New Age Metals Launches Next Phase of PLATSOL(TM) Metallurgical Optimization Testwork at the River Valley Platinum Group Metals Project, Ontario
Original announcement by tmx on
- Company
- New Age Metals Inc.
- Ticker
- NAM
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Palladium
- Secondary commodities
- Platinum, Gold, Silver, Copper, Nickel, Cobalt
- Document categories
- Metallurgy, Other
- Extracted
- 2026-09-12 14:49:58 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
New Age Metals is commencing the next phase of PLATSOL™ metallurgical optimization testwork at its River Valley Palladium Project in Ontario. The 6-month program, conducted by SGS Canada, will focus on flotation concentrate production, pressure oxidation optimization, and downstream PGM and base metal recovery scoping.
Reasoning: The company is launching a new phase of metallurgical optimization work to refine previous successful results; while the news is positive for project advancement, no new assay or recovery data is provided in this release.
Positive factors
- Advancing to second phase of optimization
- Builds on positive proof-of-concept results
- Focus on high-value PGM and base metal recovery
Negative factors
- Results are not yet available (program is upcoming)
Facts used in scoring: 10
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The program involves flotation concentrate production and pressure oxidation (autoclave) testing.
Evidence · text
“producing flotation concentrates for PLATSOL™ testing”
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: the document describes a pox_biox route ("pressure oxidation")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Metallurgical Results (10)
Fact 1palladiumRecovery: 93 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 93 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- High recovery
Evidence · text
“best observed final extractions of 93% palladium”
Fact 2platinumRecovery: 88 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 88 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Strong recovery
Evidence · text
“88% platinum”
Fact 3goldRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Very high recovery
Evidence · text
“98% gold”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98% is at or above the exceptional band (95%)
Fact 4copperRecovery: 99 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 99 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Very high recovery
Evidence · text
“99% copper”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 99% is at or above the exceptional band (92%)
Fact 5nickelRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Very high recovery
Evidence · text
“98% nickel for Dana”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98% is at or above the exceptional band (90%)
Fact 6palladiumRecovery: 93 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 93 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- High recovery
Evidence · text
“93% palladium”
Fact 7platinumRecovery: 85 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 85 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Strong recovery
Evidence · text
“85% platinum”
Fact 8goldRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Very high recovery
Evidence · text
“98% gold”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98% is at or above the exceptional band (95%)
Fact 9copperRecovery: 100 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 100 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Exceptional recovery
Evidence · text
“100% copper”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 100% is at or above the exceptional band (92%)
Fact 10nickelRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: Historical proof-of-concept result reported as context.
Positive factors
- Very high recovery
Evidence · text
“98% nickel for Lismer”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98% is at or above the exceptional band (90%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.