New Age Metals Signs Exploration Agreement with Sagkeeng First Nation Manitoba
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October, 25th 2018 / TheNewswire / Rockport, Canada - New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) New Age Metals is pleased to provide an update on our Lithium division in Manitoba.
Harry Barr, Chairman & CEO stated, "By signing this Exploration Agreement the Company believes that there is a structured method to work constructively with the Sagkeeng Nation in regards to the exploration and development of any of the company's claims that are located on traditional Sagkeeng territories. Going forward, NAM has agreed to complete desktop archaeological studies on the areas in which exploration and development activities will be conducted. These studies will help to expedite the drill application approval process and to conduct our drill objectives. Once desktop archaeological assessments are completed, NAM expects to begin drilling shortly thereafter."
The company's Lithium Division, Lithium Canada Developments, has an aggressive exploration and development plan for 2018/2019. NAM's Manitoba projects are financed via an Option/Joint Venture agreement with Azincourt Energy (AAZ) (see News Release Jan 18th, 2018).
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Figure 1: Claim map showing priority areas where archaeological studies will be completed as part of the new Exploration Agreement with the Sagkeeng Nation.
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On behalf of the Board of Directors
"Harry Barr"
Harry G. Barr
Chairman and CEO
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