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Copper And Lithium Explorer (NRGYF) Requires Immediate Attention After Recent "Positive Results" Announcement

May 24th

SCF Readers,

It's Wednesday AM and it's time to dance.

Right now, you'll need to prepare yourself for a complete report and exploration company to get on your radar quickly.

But before we get too far along, did you happen to see Monday's breakout idea?

Running approximately 41% intraday from an open of $.92 to a high of $1.30, the week got kicked off on a major note and could be on the verge of going full supernova.

Why? This tiny-sized profile (under $.15) has over 100% potential upside to its 52-week high (which it set rather recently).

And with a market cap under $5Mn as of yesterday's close and a relatively low float of fewer than 35Mn, volatility could become present at the drop of a hat.

Factor in some recently announced "positive results" from a key exploration program that is driving forward further exploration, and it may just be a matter of time until this company starts really attracting Wall Street's attention.

Drop everything right now and pull up:

*New Energy Metals Corp. (NRGYF)*

New Energy is a Canadian-based resource company. The Company has an option to purchase a 100% interest in the Roslyn lithium property, covering 5,100 hectares located 20 kilometers southeast of the Georgia Lake pegmatite field and 35 kilometers southeast of where Rock Tech Lithium just published a preliminary economic assessment supporting the indicated mineral resource of 10.6 Mt (million tons) grading 0.88 per cent lithium oxide and an inferred mineral resource of 4.2 Mt grading 1.0 per cent Li2O.

The Company also has an option to purchase a 100% interest in the Troitsa copper property covering approximately 7,000 hectares located in the Omineca mining division of British Columbia.

And right now, NRGYF has 4 key potential catalysts to soak in. Check them out:

#1. - Positive Results From Troitsa Project Could Lead To Further Exploration

#2. - NRGYF Has A Low Float Which Means Volatility Needs To Be On Watch

#3. - Company Officially Closes Acquisition Of Roslyn Property (Lithium Project)

#4. - New Faces Could Deliver Significant Value To The Company

But more on those in a second...

New Energy Metals Corp.'s Key Projects

Roslyn Lithium Property, Georgia Lake Pegmatite Field, Ontario

The Roslyn Lithium Property is located 50 km northeast of Nipigon, northwestern Ontario. The Property is located 20 km southeast of the Georgia Lake Pegmatite Field and 35 km southeast of where Rock Tech Lithium just published a PEA supporting the indicated mineral resource of 10.6 Mt (million tonnes) grading 0.88% Li2O and an inferred mineral resource of 4.2 Mt grading 1.0% Li2O.

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Roslyn Lithium Project

The Property consists of 12 claims (254 cells) comprising 5,100 hectares. The following salient features make the Property a high merit for hosting lithium-bearing pegmatites:

1) A muscovite-bearing granite is host to the Property, an S-type peraluminous fertile parental granite according to Breaks et al., 20031 and in contact with metasediments which make excellent hosts for pegmatites. Numerous faults transect the Property providing excellent pathways for granitic melts and evolving pegmatites.

2) The Roslyn Lithium Property sits approximately 35 km southeast of the Georgia Lake Pegmatite field where several lithium deposits and occurrences are being explored and developed by Rock Tech Lithium, Ultra Lithium and Infinite Ore Corp.

3) Breaks et al., 20082 described the Georgia Lake pegmatite field as the largest concentration of rare element mineralization in the Superior Province. The 32 x 105 km pegmatite field hosts 38 rare-element occurrences and 10 spodumene pegmatite deposits and occurrences. Breaks added that further exploration is recommended.

4) Several white pegmatites with garnet and tourmaline have been documented and mapped on the Property by the OGS in 1970 (Ontario Department of Mines map M2293). These are very good indications of fertile granitic melts.

5) The Property has logging road access from the Trans-Canada Highway 11.

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Troitsa Copper Property, Central British Columbia

Active property and region into the 1970s. Only one major period of drilling on the property in 2011-12. 21 claims totaling 5,111 ha for Troitsa Property Tenures and MINFILE Occurrences.

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Troitsa Copper Project

  • Excellent Exploration Potential
  • Magnetic anomaly outlines large intrusion mapped by BC Geological Survey
  • A dozen, untested large, coincident IP chargeability & resistivity anomalies
  • Outside the Main Zone, exploration largely limited to prospecting
  • Retreating glaciers exposing new areas near mineralization since 2012 work
  • Airborne ZTEM survey completed over area

Get more key details here.

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And right now, a handful of key potential NRGYF catalysts need to be observed. Check them out:

#1. NRGYF Potential Catalyst - Positive Results From Troitsa Project Could Lead To Further Exploration

New Energy Metals Reports Encouraging Results from Troitsa Copper Project

VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NRGYF) (“New Energy” or the “Company”) is pleased to announce positive results from its 2022 exploration program on the Troitsa Copper Project (“Troitsa” or the “Project”). The program, which included extensive geological mapping and sampling, confirmed historic channel and drill intercepts defining the Main Zone, with 26 samples averaging 0.61% copper.

Troitsa is located 30 kilometers south of the advanced-stage Berg porphyry copper deposit, and 15 kilometers southwest of the Huckleberry past-producing porphyry copper-moly deposit and the nearby Ox and Seel developed porphyry copper prospects (Fig. 1). Troitsa is a promising copper porphyry exploration project which has had significant potential for future development confirmed by our latest exploration program, which focused on finding extensions to the Main Zone (Fig. 2) where the most continuous high-grade copper mineralization was discovered.

Highlights:

  1. New Main Zone sampling averages 0.61% Cu and 909 ppm Mo in 26 samples in and around a porphyry dyke.
  2. The Trogold showing may be an extension of Main Zone geology over 2 kilometers to the southeast where disseminated chalcopyrite was discovered in porphyry dykes (e.g., 0.15% Cu and 0.87% Cu) at the centre of a zone of sulphide veinlets in the stock (0.57% Cu, 0.76% Cu).
  3. Gold mineralization is confirmed at Trogold in two samples (6.5 g/t Au and 2.9 g/t Au).
  4. Peripheral-zone porphyry Pb-Zn mineralization confirmed at Astiort, Tro and Troitsa Easter.

"We are excited to report these positive results from our 2022 exploration program on the Troitsa Copper Project,” said Rishi Kwatra, CEO. “The Main Zone has consistently shown high-grade copper mineralization, and these latest results are a testament to the significant potential of this Project."

The average copper grade of 0.61% in 26 out of 31 samples (capped at 1.4% Cu) taken from the Main Zone in the 2022 program is consistent with previous exploration programs and indicates the presence of significant copper mineralization in the area.

New Energy is now planning further exploration and development work on the Project, with the aim of expanding the Main Zone mineralization.

...

Read the full article here.

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#2. NRGYF Potential Catalyst - NRGYF Has A Low Float Which Means Volatility Needs To Be On Watch

According to the Yahoo Finance website, NRGYF has a relatively low float.

The website reports this profile to have approximately 31.14Mn shares in its float.

Why is that important? It's important on one crucial level. Volatility.

Could more positive company news in 2023 provide a near term spark?

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#3. NRGYF Potential Catalyst - Company Officially Closes Acquisition Of Roslyn Property (Lithium Project)

New Energy Metals Announces Closing of the Roslyn Property Acquisition

Vancouver, British Columbia–(Newsfile Corp. – March 1, 2023) – New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NRGYF) (“New Energy Metals” or the “Company”) is pleased to announce that further to its December 6, 2022, February 14, and February 22, 2023 news releases, it has closed the acquisition of the Roslyn Lithium Property (the “Roslyn Property”) pursuant to an Assignment and Assumption Agreement (the “Agreement”) with an arm’s length party (the “Assignor”) dated December 6, 2022.

The Roslyn Property is subject to an option agreement (the “Underlying Agreement”) with arms-length vendors. The Roslyn Property is comprised of 12 claims (254 cells) totaling approximately 5,100 hectares located 50 kilometers northeast of Nipigon, Northwestern Ontario. ...

...

Read the full article here.

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#4. NRGYF Potential Catalyst - New Faces Could Deliver Significant Value To The Company

New Energy Metals Announces New Director and Chief Financial Officer

Vancouver, British Columbia–(Newsfile Corp. – March 3, 2023) – New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NEMCF) (“New Energy” or the “Company”) is pleased to announce the appointment of Keenan Hohol to New Energy’s Board of Directors effective immediately.

Mr. Hohol is a lawyer and executive with over 20 years of international advisory experience, with a record of achievements in the areas of mergers and acquisitions and corporate transactions, corporate governance and corporate development, legal and regulatory compliance, risk management, litigation management, business ethics and anti-corruption, and corporate social responsibility. Mr. Hohol’s previous executive roles include General Counsel, Global Exploration, BHP Billiton; Global Head of Legal, Western Coal and interim General Counsel at Walter Energy; Vice-President, Legal and General Counsel, for Silver Standard Resources; and General Counsel, for Pan American Silver.

...

Mr. Kwatra continued, “We are very pleased to have someone with Keenan’s professional background join New Energy Metals. His expertise in the mining industry and various leadership roles will be of great value to the Company as we continue to execute on our strategy and advance our exploration projects.

The Company is also pleased to announce the appointment of Nilda Rivera as Chief Financial Officer and Corporate Secretary effective immediately.

Ms. Rivera has over 20 years of experience in corporate and operational finance and managed publicly listed companies in the areas of accounting, finance, regulatory compliance and corporate governance. She was involved in IPOs, RTOs and mergers and acquisitions in several industries including cann-a-bis, he-mp, resource and technology, and assisted various start-up companies in achieving public listings on the CSE, TSXV and OTC, and their uplisting to the TSX and NYSE. Ms. Rivera is currently CFO of Cloud Nine Web3 Technologies Inc. Previously, she served as Vice President of Finance and Corporate Secretary at Aurora Cannabis Inc. where she was instrumental in building its finance team, and involved in completing its early equity and debt financings and its uplisting to the TSX and NYSE. She has also served as CFO, Corporate Secretary and a director for several public mining and exploration companies.

We are very pleased to welcome Nilda to New Energy’s executive team,” stated Rishi Kwatra, CEO. “Her caliber and extensive experience in corporate finance will be of great benefit to us as we move the Company forward.

...

Read the full article here.

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NRGYF Recap - Top 4 Potential Catalysts To Know Right Now

#1. - Positive Results From Troitsa Project Could Lead To Further Exploration

#2. - NRGYF Has A Low Float Which Means Volatility Needs To Be On Watch

#3. - Company Officially Closes Acquisition Of Roslyn Property (Lithium Project)

#4. - New Faces Could Deliver Significant Value To The Company

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Coverage is officially initiated on NRGYF. When time permits, do this:

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Get NRGYF on your radar now.

Sincerely,

Axel Adams

Editor, SCF


(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

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