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New Age Metals grants Rockport Capital option to earn 50% interest in Alaska's Genesis project

Company Fundamentals
06 May 2026
TheNewswire
View Source
Bullish
pluang ai news

New Age Metals has signed a non-binding letter of intent with Rockport Capital, allowing Rockport to earn an initial 50% interest in the Genesis nickel-copper-platinum group element project in Alaska by making cash payments, issuing shares, and funding exploration. The project covers over 10,000 acres near key infrastructure. Rockport may increase its stake to 70% through a joint venture. The deal awaits regulatory approvals, due diligence, and financing, marking a significant step for both companies in advancing critical metal exploration. Completion depends on several conditions including TSXV approval and a technical report.

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