Emerging Growth Research Publishes Update on Newton Golf’s Pole Canyon Option and Critical Minerals Strategy

EGR’s narrower loss-per-share estimates reflect additional shares, with no expected change to revenue or operating income.

Rhea-AI Summary

Newton Golf (NASDAQ:NWTG) is the subject of a company-sponsored Emerging Growth Research update examining its Pole Canyon acquisition option. On September 24, 2026, Newton announced completion of a transaction granting the option over the Nevada beryllium-tungsten property. It issued shares equal to 19.9% of its issued and outstanding common stock; EGR estimates approximately 1.13 million shares.

Newton plans no mining operations at this time and intends to consider strategic agreements. Historical mineral estimates remain independently unverified by Newton. EGR left revenue forecasts unchanged and expects no operating-income effect. The additional shares narrow its estimated loss per share to $1.23 from $1.37 for FY2026 and $0.38 from $0.42 for FY2027, rather than reflecting improved operations. Newton continues to generate negative cash flow and may need additional capital.

2 points · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 6 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointThe completed transaction grants Newton an option to acquire Pole Canyon, entering the U.S. critical minerals sector.
• Minor point. Forward-looking: it has not happened yet and may not happen.Newton intends to consider strategic agreements, with the option limiting near-term operating and capital commitments.

Negative

• Major pointShares equal to 19.9% of issued and outstanding common stock were issued for the option, diluting holders.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Newton continues to generate negative cash flow and may need additional capital for growth plans.
• Minor point. Forward-looking: it has not happened yet and may not happen.EGR’s estimated losses narrow to $1.23 for FY2026 and $0.38 for FY2027 solely from additional shares.
• Minor pointPole Canyon remains early-stage; mining is not underway, and Newton has not independently verified historical mineral estimates.
• Minor pointGolf-equipment demand faces exposure to consumer preferences and sentiment because purchases are discretionary.
• Minor point. Forward-looking: it has not happened yet and may not happen.Company-sponsored research cost $15,000 paid; EGR expects another $15,000 over the following six months.

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Details

Market Reaction – NWTG

$0.94 – $1.04 Day Range

$5.71M Market Cap

On Oct 16, the day this news came out, the latest delayed price for NWTG is 3.06% above the previous close. Our momentum scanner has recorded 4 alerts for this stock so far that day. The latest delayed price is $1.01.

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Key Figures

Shares issued: 19.9% of issued and outstanding common stock Estimated shares issued: Approximately 1.13 million shares FY:26 loss-per-share estimate: $(1.23) per share (from $(1.37)) +5 more

Shares issued

19.9% of issued and outstanding common stock

Consideration for the Pole Canyon option

Estimated shares issued

Approximately 1.13 million shares

EGR estimate based on its prior end-Q3:26 shares-outstanding estimate

FY:26 loss-per-share estimate

$(1.23) per share (from $(1.37))

EGR estimate

FY:27 loss-per-share estimate

$(0.38) per share (from $(0.42))

EGR estimate

Historical tonnage estimate

Approximately 281,725 tons

Pole Canyon historical estimate; not independently verified by Newton Golf

Beryllium oxide grade

0.75%

Pole Canyon historical estimate; not independently verified by Newton Golf

Tungsten trioxide grade

0.30%

Pole Canyon historical estimate; not independently verified by Newton Golf

Research compensation

$15,000 paid; an additional $15,000 expected

EGR compensation; additional payment expected over the following six months

Key Terms

earnings-per-share, unpatented lode claims, beryllium oxide, tungsten trioxide

4 terms

earnings-per-share financial

"the effect of the associated share issuance on EGR's earnings-per-share estimates"

Earnings-per-share (EPS) is a company’s net profit allocated to each outstanding common share for a reporting period: calculated by taking net income minus any preferred dividends and dividing by the weighted average number of common shares outstanding during that period. Basic EPS uses only actual shares outstanding, while diluted EPS adjusts the denominator (and sometimes the numerator) to include the potential effect of convertible securities, stock options, warrants and other instruments that could increase the share count if converted or exercised. Because EPS depends on accounting items (net income), one company’s EPS can be affected by noncash charges, one-time gains or changes in share count rather than changes in underlying business activity.

unpatented lode claims technical

"16 unpatented lode claims across approximately 330 acres"

A lode claim is a legal claim to a vein, lode, seam or other rock-in-place deposit of valuable minerals; an unpatented lode claim grants the holder the right to prospect for and extract those minerals on public land but does not transfer ownership of the surface or underlying land. Unpatented claims are created and maintained by compliance with statutory and administrative rules (filing, discovery of a mineral deposit, and payment of fees or performance of work) and remain subject to federal and state mining and environmental laws, third-party surface rights, and the risk of forfeiture or challenge if maintenance rules are not met.

beryllium oxide technical

"281,725 tons grading 0.75% beryllium oxide"

Beryllium oxide is a white ceramic chemical compound made from beryllium and oxygen, prized for very high thermal conductivity combined with electrical insulation—think of it as a material that conducts heat like metal but does not conduct electricity. It matters to investors because those properties make it useful in high‑performance electronics, aerospace and specialty ceramics, while its recognized health hazards and strict handling regulations can create compliance costs, supply constraints or liability exposure for companies that make or use it.

tungsten trioxide technical

"and 0.30% tungsten trioxide"

Tungsten trioxide (chemical formula WO3) is a stable, inorganic oxide of tungsten that appears as a yellowish powder and is used as a raw material and functional ingredient in products like catalysts, electrochromic (light-switching) glass, sensors, pigments and as a precursor to metallic tungsten. Investors care because it is a strategic industrial feedstock: its availability and price influence the costs and margins of manufacturers and mining producers tied to electronics, specialty chemicals and hard metals—think of it as a key recipe ingredient whose scarcity or price swings can affect many downstream businesses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK CITY, NY / ACCESS Newswire / October 16, 2026 / Emerging Growth Research ("EGR") today announced the publication of a company-sponsored Flash Report covering Newton Golf Company, Inc. (NASDAQ:NWTG), a technology-focused golf equipment company that develops and sells premium golf shafts, putters and related products.

The report examines Newton Golf's recently announced option to acquire the Pole Canyon project, a historic beryllium-tungsten property located in White Pine County, Nevada. It also discusses the Company's move into the U.S. critical minerals sector and the effect of the associated share issuance on EGR's earnings-per-share estimates.

Key Highlights

• Pole Canyon Option - On September 24, 2026, Newton Golf announced it had completed a transaction granting it an option to acquire the Pole Canyon project, a historic beryllium-tungsten property in White Pine County, Nevada. The transaction represents the Company's entry into the U.S. critical minerals sector.
• Consideration - In connection with the option, Newton Golf issued shares equal to 19.9% of its issued and outstanding common stock. Using EGR's previous estimate of shares outstanding at the end of Q3:26, the issuance is estimated at approximately 1.13 million shares.
• Critical Minerals - Beryllium appears on the U.S. Geological Survey's 2025 List of Critical Minerals, while tungsten is included on the U.S. Department of Energy's 2023 Final Critical Materials List. Both materials have applications in aerospace, defense and advanced manufacturing.
• Project Overview - Pole Canyon is a past-producing property comprising 16 unpatented lode claims across approximately 330 acres, about 50 miles southeast of Ely, Nevada. Historical materials describe a mineralized system extending for more than 4,000 feet and reportedly open along strike and at depth. They also cite a historical estimate of approximately 281,725 tons grading 0.75% beryllium oxide and 0.30% tungsten trioxide. Newton Golf has not independently verified these historical estimates.
• Strategy - Newton Golf has stated that it does not plan to begin mining operations at this time. The Company instead intends to consider potential strategic agreements, with the option structure providing exposure to the project while limiting near-term operating and capital commitments.
• Estimate Updates - EGR does not expect the transaction to affect the Company's revenue or operating income and has not changed its revenue forecasts. Reflecting the additional shares outstanding, EGR's FY:26 loss-per-share estimate narrows to $(1.23) from $(1.37), and its FY:27 estimate narrows to $(0.38) from $(0.42).
• Risks - Newton Golf continues to generate negative cash flow and may need to obtain additional capital to support its growth plans. Demand for its products may be affected by shifts in consumer preferences and sentiment, as golf equipment is discretionary. The Pole Canyon option is at an early stage, mining is not currently underway, and there can be no assurance the project will generate value for the Company.

The full Newton Golf Company Flash Report from Emerging Growth Research is available at:

https://app.accessnewswire.com/media/1237957/nwtg-flash-report101526.pdf

or

https://emerginggrowth.com/profile/nwtg/ (on the right side of the page as you scroll down)

About Newton Golf Company, Inc.

Newton Golf Company, Inc. (NASDAQ:NWTG) is a technology-forward golf equipment manufacturer. The Company designs, manufactures and sells performance golf equipment, including premium golf shafts and putters. Newton Golf sells its products through direct-to-consumer channels, professional club fitters, distributors, golf retailers and other channels, with distribution primarily in the United States and additional international markets including Japan and South Korea.

About Emerging Growth Research

Emerging Growth Research LLC ("EGR") is a research firm focused on emerging growth companies, including small-, micro- and nano-cap companies across healthcare, biotechnology, energy, metals and mining, technology and other emerging industries. EGR provides research reports, quarterly updates, flash reports and other investor-focused content covering emerging growth companies.

Emerging Growth Research also provides company-sponsored research services. The research referenced in this press release is company-sponsored research.

Contact:
Emerging Growth Research
Research@EmergingGrowth.com
www.EmergingGrowth.com

Forward-Looking Statements

This press release contains forward-looking statements concerning Newton Golf's business operations, the Pole Canyon option and potential strategic alternatives, financial performance, share issuance and future growth. These statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied. Important risk factors include the Company's need for additional capital, consumer demand and preferences, the early-stage nature of the Pole Canyon project and the unverified nature of historical estimates, the Company's ability to identify and execute strategic alternatives, and dilution from share issuances.

Disclosure

This report was prepared for institutional and professional investors ONLY, and it is also known as Company Sponsored Research ("CSR"). Collectively, however ("EGR Report(s)").

Be advised that this EGR Report is being provided by Emerging Growth Research LLC (EGR) solely for informational purposes, is not the opinion of EmergingGrowth.com (EG), should not be construed as an offer or solicitation to buy or sell securities, and should not be considered in any decision to buy or sell any security mentioned within the EGR Reports. All information contained in the EGR Report as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive, timely, or correct. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. Because EGR is compensated as detailed herein and EG receives Licensing fees from EGR, as also detailed herein, EG and EGR have a conflict of interest and strongly urge you to consult your own independent financial, investment, tax, and legal advisors prior to purchasing or selling any securities mentioned herein.

The analyst that has prepared and is responsible for the content of this report has stated that neither he/she, nor any of his/her associates both professional and personal, to the best of his/her knowledge have no personal or professional relationship with any of the companies or principals of any companies mentioned within, other than providing services that EGR may offer.

EGR is being compensated by the subject Company of this report. EGR was paid fifteen thousand dollars and expects to receive an additional fifteen thousand dollars over the following six months. EGR may have also received additional past compensation, EGR may receive future compensation, and EG may receive compensation for additional services such as presenting on the Emerging Growth Conference or investor or public relations services, details about which can be found in the full disclosure, here: https://emerginggrowth.com/nwtg-egr-report-disclosure/.

It is the intent of EGR to provide continuing coverage on a quarterly basis, or otherwise for the subject Company of this report; however, EGR and EG will not notify readers of this report if coverage by EGR, for any reason is terminated.

The reader or user of this content agrees that neither EGR and / or EG nor the analysts, directors, officers, employees, representatives, independent contractors, agents or affiliates of EGR and EG shall be liable or held liable for any omissions, errors, or inaccuracies, regardless of cause, foreseeability, or the lack of timeliness of this or any of our other reports to users. This lack of liability extends to direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, losses, lost income, lost profit, or opportunity costs.

Again, all information contained herein should be independently verified by your own research and your own independent financial, investment, tax, and legal advisors prior to purchasing or selling any securities mentioned herein.

In addition to the specific disclosures mentioned herein, you are encouraged to read our general disclosure here: EmergingGrowth.com/Disclosure.

Rating Definitions

Buy, 30% or greater price appreciation in the next 12 months.

Buy-Extended, near-term EPS and/or revenue horizon is challenging with strong long-term appreciation possibility.

Buy-Emerging, initial stages with low revenue and the potential for large returns with higher risk and volatility.

Hold, perform similar to market.

Sell, 30% or more decline in the next 12 months.

© Copyright 2026 Emerging Growth Research LLC

No part of this material may be copied, photocopied, or duplicated in any form by any means or redistributed without the prior written consent of Emerging Growth Research LLC.

SOURCE: Newton Golf Company, Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Newton Golf issue for the Pole Canyon acquisition option?

Newton issued shares equal to 19.9% of its issued and outstanding common stock in connection with the option. EGR estimates approximately 1.13 million shares, using its previous estimate of shares outstanding at the end of Q3 2026.

Why did EGR narrow Newton Golf’s loss-per-share estimates?

EGR narrowed its loss-per-share estimates because of additional shares outstanding, not an expected improvement in operating income. Its FY2026 estimate changed to a loss of $1.23 from $1.37 per share, and FY2027 changed to a loss of $0.38 from $0.42. Revenue forecasts remain unchanged.

What historical mineral estimates are reported for Newton Golf’s Pole Canyon property?

Historical materials cite approximately 281,725 tons grading 0.75% beryllium oxide and 0.30% tungsten trioxide, which Newton has not independently verified. The past-producing property comprises 16 unpatented lode claims across approximately 330 acres, about 50 miles southeast of Ely, Nevada.