New Age Metals ( (TSE:NAM) ) just unveiled an update.
New Age Metals Inc. has successfully staked 723 mineral claims, covering 18,075 hectares in Newfoundland and Labrador, positioning itself for potential new discoveries of gold and antimony. This strategic move aligns with the company’s focus on exploring critical metals in under-explored areas, particularly as gold prices reach historic highs and antimony becomes increasingly valuable due to export restrictions from China. The company plans to begin field exploration by late spring to early summer 2025, aiming to leverage favorable market trends and geological conditions.
More about New Age Metals
New Age Metals Inc. operates in the mining industry, focusing on the exploration and development of precious and base metals, particularly gold and antimony. The company is strategically expanding its exploration footprint in North America, aiming to capitalize on the rising demand for critical minerals.
YTD Price Performance: 8.00%
Average Trading Volume: 25,908
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.71M
Find detailed analytics on NAM stock on TipRanks’ Stock Analysis page.