The TSX Venture Exchange has accepted for filing an option agreement dated July 15, 2022, between New Energy Metals Corp. and an arm's-length party, whereby the company will acquire 26 mineral claims located in the Omineca mining division of British Columbia, known as the Troitsa property, for the consideration of $220,000 cash ($70,000 in the first year) and the issuance of 1.6 million shares (600,000 shares in the first year) over three years. Further, 600,000 shares may be issuable based on certain milestones. Any additional share issuance is subject to the exchange approval.