New Energy Metals Engages Independent Trading Group And Native Ads Inc.
Vancouver, British Columbia – (March 21, 2023) – New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NEMCF) (“New Energy” or the “Company“) is pleased to announce that it has entered into a marketmaking 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 (the “Exchange” or “TSXV”) 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. (“Native Ads”) dated
March 17, 2023, pursuant to which Native Ads will provide a marketing campaign for a total retainer of
up to US$250,000, 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 Independent Trading Group Inc.
Independent Trading Group Inc. is a Toronto based IIROC dealer-member that specializes in market
making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic
trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has
leveraged its own proprietary technology to deliver high quality liquidity provision and execution services
to a broad array of public issuers and institutional investors.
About Native Ads Inc.
Native Ads Inc. is a full-service advertising agency that owns and operates a proprietary ad exchange with
over 80 integrated SSPs (supply-side platforms) resulting in daily access to three to seven billion North
American ad impressions. It is the only digital agency serving public companies that owns both its own ad
network, as well as a financial publisher network.
On Behalf of the Board,
NEW ENERGY METALS CORP.
Rishi Kwatra, CEO
About New Energy Metals Corp.
New Energy Metals Corp. 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% interest in the Roslyn Lithium
property, covering 5,100 hectares 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%
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.
Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward looking
statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements, or developments in the industry to differ materially from the
anticipated results, performance or achievements expressed or implied by such forward-looking
statements. Forward looking statements are statements that are not historical facts and are generally, but
not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,”
“projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could”
or “should” occur.
Forward-looking statements in this document include statements regarding the Company’s expectations
regarding the provision of services to the Company by ITG and Native Ads, the costs related thereto, the
approval of the TSX Venture Exchange of the Company’s agreement with ITG and Native Ads, and other
statements that are not historical facts. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our actual results, performance or
achievements, or other future events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors and risks include,
among others: the Company may choose to defer, accelerate, or abandon its plans with respect to ITG and Native Ads and their services; and the TSX Venture Exchange may refuse to grant approval of the
agreement with ITG and Native Ads. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and risks and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.