River Valley Palladium Project: Path to Development - Pd Pt
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River Valley Palladium
Project: Path to
Development
Q4 2021 Pd Pt
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2
Disclaimers
SAFE HARBOUR STATEMENT FORWARD-LOOKING STATEMENTS
This report includes forward-looking statements covered by the Private Securities Certain information presented, including discussions of future plans and operations,
Litigation Reform Act of 1995. Because such statements deal with future events, they are contains forward-looking statements involving substantial known and unknown risks and
subject to various risks and uncertainties and actual results for fiscal year 2010 and uncertainties. These forward-looking statements are subject to risk and uncertainty,
beyond could differ materially from the Company’s current expectations. Forward-looking many of which are beyond control of company management. These may include, but are
statements are identified by words such as "anticipates," "projects," "expects," "plans," not limited to, the influence of general economic conditions, industry conditions,
"intends," "believes," "estimates," "targets," and other similar expressions that indicate fluctuations of commodity prices and foreign exchange rate conditions, prices, rates,
trends and future events. environmental risk, industry competition, availability of qualified staff and management,
stock market volatility, timely and cost-effective access to sufficient working capital or
financing from internal and external sources. Actual results, performance, or
achievements may differ materially from those expressed or implied by these forward-
QUALIFIED PERSON STATEMENT looking statements
The information in this presentation that relates to Exploration Results or Mineral
Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone. Dr.
Stone is a Qualified Person, as defined by National Instrument 43-101, and has reviewed
and approved the technical content of this presentation.
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 2
River Valley Palladium Project Overview
• One of the largest 100% owned undeveloped primary
palladium deposits in North America
• Superb infrastructure setting with road and rail links to
Sudbury infrastructure
Payable Metals (Preliminary Economic Assessment
• Multi-million ounce district scale palladium asset 2019)
• Fully funded for Prefeasibility Study, initiating in April 63.4% PALLADIUM
2021 17.5% PLATINUM
12.9% COPPER
• Rhodium evaluation program underway
3.3% GOLD
• Blue-sky exploration upside, world-class mining
2.2% NICKEL
jurisdiction
0.7% COBALT
One of the most undervalued companies in North
American PGM explorers/developers on a market
capitalization/PdEq oz basis
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 3
RIVER VALLEY HISTORY
1999 2008 2012 2017 2021
Signed option-JV Anglo 50% earn-in after Mining leases granted; Restarted project Pre-Feasibility Study,
agreement with Anglo investing $30 million in environmental baseline exploration and commenced in April
Platinum exploration studies conducted development
2000 2010 2015 2019
Drill hole Acquired Pine Zone Updated MRE and
discovery Anglo’s 50% footwall 1st engineering
of PGM interest for discovery study; PEA
100% completed
ownership
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 4
Location, Infrastructure & Geology
• The River Valley Project
located within 100 road-
km from the City of
River Valley Sudbury in northern
PGM Project
Ontario, Canada
River Valley • Sudbury hosts a world-
class Ni-Cu (PGM)
mining district and
Sudbury Warren
major mineral
processing and metal
recovery facilities
Location of the River Valley Palladium Property relative to the City of Sudbury and the Sudbury
Basin. Note that the Property is covered by two Mining Leases, which are surrounded by a buffer
of mining claims (not shown).
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 5
NAM PROPERTY LAND TENURE
• Project covered by NAM Mining
Leases and buffered by Mining
Claims
• Two Mining Leases (450 and 451)
cover all the original River Valley
deposit
NAM
• Mining claims cover the RVX part of
NAM the deposit and the East and West
Buffer areas
NAM
• Total land area = 107 sq km
• Banked Credits on ML450 = $11.5M,
which covers the holding costs of the
RVX and buffer claims until expiry
Land tenure map
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 6
Regional Geological Setting
• River Valley is the
largest and easternmost
of the Paleoproterozoic
EBL (“East Bull Lake”)
suite of intrusions
• River Valley is a gabbro-
norite-anorthosite
intrusion hosted in high-
grade metamorphic
paragneisses of the
Grenville Province
• Platinum Group Metal
(PGM)-Copper sulphide
deposit discovered on
basal (eastern) contact
in 1999
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 7
Property Geology & Mineralized Zones
• River Valley Palladium deposit occurs on
Symbols
footwall contact of the River Valley Intrusion
Faults
Mining Lease
• Deposit strike-length totals 16 km from Pardo
Legend Zone in the north to River Valley Extension
Nipissing in the south
Huronian
PGM Deposit
River Valley Intr. • Moderately to steeply dipping west or
Grenville Gneiss southwest; locally overturned
• Deposit broken-up by cross-cutting faults into
many separate mineralized zones
• Covered by two large Mining Leases and
buffered by many Mining Claims
• Open to expansion by drilling at depth and
in footwall
Geological map of River Valley property
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 8
Contact Type PGM Mineralization
• Contact-type disseminated PGM-Cu sulphide
Stratigraphic Column mineralization occurs mainly in the distinctive Breccia Unit
in the basal marginal zone of the intrusion
• Boundary Unit and Inclusion-Bearing Unit as less
important hosts
• Exploration targets inchalcopyrite-pyrrhotite
the Layered Unit remain untested
sulphide fragments in
drill core
• PGM most closely associated with chalcopyrite
• Mineralization similar to Lac des Iles Mine deposit, NW Ontario
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 9
MINERAL RESOURCE ESTIMATE RESULTS
Pd
PALLADIUM
Pt
PLATINUM
Rh
RHODIUM
Cu
COPPER
AuGOLD
AgSilver
1,568,300 oz 606,400 oz 53,800 oz 114.7 Mlbs 106,700 oz 759,800 oz
PALLADIUM M+I 1 PLATINUM M+I RHODIUM M+I COPPER M+I GOLD M+I SILVER M+I
1,073,700 oz 480,600 oz 43,700 oz 88.1 Mlbs 94,200 oz 756,000 oz
INFERRED INFERRED INFERRED INFERRED INFERRED INFERRED
1 measured + indicated *see Appendix (slide 25) for full results summary and NSR
calculations
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 10Higher Grade PGM Mineralization
Higher Grade Drill Hole
Intercepts in the Northern Area
of River Valley Deposit1
• The higher grade mineralized intercepts
reflect presence of higher-grade PGM
domains within the River Valley Palladium
deposit
• In addition, 1800 kg of material blasted from
outcrops and trenches at Dana North and
Dana South for metallurgical testwork in
1999 graded 4.2 g/t Pd, 1.2 g/t Pt, 0.15 g/t
Rh, 0.22 g/t Au and 0.32% Cu
• The nature, distribution and controls on the
higher grade domains is under investigation
for future resource estimation modelling
1NorthernArea of the River Valley deposit includes the
Pine Zone,
Dana North Zone, Dana South Zone, Banshee Zone and
Lismer North Zone
*Metallurgical holes demonstrating strong continuity of mineralization; The Dana North hole ended in strong mineralization
**True widths approximately 65%-80% of intersection widths
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2
11Mineral Processing Recovery Studies
PGM Head Grade (g/t) vs Recovery %: 1999-2013 Previous Metallurgy Study (SGS Canada Inc.
90
2013)
80
70 • Material: fresh drill core samples from Dana North and Dana South zones
60
• Primary & Regrind Sizes for Locked Cycle Test: P80=71 µm and P80=19 µm,
50
40 respectively
30
20 • Bulk Concentrate Grades: 16% Cu, 2% Ni, 189 g/t PGM
10
0 • Metal Recoveries: 84% Cu, 22% Ni, 69% PGM
0 1 2 3 4 5 6
• Smelter Payable Metals: Pd, Pt, Au, Cu, Ni probable; Rh likely; Co, Ag possible.
PGM Head Grade (g/t) vs Conc Grade (g/t): 1999-2013 • Deleterious Metals: NONE! (no talc)
• Conclusion: A sulphide concentrator could effectively process River Valley deposit
500
450 material
400
350
Next Steps
300 • Improve recoveries to produce bulk concentrate with minimum grades of 18%-20%
250
Cu and 200-250 g/t Pd+Pt+Au (plus Rh, other minor PGMs, Co, Ag)
200
150 • Investigate effects of grade variability on metal recovery and concentrate grade
100
• Investigate split circuit configuration for Ni recovery
50
0 1 2 3 4 5 6 • Budget = $700,000 (includes drilling fresh core materials and Rh assays)
Summary of metal recovery test results 1999-2013
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 12Environmental Studies
2002-2004 Work
• Devlin Environmental Consulting Services
• Plant ecology and surface water surveys
• Acid rock drainage study – limited potential for acid rock drainage
• Results: No evidence of threatened terrestrial species in the area.
2012 Study
• DST Consulting Engineers
• Surface Water, Sediment and Benthics Study
• Baseline surface water and sediment sampling and analyzes
• Results: Heavy metal concentrations detected and attributed to
atmospheric transport and deposition from Sudbury area smelters
2020 Study
• Story Environmental
• Environmental baseline programs including surface water quality programs,
hydrological data collection, fish community and fish habitat studies
• Archaeological assessment
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 13PRELIMINARY ECONOMIC ASSESSMENT
RIVER VALLEY PEA SUMMARY 1 SENSITIVITY ANALYSIS 3
6,000,000 Processing Pre-Production $501M Pre-Tax NPV(5%)
tpa Capacity $495M
Capital $300M After-Tax NPV (5%)
20,000 tpd Throughput LOM Average Cash
$709 US/oz 19% Pre-Tax IRR
14 year Mine Life Cost
15% After-Tax IRR
0.88 g/t PdEq 2 $261M Pre-Tax NPV(5%)
119,000 PdEq $138M After-Tax NPV (5%)
oz/pa Production/yr 13% Pre-Tax IRR
10% After-Tax IRR
CAD unless otherwise noted
1 based on US$1,200/oz Pd; $1,050 Pt; $3.25/lb Cu
2 palladium equivalent grade
3 +20% Pd price sensitivity - PEA base-case US$1,440/oz
Pd
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 14PREFEASIBILITY STUDY OBJECTIVES
STUDY ANNOUNCED 12 UPDATE USING MORE APPLY MODERN
APRIL 2021; COMPLETION TIGHTLY CONSTRAINED PROCESSING TECHNOLOGY
SLATED FOR H1 2022 1 DOMAIN MODELS TO INCREASE METAL
FOR MINERALIZED ZONES RECOVERIES
Rh
OPTIMIZE VALUE-PER- INTEGRATE IMPROVED EVALUATE RHODIUM FOR
TONNE OF MINERALIZED PRICING FOR PAYABLE INCLUSION AS A PAYABLE
MATERIAL MOVED IN AN METALS FROM RIVER VALLEY METAL
OPEN PIT MINING
OPERATION
1NAM GEOLOGISTS
projected AT TRENCH
timeline 8 NORTH
12 months OF DANA NORTH ZONE
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 15Northern Area Focus
Pardo Zone Symbols • Pine-Dana-Lismer Zones area (4 km
Faults
strike length)
Legend
Pine Zone PGM Zones • Highest grades
(covered) River Valley Intr.
• Measured and Indicated resources
dominate
Dana North-Pine Zones
(M&I = 29 Mt @ 1 g/t PdEq) • Mineralized Zones outcrop
• Road accessible
Lismer North/Ext Zone
• Pardo and Banshee Zones to be
(M&I = 15 Mt @ 0.9 g/t PdEq)
Dana South Zone
(M&I = 11 Mt @ 1.2 g/t PdEq) Lismer Ridge Zone
(M&I = 29 Mt @ 0.7 g/t PdEq) upgraded by drilling to Indicated
Banshee Zone Mineral Resources for possible
(Inf = 3 Mt @ 0.6 g/t PdEq)
conversion to Mineral Reserves
Geology map of the northern area of the River Valley Palladium deposit. The Huronian, Grenville Gneiss and Nipissing
excluded for illustration purposes (see slide 9). Mineral Resource Estimates using 0.35 g/t PdEq cut-off (PEA 2019).
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 16Exploration Model
• In 2015, drill testing a chargeability high
Mineral Resources IP anomalies similar to the
Pine Zone
identified in previous IP surveys led to
Pine Zone discovery of the Pine Zone in the
footwall to the Dana North Zone
Dana North Zone
• 2017/2018 IP surveys identified many
additional chargeability highs in the
weak AEM conductors footwall to the northern area of the River
Dana South Zone
Valley deposit.
• Many of those chargeability highs
Banshee Zone remain to be drill tested
Lismer North Zone
• The remaining 12 km of the footwall
contact to the south remains to be IP
Lismer Main Zone surveyed
Colour image of 2018 merged IP chargeability surveys at 250 m level (approx. 70 m below surface). • In 2021, IP coverage to be extended over
The image shows numerous untested IP anomalies similar to Pine Zone that extend northeast
(externally) from the footwall contact of the River Valley Intrusion Banshee Zone
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 172021 Exploration:
Dana South Zone Resource Expansion Drilling
• High grade mineralized outcrop
discovery in 2016 east of the
known Mineral Resources at
Dana South
Platadium Pond
• Discovery confirmed in 2020 and
associated with large, under-
tested IP chargeability feature
Mineralized grab samples
• Trenching, mapping and
with up to 8.29 g/t Pd+Pt
Dana South Zone sampling planned in 2021 to
and 0.12 g/t Rh
2019 Mineral Resource
WF & BM
investigate possible linkage of
mineralization to Mineral
Resources at Dana South Zone
Dana Lake
• Positive results to trigger
diamond drill program and
updated MRE
200 m
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 182021 Exploration:
Banshee Zone Infill and Expansion Drilling
• Strategic location between the
key Dana Zones to the north and
Dana South Zone
the Lismer Zones to the east
• Infill drilling planned in 2021 to
advance Mineral Resources from
Inferred to Indicated
classification
Lismer North Zone
• Ground IP Survey to be
Banshee Zone completed summer 2021
(Inferred Resources from a total
of 4,200 m in 21 drill holes)
• Exploration drilling in 2021/2022
Lismer Ridge Zone for new Mineral Resources
River Valley Intrusion (drilled depths averageBlue-Sky Exploration Targets in Development
Pseudo-Longitudinal Projection
fault
surface surface
Dana South Zone Dana North Zone Pine Zone
Undrilled
Target
Under-
Drilled
Target
300 m
View looking to the southwest at the 3D models of the Dana North, South and Pine Zones. Note that the
view is along the strike direction of the Pine Zone and that Dana South is separated from Dana North by a
fault.
Undrilled and under-drilled exploration targets remain to be tested down-
dip of Dana South and down-plunge of Dana North
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 20Additional Deep Drilling Potential
• Lac des Iles Mine shipping PGM
concentrate
800 km to Sudbury for >20 years
• Sudbury mines producing PGMs as a by-
product of Ni-Cu mining for >60 years
• The average maximum drilling depth at
River Valley is only 220 m below surface;
deepest hole (DS001) ended in PGM
mineralization at about 575 m depth
below surface in Dana South Zone
• Drilling more such deep holes could
open up underground mining potential
at the River Valley Project
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 21River Valley Project Development Plan
PEA (2019) PFS (2021-2022) FS (2022-2023)
• Drilling • Updated MRE & Mineral • Advanced Metallurgy
• Environmental Reserves • Advanced Mine Design
• Metallurgy • Updated Metallurgical and Mineral Reserves
• Geotechnical Studies (incl. Rh) • Environmental Impact
• Geotechnical & Statement
Environmental
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 22Competitive Advantages
• 100% ownership of a multi-million ounce district scale North
American Palladium asset
• 2.9 Moz PdEq (Measured + Indicated) plus 1.1 Moz PdEq (Inferred)
• Location – 100 km north east of Sudbury metallurgical complex
whose major facilities have available capacity to take River Valley
concentrates
• $40M invested to date at River Valley Palladium Project
• Positive Preliminary Economic Assessment (PEA) complete
based on $1,200 Pd/oz
• Current Pd price (May 10, 2021) = $2,900/oz
• Prefeasibility Study expected completion H1 2022
• Blue-sky exploration upside along 16 km contact, in the footwall
and at depth below the known mineralization
NAM GEOLOGISTS AT TRENCH 8 NORTH OF DANA NORTH ZONE
NAM GEOLOGISTS AT TRENCH 8 NORTH OF DANA NORTH ZONE
Q4 2021 23THANK YOU
FOR MORE INFORMATION CONTACT US AT
:
1-613-659-2773
info@newagemetals.com
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Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 24APPENDICES
MINERAL RESOURCE ESTIMATES 2021 NOTES
RIVER VALLEY PALLADIUM PROJECT 1. Mineral Resources that are not Mineral Reserves do not
have demonstrated economic viability
2. The estimate of Mineral Resources may be materially
Tonnes Au NSR affected by environmental, permitting, legal, title,
Pd g/t Pt g/t Rh g/t Cu % Ni % Co % taxation, socio-political, marketing, or other relevant
’000 g/t (C$/t) issues
3. The Inferred Mineral Resource in this estimate has a
Measured 15,488 0.70 0.25 0.02 0.05 0.1 0.02 0.003 59.54 lower level of confidence than that applied to an
Indicated Mineral Resource and must not be converted
to a Mineral Reserve. It is reasonably expected that the
Indicated 74,152 0.51 0.20 0.02 0.04 0.1 0.01 0.002 45.08 majority of the Inferred Mineral Resource could
potentially be upgraded to an Indicated Mineral
Resource with continued exploration
Measured + 4. The Mineral Resources were estimated in accordance
89,640 0.54 0.21 0.02 0.04 0.1 0.01 0.002 47.58 with the Canadian Institute of Mining, Metallurgy and
Indicated Petroleum (CIM), CIM Standards on Mineral Resources
and Reserves, Definitions (2014) and Best Practices
Inferred 94,268 0.35 0.16 0.01 0.03 0.00 0.02 0.002 Guidelines (2019) prepared by the CIM Standing
Committee on Reserve Definitions and adopted by the
CIM Council. Numbers may not add exactly due to
rounding
Pd Moz Cu Mlbs Ni Mlbs Co Mlbs 5. The Mineral Resource Estimate is based on US$ metal
prices of $1,850/oz Pd, $900/oz Pt, $1,600/oz Au,
Measured 0.347 23.700 5.200 0.900 $3.00/lb Cu, $16/lb Co, $6.50/lb Ni, $8,000/oz Rh,
$18.50/oz Ag. The US$:CDN$ exchange rate used was
0.75.
Indicated 1.221 91.000 22.700 4.000 6. The NSR estimates use flotation recoveries of 80% for Pd,
80% for Pt, 80% for Au, 85% for Cu, 25% for Co, 90% for
Measured + Ni, 80% for Rh and 65% for Ag and smelter payables of
1.568 114.700 27.900 4.900 80% for Pd, 80% for Pt, 85% for Au, 85% for Cu, 50% for
Indicated Co, 90% for Ni, 80% for Rh and 65% for Ag.
7. The pit optimization used a mining cost of $2.25/t mined,
Inferred 1.073 88.100 42.000 3.300 combined processing and G&A costs of CDN$15/t, and pit
slopes of 50º. The out-of-pit Mineral Resources used
underground mining, processing and G&A cost of
CDN$50/t.
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 26BOARD OF DIRECTORS
HARRY BARR COLIN BIRD CHRIS BERLET
CHAIRMAN & CEO DIRECTOR DIRECTOR
Founder, Chairman and CEO of International Metals 30+ years of international experience in developing, Currently serving as the President & CEO, Director of
Group financing, operating and managing nickel, copper, Canuc
gold and coal mines Resources, and Stakeholder Gold Corp.
30+ years of experience in the mining industry, focus
on acquisition, finance and development of mineral A UK chartered mining engineer 30 years of experience in both finance and the
projects on international scale mineral industries
Currently serving as Non-Executive Chairman of
Oversaw over 300 option/joint venture agreements Jubliee Metals Group, Executive Chairman of Xtract Graduate of Mining Engineering from Queen’s
with major, mid-tier, and junior mining companies Resources, Galileo Resources, Bezant Resources and University (Canada); Diploma in Accounting & Finance
Tiger Royalties and Investments from London School of Economics and Political
Science (UK); CFA Charter Holder (USA)
JOHN LONDRY RON HIEBER
DIRECTOR DIRECTOR
Held senior positions with Camflo, Noranda Former head of worldwide exploration for Anglo
Exploration, Hemlo Gold Mines, and Battle Mountain Platinum
Gold
Internationally recognized expert, in Platinum Group
30 years of experience in both finance and the Metals
mineral industries
Geology graduate of Rhodes University, South Africa;
Received his B.Sc. and M.Sc. degrees in Geology from PGM Specialist
the University of Windsor
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 27NEW AGE LEADERSHIP
HARRY BARR BILL STONE, PHD, P. Geo.
CHAIRMAN & CEO CONSULTING GEOSCIENTIST, PGM SPECIALIST
ROBERT GUANZON CAREY GALESCHUK, P. Geo.
CFO CONSULTING GEOSCIENTIST; LITHIUM, RARE METALS SPECIALIST
CHARLOTTE BROWN RICHARD ZEMOROZ
CORPORATE SECRETARY PROJECT GEOLOGIST
CODY HUNT, BASc CURT FREEMAN
VICE PRESIDENT, BUSINESS DEVELOPMENT CONSULTING GEOLOGIST
GORDON CHUNNET, ALI HASSANALIZADEH, M.Sc., P.
B.Sc. Geo., MBA
PGM SPECIALIST, ADVISOR ADVISORY BOARD, CONSULTING GEOLOGIST
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 28Palladium Market
Fundamentals
PALLADIUM PRICE (USD)
• Supply deficit since 2012. Auto
industry demand ~85%. Temporary
auto chip shortage decreasing
demand for palladium. Forecasted 2010 2012 2014 2016 2018 2020
recovery expected in H2 20222 0
-600
• More valuable than gold -1,200
-1,800
• Favourable outlook due to tightening PALLADIUM DEFICIT (’000 oz) 1
emissions legislation
• Hybrid cars require more palladium
than conventional internal
combustion engine vehicles
Catalytic Converter
29Platinum Group Metals (PGM’s):
North America’s Major Producers
Impala Canada Sibanye Stillwater
Formerly North American
Palladium.
Q4 2021 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 30You can also read
