] - The company is also supporting a $180,000 Mitacs research grant, contributing $90,000 to a partnership with the University of New Brunswick and the University of British Columbia [7] - New Age Metals announced an investment in MetalQuest Mining, holding approximately 12.79% of the company, which is developing a significant iron ore project [9][10] Strategic Initiatives - The company is actively seeking new mineral acquisition opportunities internationally and aims to option projects with major and junior mining companies [11]