New Age Metals Inc. (NMTLF)

HALT on New Age Metals!!

$NMTLF is a Precious metals play (Palladium, Lithium) -a Jr Site exploration company, at the same stage as $ABEPF and $REZZF. both of those tickers popped within the last two weeks (Highs of ~0.70, and 1.50 respectively), and were trading at the same price NMTLF is at currently (0.13-0.15). All three companies are currently 2-3 years out from actual mining of their metals deposits.

New age currently has 100% ownership of Palladium Deposit site in North America - typically Palladium is mined out of Russia and South America, so having total ownership in NA is a pretty unique advantage.

Both Palladium and Lithium will see continued increase in demand in the coming years with the rise and increased use of green cars, especially with increased focus in cars being environmentally friendly; Palladium is used as the more effective metal in a car's catalytic converter as opposed to it's substitute, platinum. That said, hybrid cars require more Palladium than traditional conventional combustion engines. It is worth pointing out there there has also been a palladium supply shortage since 2012

All that said, with the increase in hybrid cars as well as the increase in EV production and manufacturing, palladium and lithium demand will continue to increase, and owning the supply in NA will be that much more valuable.

Lastly, Eric Sprott (THE guy when it comes to precious metals investing), has announced his investment of about 10% of NMTLF - it's passed his DD, which helps support our own research.

In an interview with the CEO last week, he mentioned there would be an announcement coming soon in their study in regards to Rhodium deposits at their sites. This stuff is currently trading for $20k/oz.

Given the price action of the two similar competitors, I'm watching to see similar movements in NMTLF in the coming weeks.