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New Age Metals ( (TSE:NAM) ) has issued an update.
New Age Metals Inc. has expanded its strategic gold-antimony land package in central Newfoundland by acquiring 42 additional mineral claims, covering 1,050 hectares. These new properties are strategically located along the geological trend of the Beaver Brook Antimony Mine and near New Found Gold Corp.’s Queensway South Project. This expansion increases NAM’s total land holdings in Newfoundland to 19,125 hectares, positioning the company for potential new mineral discoveries amid rising gold and antimony prices. The company plans to conduct aggressive fieldwork in summer 2025, focusing on the Fastness and Palisade properties, which are located in highly prospective geological settings.
More about New Age Metals
New Age Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company primarily deals with precious metals like gold and critical minerals such as antimony, with a strategic emphasis on regions with high mineral potential.
YTD Price Performance: 58.00%
Average Trading Volume: 25,456
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.84M
See more insights into NAM stock on TipRanks’ Stock Analysis page.