Vancouver, BC, October 9, 2025 - TheNewswire – Global Stocks News – Sponsored content disseminated on behalf of NexMetals Mining. On October 1, 2025, NexMetals Mining (TSXV: NEXM) (NASDAQ: NEXM) confirmed that SNUG-25-194 intersected 32.60 metres of continuous mineralization at Selebi North South Limb, including an aggregate total of 19.90 metres of massive sulphide across five sub-intervals. NexMetals owns two previously producing Cu-Ni-Co mines in Botswana, a safe, mineral-rich Tier 1 mining jurisdictio ...

Core Viewpoint - New Age Metals Inc. has increased the size of its flow-through unit private placement from $1,200,000 to $1,700,000 due to strong investor demand [1][2]. Group 1: Private Placement Details - The flow-through unit (FT Unit) private placement will now raise up to $1,700,000, while the non-flow-through unit (NFT Unit) remains unchanged at $2.3 million [2]. - Each FT Unit will be issued at a price of $0.26, consisting of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.40 for up to 36 months [3]. - Mr. Eric Sprott, the largest shareholder owning 23.2% of the company, intends to subscribe for $2,000,000 of the private placement [2]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated for exploration and development of the company's projects located in Newfoundland, Ontario, or Manitoba, while proceeds from the NFT Units will be used for exploration and general working capital [4]. Group 3: Regulatory and Compliance - All securities issued in connection with the private placement will be subject to a hold period of four months plus one day from the date of issuance, and the closing is conditional upon receiving approval from the TSX Venture Exchange [5].

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]

Core Insights - New Age Metals Inc. has received formal approval under Newfoundland and Labrador's Junior Exploration Assistance Program, enabling the company to advance its exploration projects in the region [1][2] - The project has been designated as a "Critical Minerals as a Primary Exploration Target," ensuring eligibility for funding from Critical Minerals Assistance and Provincial Critical Mineral Assistance streams [2] - The company is preparing for a Phase 2 exploration program following a successful Phase 1 program, with a budget of approximately $225,000 and potential rebate support of up to 40% of eligible costs [4][5][6] Exploration Program Details - The Phase 2 field program will include geological mapping, prospecting, and various sampling methods, with a focus on the Antimony Ridge property [6][7] - The total area of the Antimony Ridge and Citadel properties is 3,775 hectares, which are located near hydroelectric power and communities, providing access to a skilled workforce [9][8] - The company has entered into an Option Agreement to acquire a 100% interest in the Antimony Ridge Property, enhancing its geological potential [8] Financial Support and Incentives - The JEA Program aims to expand the mineral inventory of Newfoundland and Labrador, providing funding through a combination of provincial and federal grants [10] - The potential rebate for eligible exploration activities is estimated at $71,975, with a maximum rebate of $150,000 per project [6][12] - The JEA Program is designed to support junior companies in critical mineral exploration, with a total funding pool of $3.9 million [10]