August 6th, 2025 – TheNewswire – Rockport, ON – New Age Metals Inc. (TSXV: NAM | OTCQB: NMTLF | FSE: P7J.F) (“NAM” or the “Company”) is pleased to announce its participation in a non-brokered private placement of MetalQuest Mining Inc. (“MQM”), a TSX Venture-listed junior mining (TSXV:MQM | OTC:MQMIF | FSE:E7Q.F) company and the 100% owner of the historic multi-billion tonne Lac Otelnuk Iron Ore Project in Nunavik, Quebec. In 2024, the Quebec, Newfoundland and Labrador and Federal Governments announced that high-purity iron ore is a critical metal.
Further to required early warning disclosure filed on SEDAR+ July 31, 2025, NAM received Board and TSXV approvals to increase its ownership in MQM from 6.44% to 19.05% on a post-conversion beneficial ownership basis. Undiluted, NAM has increased its ownership in MQM from 6.44% to 12.79%.
Our investment will assist MQM with its Go-Forward Plan. AtkinsRéalis, an…
