Chairman’s Message – January 2026

Dear Shareholders and Interested Parties,

January has been a strong start to 2026 for New Age Metals, marked by continued execution on our acquisition-driven strategy, disciplined portfolio growth across multiple critical-metals themes, and active investor outreach as we begin the year.

If you have not done so already, we encourage readers to review our 2025 Year-End Summary press release, which outlines the Company’s achievements in 2025 and our go-forward plan for 2026.

Portfolio Growth and Northern Ontario Strategy

During the month, the Company announced the acquisition (via staking) of the Northern Shield Property, a new platinum group metals (PGM)–copper–nickel exploration asset located within the Fishtrap Lake Intrusive Complex. This acquisition represents another step in building a strategic presence in one of Canada’s most important emerging critical-minerals districts and aligns with our broader PGM and critical-minerals strategy in Northern Ontario.

Strategic Investment: MetalQuest Mining (MQM)

We also highlight that New Age Metals maintains an equity interest in MetalQuest Mining Inc., which provides additional exposure to exploration and development activity, including its high-purity Lac Otelnuk iron project and its growing Ring of Fire footprint. New Age Metals owns approximately ~9.63% on an undiluted basis and ~14.6% on a partially diluted basis.

January Investor Outreach and Conference Activity

January was an important month for investor engagement and relationship-building. In early January, I had the opportunity to travel to Japan to present our project portfolio to a number of major mining, metals trading, and manufacturing companies. The discussions were productive, our projects were well received, and we have been invited back—plans are now in place to return before the end of February 2026. The objective of this second trip is to follow up with interested parties and present our projects to an expanded group of companies.

Management also attended the Future Minerals Forum in Riyadh (January 13–15, 2026) as part of our ongoing outreach efforts. Our team met with and presented to potential strategic investors, further expanding our network across the Middle East. The conference exceeded our expectations in terms of scale, organization, and the quality of meetings—our goal was to return with at least 15 new contacts, and we returned with closer to 50. The conference also reported an all-time high level of attendance, drawing participants from around the world.

We then exhibited at the Vancouver Resource Investment Conference (January 25–26, 2026). We appreciated the strong interest from shareholders and new contacts who took the time to meet with us. VRIC 2026 has been the busiest investor resource conference we have attended in the past five years, and we believe this is a positive sign for the junior mining industry.

Looking ahead, we will also be attending the PDAC Convention in Toronto (March 1–4, 2026) and plan to schedule meetings with investors and other stakeholders.

Podcast Initiative and Online Presence

We are also finalizing a podcast studio at our field office, which will give management a consistent platform to communicate directly with the market and strengthen our online presence. A company-run podcast allows us to provide timely project and corporate updates in a format that’s easy to consume, explain technical milestones in plain language, and build trust through regular, transparent communication.

It also creates an avenue to host guests—such as geologists, engineers, industry partners, finance groups, and market commentators—helping broaden our reach, deepen investor understanding, and expand the Company’s network over time.

Looking Ahead

As we move into February, our focus remains on continuing to build and refine our Ring of Fire strategy following the Northern Shield acquisition, advancing planned work programs across our portfolio as outlined in our 2026 go-forward plan, and maintaining consistent investor outreach and engagement through major industry conferences and direct meetings.

Thank you to our shareholders, partners, and stakeholders for your continued support. We remain committed to executing a disciplined strategy focused on responsible growth, technical progress, and long-term value creation.

We encourage interested parties to set up a meeting with management by emailing [email protected] or calling +1 (613) 659-2773.

On behalf of the Board of Directors and Management, thank you for your continued support and trust in New Age Metals.

Sincerely,

Harry G. Barr
Chairman and CEO
New Age Metals (TSXV: NAM | OTC: NMTLF | FSE: P7J)
Email: [email protected]
Phone: 613-659-2773