New Age Metals amends Genesis project joint venture deal with Rockport Capital

Bitget2026/09/30 21:16

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New Age Metals signed an amendment with Rockport Capital to revise their option and joint venture deal for the Genesis Ni-Cu-PGE project in Alaska.
If Rockport skips the additional earn-in, the parties will form an unincorporated 50/50 joint venture with no further payments or spending required.
If Rockport elects within 120 days, it can raise its stake to 70% by paying $10,000, issuing 250,000 shares, funding $750,000 exploration.
Initial earn-in terms stay intact: Rockport can earn 50% by paying $25,000, issuing 1,000,000 shares, funding $250,000 exploration.
New Age Metals remains operator, with fees of 4% pre-earn-in completion, 8% at the joint venture stage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Age Metals Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202609301715TNWSWRCACNPR_____1k6WFQqdR) on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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New Age Metals amends Genesis project joint venture deal with Rockport Capital

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