16:03:03 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



New Age Metals Inc
Symbol NAM
Shares Issued 222,137,002
Close 2023-12-22 C$ 0.045
Market Cap C$ 9,996,165
Recent Sedar Documents

New Age Metals agreement for Manitoba claims

2023-12-22 18:03 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated Dec. 1, 2023, with an arm's-length optionor to acquire an undivided 100-per-cent interest in the mineral property claims Bridge P9486E and Bridge 1 MB 3068, located in the Bird River area in the province of Manitoba, Canada.

Pursuant to the terms of the agreement, in the event that the option is fully exercised, a 2-per-cent gross overriding royalty shall be retained by the optionor. The company has the exclusive right to purchase a 1-per-cent royalty at the price of $1-million and the optionor shall retain a 1-per-cent royalty.

Consideration:  Dec. 29, 2023, $40,000 cash and 100,000 common shares; Jan. 10, 2025, $50,000 cash and 200,000 common shares; Jan. 10, 2026, $60,000 cash and 200,000 common shares

For further details, please refer to the company's news releases dated Dec. 11, 2023.

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