NMTLF New Age Metals Inc (QB)

CUSIP No. 694916107

(1)     Names of reporting persons
        Sprott Asset Management LP

(2)     Check the appropriate box if a member of a group (a)  [ ]
                                                         (b)  [x]
(3)     SEC use only

(4)     Citizenship or place of organization
        Ontario, Canada

Number of       (5)     Sole voting power   3,166,667
shares
beneficially    (6)     Shared voting power 0
owned by
each            (7)     Sole dispositive power  3,166,667
reporting
person with:    (8)     Shared dispositive power 0

(9)     Aggregate amount beneficially owned by each reporting person  3,166,667


(10)    Check if the aggregate amount in Row (9) excludes certain shares [ ]

(11)    Percent of class represented by amount in Row (9)
        3.0%

(12)    Type of reporting person
        IA


Item 1  (a).    Name of issuer:
                Pacific North West Capital Corp.

Item 1  (b).    Address of issuer principal executive offices:
                650-555 West 12th Avenue, Vancouver, BC V6M 2A3

Item 2  (a).    Name of person filing:
                Sprott Asset Management LP

Item 2  (b).    Address of principal business office or, if none, residence:
                2700-200 Bay Street, Royal Bank Plaza South Tower,Toronto, ON M5J 2J1

Item 2  (c).    Citizenship:
                Canada

Item 2  (d).    Title of class of securities:
                Common Shares

Item 2  (e).    CUSIP No.:
                694916107

Item 3. If this statement is filed pursuant to Rules 13d-1(b)
        or 13d-2(b) or (c), check whether the person filing is a:

        (a)[ ]  Broker or dealer registered under Section 15 of the Act;

        (b)[ ]  Bank as defined in Section 3(a)(6) of the Act;

        (c)[ ]  Insurance company as defined in Section 3(a)(19) of the Act;

        (d)[ ]  Investment company registered under Section 8 of the
                Investment Company Act of 1940;

        (e)[ ]  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

        (f)[ ]  An employee benefit plan or endowment fund in accordance with
                Rule 13d-1(b)(1)(ii)(F);

        (g)[ ]  A parent holding company or control person in accordance with
                Rule 13d-1(b)(1)(ii)(G);

        (h)[ ]  A savings association as defined in Section 3(b) of the
                Federal Deposit Insurance Act;

        (i)[ ]  A church plan that is excluded from the definition of an
                investment company under section 3(c)(14) of the Investment
                Company Act of 1940;

        (j)[ ]  A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

        (k)[ ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

        If filing as a non-U.S. institution in accordance with Rule
        13d-1(b)(1)(ii)(J), please specify the type of institution: ___________

Item 4. Ownership.

        (a)     Amount beneficially owned: 3,166,667


        (b)     Percent of class:
                3.0%

        (c)     Number of shares as to which the person has:

                (i)  Sole power to vote or to direct the vote: 3,166,667

                (ii) Shared power to vote or to direct the vote: 0

                (iii)Sole power to dispose or to direct the disposition of: 3,166,667

                (iv) Shared power to dispose or to direct the disposition of: 0

Item 5. Ownership of 5 Percent or Less of a Class.
        If the statement is being filed to report the fact that as of the date
        hereof the reporting person has ceased to be the beneficial owner of
        more than 5 percent of the class of securities, check the following [x]

Item 6. Ownership of More than 5 Percent on Behalf of Another Person.
        Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on by the Parent Holding Company or Control Person.
        Not Applicable.

Item 8. Identification and Classification of Members of the Group.
        Not Applicable.

Item 9. Notice of Dissolution of Group.
        Not Applicable.

Item 10.Certifications.

        By signing below I certify that, to the best of my knowledge and belief,
        the securities referred to above were not acquired and are not held for
        the purpose of or with the effect of changing or influencing the control
        of the issuer of the securities and were not acquired and are not held
        in connection with or as a participant in any transaction having that
        purpose or effect.



                                        SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.



                                February 7, 2013
                                ------------------
                                        Date

                                SPROTT ASSET MANAGEMENT LP,
                                by its General Partner,
                                SPROTT ASSET MANAGEMENT GP INC.


                                By: _____________________________
                                Name: /s/ Kirstin McTaggart
                                Title: Chief Compliance Officer