New Age Metals (TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2) is beginning a phase II and maiden drill program on two of its lithium projects. These projects have some interesting qualities resource investors need to know about.

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New Age Metals has 7, 100% owned lithium (spodumene) projects. 3 of which are drill ready in Manitoba, Canada.

New Age Metals is the largest regional claim holder at 11,620 Hectares with exploration agreements in place with local first nations.

Resource investors might be aware that Spodumene has distinct advantages over brine mining when creating saleable lithium hydroxide to battery manufacturers.

Spodumene is often referred to as "hard rock". Traditional, open pit mining operations are used on "hard rock".  

Brine mining involves pumping a saline solution to surface into evaporation ponds where it can take years to concentrate. It's finally moved to processing plants to be converted into lithium hydroxide.

World's Top Lithium Hardrock Miners Agree To Fund Exploration

Why Investors Should Pay Attention Now

It’s drill season. Investors should expect a steady source of news from our 2022 exploration plan. Mineral Resources Limited has approved a 2022 exploration budget of $1.8M. 

  1. Conduct a maiden drill program at the Lithium One Project

  2.  Conduct a phase Two drill program at the Lithium Two Project 

  3. Complete field reconnaissance and ground proofing of magnetic geophysical targets generated in 2021
     
  4. Continue to expand land position in the Winnipeg River Pegmatite Field
     
  5. The Company also has a PGM Division and is at the Pre-Feasibility stage developing one of North Americas largest palladium projects
     

 

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Spodumene Superiority In Great Jurisdiction


After looking over the property, phase I drill results and historical data, one of the top global lithium miners (Mineral Resources Limited) entered into an agreement with New Age Metals. 

In exchange for larger ownership of the project as it advances, this deal funds the exploration, N1 43-101 compliant mineral resource estimate and PFS.

McKinsey & Co. (2025 costs, typical South American brine vs. typical Western Australian spodumene)

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For Investors Looking For Drill Ready Lithium Projects With Size And Smart Money Behind It

Eric Sprott 24.5% Ownership Stake

Spodumene is a lower cost source for lithium hydroxide vs. brine

~60% of global lithium production is from spodumene vs. 40% from brine 

Lithium extracted from mining...is more stable to extract, easier to scale and generally more sustainable.

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