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by Will Purcell
The critical and specialty minerals stocks box score for Thursday was a mediocre 90-98-122 as the TSX Venture Exchange jumped 15 points to 1,021. Harry Barr's New Age Metals Inc. (NAM) rose one-half cent to 32 cents on 71,000 shares. The company cheers that it is regaining full control of its lithium and rare metals properties in southeastern Manitoba. In other words -- in line with one promoter's trash being another's treasure -- Australia-based Mineral Resources Ltd. has decided to terminate its option on the project.
Mr. Barr, the chief executive officer of New Age Metals, offered thanks to his former partner and its technical and financial teams for their contributions and partnership during the three-year stretch that the option agreement was in effect. "As New Age Metals moves forward with 100-per-cent ownership of the Manitoba lithium and rare metals project," he enthused, "we remain focused on advancing the many drill-ready targets identified across the project while continuing to develop the next generation of exploration targets through systematic fieldwork and technical review."
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