New Age Metals Announces Non-Brokered Private Placement

New Age Metals Inc., a Canadian junior mineral exploration and development company, announced a non-brokered private placement of 5,000,000 units on September 9, 2026. Each unit consists of one common share and one-half of a share purchase warrant, with a total gross proceeds target of $1,000,000. The placement is being offered under the Listed Issuer Financing Exemption (LIFE) available under Part 5A of National Instrument 45-106, subject to the approval of the TSX Venture Exchange.

The company intends to use the net proceeds from this financing, combined with its existing working capital, to advance its mineral exploration and development activities. Key focus areas include the Phase II PLATSOL™ metallurgical process optimization program at the company’s 100% owned River Valley Palladium Project in Ontario. The program aims to optimize the PLATSOL™ process, which is crucial for the efficient extraction of critical metals.

New Age Metals also plans to evaluate various testwork scenarios, including batch PLATSOL™ pressure oxidation testwork to assess temperature, residence time, concentrate regrind, and chloride source/addition. Additionally, the company will conduct PGM recovery scoping tests, neutralization and precipitation testing, and copper solvent extraction scoping testwork. Technical reporting and recommendations for potential future work will be compiled and made available.

Engaging with First Nations communities is another priority for the company. Over the next 12 months, New Age Metals will continue to promote mutually respectful relationships by holding meetings, information sharing, and community engagement activities. The company will also compile and interpret historical and current geological, geochemical, geophysical, drilling, and metallurgical data to improve its understanding of its mineral properties and assist in identifying and prioritizing future exploration targets.

The Offering is being made in all provinces of Canada (except Quebec) and other qualifying jurisdictions, including the United States. The Units offered under the LIFE will be immediately "free-trading" under applicable Canadian securities laws. Units sold to subscribers resident in the United States will be subject to additional trade restrictions.

Eligible finders will receive a cash commission of 7% of the aggregate gross proceeds of the Offering from subscribers introduced to the company by the finders and such number of finder's warrants as is equal to 7% of the number of Units sold under the Offering to subscribers introduced by the finders. Each Finder's Warrant is on the same terms as the Subscriber Warrants. Any Finder Warrants that become issuable will be subject to regulatory hold periods.

The Offering is anticipated to close on or about September 22, 2026, or such later date as the company may determine. The closing is subject to receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.