It is almost always seen as a significant development if the top executive of a company goes on a popular media channel to deliver significant updates. On June 13, New Age Metals (OTC:NMTLF) (NAM.V) came into focus after its Chief Executive Officer Harry Barry went to Proactive for an interview with Steve Darling.
He noted during the interview that New Age Metals had announced the results from the second phase of the drilling initiative at its Lithium Two project located in Manitoba. The program had been launched in March this year and involved the drilling of as many as 16 holes for just beyond 3000 meters. The drilling also tested the down dip extension of the high-grade zone containing Eagle Pegmatites.
At the interview, Barr noted that the company had been successful in intersecting spodumene-bearing pegmatite in all the drill holes that it had targeted. In fact, it had also been observed that there had been a consistent steeply dipping orientation. More importantly, the company’s CEO also noted that the company had already applied for drilling permits for the winter 2024 season. It remains to be seen if the New Age Metals stock comes into focus today.