14:01:20 EDT Thu 08 Jun 2023
Enter Symbol
or Name

New Energy Metals Corp (2)
Symbol ENRG
Shares Issued 34,146,767
Close 2023-03-20 C$ 0.36
Recent Sedar Documents

New Energy Metals hires ITG as market maker

2023-03-21 09:50 ET - News Release

Mr. Rishi Kwatra reports


New Energy Metals Corp. has entered into a market-making agreement with Independent Trading Group Inc. (ITG) pursuant to which ITG will provide market-making services to the company. ITG will trade the shares of the company on the TSX Venture Exchange and other marketplaces, as applicable, to maintain a reasonable market and improve liquidity for the company's common shares. The agreement is effective March 16, 2023, and has an initial term of three months which will automatically renew for additional one-month terms unless terminated by either party on 30 days notice. Pursuant to the agreement, ITG will receive compensation of $5,000 per month, payable monthly in advance.

In addition, the company has entered into a service agreement with Native Ads Inc. dated March 17, 2023, pursuant to which Native Ads will provide a marketing campaign for a total retainer of up to $250,000 (U.S.), with a term of six months or until the retainer is depleted. Under the agreement, Native Ads will execute a comprehensive digital media advertising campaign for the company which includes content creation, Web development, media buying and distribution, advertising creative development, search engine optimization, campaign reporting, and optimization.

ITG and Native Ads (the service providers) will provide services in accordance with the policies of the exchange. There are no performance factors contained in the service providers' agreements, and they will not receive shares, options or other securities as compensation.

The company is at arm's length with the service providers, and neither of the service providers nor their principals have any interest, directly or indirectly, in the securities of the company or any right or intent to acquire such an interest.

The agreements with the service providers are subject to the approval of the exchange.

About New Energy Metals Corp.

New Energy Metals is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ENRG. The company has an option to purchase a 100-per-cent interest in the Roslyn lithium property, covering 5,100 hectares located 20 kilometres southeast of the Georgia Lake pegmatite field and 35 km southeast of where Rock Tech Lithium just published a preliminary economic assessment supporting the indicated mineral resource of 10.6 Mt (million tonnes) grading 0.88 per cent Li2O (lithium oxide) and an inferred mineral resource of 4.2 Mt grading 1 per cent Li2O. The company also has an option to purchase a 100-per-cent interest in the Troitsa copper property covering approximately 7,000 hectares located in the Omineca mining division of British Columbia.

We seek Safe Harbor.

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