New Age Metals (TSX-V:NAM, OTCQB:NMTLF) Inc has said it is set to progress its lithium projects this spring after the 2022 exploration budget and program for its Manitoba lithium division have received the tick of approval from the company’s partner Mineral Resources Limited.
New Age Metals (TSX-V:NAM, OTCQB:NMTLF) CEO Harry Barr said the $1.8 million budget was the largest to date for the company’s lithium division and it would include a comprehensive exploration program covering multiple properties.
“With the support of our partner, Mineral Resources Limited, we are looking forward to the advancement of our projects this coming season,” Barr noted.
READ: New Age Metals updates on progress of its pre-feasibility study for the River Valley palladium project, Ontario
The company said its lithium division was one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where New Age Metals is exploring for hard-rock lithium and various rare elements, including tantalum, cesium, and rubidium.
The upcoming exploration program includes a second drill program on the company’s Lithium Two project, initial drill program on the Lithium One project, a satellite data acquisition and analysis on all claim areas, and helicopter-borne tri-axial magnetic surveying on prospective ground not covered in 2021 surveys.
New Age Metals is a junior mineral exploration and development company focused on advancing green metal projects in North America through its two divisions, a platinum group metals division and a lithium/rare element division.
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