NeoTech Metals Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
220 – 333 Terminal Avenue Vancouver, B.C. Canada V6A 4C1 |
| Tel No.： | 403-875-6663 |
| Web Site： | www.neotechmetals.com |
| E-mail： | info@neotechmetals.com |
| Contact Person： | Reagan Glazier |
| Position： | CEO & Director |
| Traded Market： | CSE | OTCQB | FSE |
| Traded Symbol： | NTMC | NTMFF | V69O |
| Outstanding Shares： | ~61.87 Million |
| 52 Week High： | $ 1.22 |
| 52 Week Low： | $ 0.09 |
| Present Price： | Click Here |
NeoTech Metals is a mineral exploration company dedicated to discovering and developing valuable mineral resources within promising jurisdictions around the world. With a strong commitment to environmental stewardship and sustainable practices, NeoTech is positioned to make a positive impact while maximizing the potential of its exploration properties.
The Company has a diversified portfolio, including its new flagship, Hecla-Kilmer Rare Earth Element (REE) Project in northern Ontario, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and active Ontario Northway railway, along with its TREO and Foothills projects located in British Columbia. All three projects are 100 per cent wholly owned.
Hecla-Kilmer REE-Nb-Ta Project, Northern Ontario
- Just 25km from the Otter Rapids hydroelectric power station (180MW), active rail, and paved-highways. World-class carbon free energy and infrastructure paired with overwhelming support from both local communities and first nations groups.
- Notable results include 361m of 1.02% TREO, 0.13% Nb, and 23.4 ppm Ta that includes 20% PMREOs
- Significant high-grade volcanic Phosphate (7%+ intercepts) component that can be blended with lower-grade sedimentary-derived phosphates to upgrade product for export.
- Permits and fully-funded, NeoTech completed its maiden drill program at the Hecla-Kilmer project. The program conducted nearly 5,000 meters of drilling.
- The fully financed drill program aimed to extend out laterally from holes such as HK24-013, which intersected 361 metres of 1.0 per cent TREO (total rare earth oxides) (20 per cent was PMREOs (permanent-magnet rare earth oxides)) from bedrock surface, and hole HK24-008, which intersected 120 metres of 0.5 per cent TREO and 0.20 per cent Nb2O5 (niobium pentoxide) in the Pike zone. Additional drill testing in the South Rim zone and more peripheral targets was also undertaken. The company also reports that the program was completed without any safety incidents.
(See news release dated November 19, 2024)
TREO Project, British Columbia
- The TREO Property, covering 39 mineral claims, is contiguous to the Wicheeda Carbonatite Rare Earth deposit approximately 85 km northeast of Prince George, British Columbia.
- The TREO project is approximately 50 kilometres due east of Bear Lake, which touts an active railway, powerlines driven by hydroelectric projects and year-round maintained roads.
- The Wicheeda district features a development-stage rare-earth project with a positive economic assessment study, making nearby areas highly prospective for additional discoveries.
- The road-accessible property enables low-cost exploration programs with simple logistics. All sides of the mineral tenure feature forest-service roads with bridges in place, reducing the overall footprint required to conduct the Company's programs. Upcoming programs will aim to strategically target extensions in key locations in preparation of a more detailed study.
On November 25, 2024, Neotech Metals Corp. has released the assay results from the 2024 field reconnaissance program at the TREO project.
Out of the 113 rock samples collected, the assay results saw a peak value of 28.97 per cent TREO (total rare-earth oxides) with 17 samples that assayed above 1.0 per cent TREO. Additionally, numerous assays from the same sample set exhibited anomalous niobium values, with a peak of 2.91 per cent Nb2O5 (niobium pentoxide) (and 20 samples exceeding 0.15 per cent Nb2O5). All samples were sourced from bedrock/outcrop exposures within mapped carbonatites featuring iron-oxide alteration, altered phyllites and syenites. The grades of TREO and niobium were found to correlate with varying degrees of alteration.
Plans to expand on the results include off-season modelling, including 3-D projections to project and define drill targets, as well as planning additional reconnaissance work programs for the next season to both broaden and define targets.
“The consistent high-grade, at-surface results extending over four kilometres from Wicheeda Lake provide excellent definition and strong encouragement for the potential of broad zones of mineralization,” commented chief executive officer Reagan Glazier. “Our team is working diligently to advance the TREO project, enhancing our understanding of the region and ensuring the best possible outcomes for the upcoming drill program.”
Management, Directors and Advisors
Reagan Glazier, Chief Executive Officer & Director
Mr. Glazier is a mineral exploration executive with over 15 years of gold, copper, base metal, and rare-earth exploration experience in North and South America. Born and raised in Northern British Columbia, he brings a strong technical background and hands-on experience in grassroots and discovery-stage exploration projects. He currently sits on the boards of Freegold Ventures Ltd., Starr Peak Mining Ltd. and is the CEO and President of Pacific Bay Minerals Ltd. He holds a Bachelors of Science in Geology from the University of Calgary.
Philip Ellard, CPA, Chief Financial Officer
Mr. Ellard is a designated CPA with a Bachelor of Commerce Honours from the University of British Columbia. His expertise includes providing financial reporting, go-public, taxation and regulatory support services. He also sits as a CFO for MiMedia Holdings (TSX-V: MIM), and Newpath Resources Inc. (CSE: PATH).
Jared Galenzoski, P.Geo., Vice President of Exploration
Mr. Galenzoski has an extensive background in mining and exploration, including project management and operations in both regional and international settings, including VP roles at Buffalo Potash Corp., Continental Potash Corp., and is the President of Fides Strategic Resource Management Ltd. His experience in both private and publicly traded companies makes him an invaluable leader in managing both small and large-scale developments of mining projects with the best possible standards.
João Alexandre Vieira, Director
Mr. Vieira has been involved in mining exploration for over 15 years and has experience in prospecting, property evaluation, exploration and development.
Bob Krause, Director
Mr. Krause has over 30 years of industry experience as a geologist having worked extensively in North, Central and South America.
Brian Thurston, P.Geo., Director
Mr. Thurston has over 29 years’ experience working as a geologist around the globe including North and South America, Africa and India.
Dr. David James Turner, PhD, P.Geo., Special Advisor
Ikram Osmani, P.Geo., Special Advisor
Justin Daley, P.Geo., Technical Advisor
On October 02, 2025, Neotech Metals Corp. has commenced the second field exploratory diamond drilling program of the niobium- and rare-earth-element-(REE)-bearing apatites located at the Hecla-Kilmer (H/K) project near to Otter Rapids, Ont., by Neotech in 2024. This work supplements the previous works done by VR Resources and the 2024 initial program done by Neotech. A total of 12 new drill holes were completed in 2024 by Neotech to supplement the 24 legacy drill holes done by VR Resources (VR) in previous exploration campaigns. The primary areas of interest are the Pike zone, Northeast zone and South Rim zone which were the locations to which the drill holes were placed for the recent program.
The current 2025 program is planned for up to 10,000 metres of new drilling across all areas of interest to further define and delineate the deposit while also validating the magnetic and gravity surveys across the area. The plans for the supplemental drilling have been done in concert with Dahrouge Geological Consulting to set up a robust program that intends lead to a preliminary resource level definition of the deposit.
The goal is to conduct the field exploration program throughout Q4 2025 with results being received from assaying and subsequent reporting in early 2026. The intent is to further understand the apatite hosting REE deposit and its extents and modes of mineralization leading to a more enhanced and focused program in later stages in the effort to approach a maiden resource.
Neotech is also pleased to announce the launch of a non-brokered private placement offering of up to 11,428,571 critical minerals flow-through (CMFT) shares at a price of 35 cents per share, to raise gross proceeds of up to $4-million. The proceeds will be used to advance the ongoing exploration and development work at the company's Hecla-Kilmer rare-earth and niobium project in Ontario.
Reagan Glazier, chief executive officer, commented: "We're very excited to be advancing this strategic rare-earth and niobium asset within Ontario at a time when global markets are actively seeking secure, North American sources of critical minerals. The Hecla-Kilmer project represents a unique opportunity -- its rare-earth mineralization is hosted in apatite, a setting that may offer significant advantages in processing efficiency and scalability compared to many existing projects. With drilling now under way, we're positioning Neotech to deliver meaningful technical and economic milestones that could set a new benchmark for rare earth development in Canada."
On September 03, 2025, Crews have mobilized to Neotech Metals Corp.'s 100-per-cent-owned Hecla-Kilmer rare earth project in Ontario, Canada, to commence drilling and environmental studies.
The company is also pleased to announce the appointment of Jared Galenzoski, PGeo, current vice-president, exploration, of Neotech, to its board of directors, replacing Brian Thurston. The company would like to thank Mr. Thurston for his dedicated efforts over the past two years and wishes him continued success in his future endeavours.
Hecla-Kilmer drill program - The drill program at Hecla-Kilmer is designed for up to 10,000 metres, with a focus on infill definition and proximal extensional targets within the Pike zone. The objective of the program is to advance toward a maiden resource estimate in 2026. In parallel, the company will be relogging historic drill core completed by the previous operator, VR Resources, and conducting selective assaying of previously unsampled intervals.
On August 25, 2025, Neotech Metals Corp. has completed its inaugural drill program at its 100-per-cent-owned TREO project, located in central British Columbia.
The drill program totalled 991 metres of core across four holes from three separate pad locations. Drill targets were defined by geological outcrop discoveries, geophysical trends and anomalous prospects identified through two years of regional sampling and data compilation.
All four holes intersected mixed carbonatites and dolomites interbedded within schists and phyllites, with visible rare-earth mineralization observed throughout. Core logging and sampling are continuing and expected to conclude next week, with assay results pending.
In addition, the company has expanded its European marketing initiatives with Munich Mining Partners GmbH, increasing the investor relations budget from $28,000 to $38,500 per month.
The company has also approved an extension to the expiry date of 6,510,263 warrants originally set to expire on Oct. 6, 2025. These warrants will now expire Oct. 6, 2026, at the same exercise price of 60 cents per share.
On August 18, 2025, Further to Neotech Metals Corp.'s news release dated July 24, 2025, that it has closed its previously announced non-brokered private placement financing. Under the offering, the company issued:
660,810 non-flow through units of the company at a price of 17 cents per unit, for gross proceeds of $112,338, with each unit comprising one common share of the company and one share purchase warrant entitling the holder to purchase one common share at a price of 35 cents for a period of two years;
5.44 million flow-through units of the company (FT units) at a price of 25 cents per FT unit, for gross proceeds of $1.36-million, with each FT unit comprising one common share that qualifies as a flow-through share as defined in the Income Tax Act (Canada) and one share purchase warrant entitling the holder to purchase one common share at a price of 35 cents for a period of two years.
The company raised gross aggregate proceeds of $1,472,338 through the offering.
There were no finders' fees paid on the offering.
The net proceeds from the sale of the FT units will be used for qualified expenditures in respect of the company's mineral properties, and the net proceeds from the sale of the units will be used for general working capital purposes. The units and FT units, including all underlying securities thereof, have a hold period of four months and one day from the date of issue. Both the FT warrants and the unit warrants are subject to an acceleration provision whereby, if for any 20 consecutive trading days following the closing of the offering, the closing price of the company's common shares exceeds 50 cents per share on the Canadian Securities Exchange, the company may announce by way of news release that the expiry date of the warrants will be accelerated to 30 days thereafter.
The company is also pleased to announce that it has received gross proceeds of $533,885 from the exercise of warrants throughout the month of August.
On August 13, 2025, Neotech Metals Corp. has welcomed Dr. Alexander Cushing, PhD, MFin, PEng, as a technical adviser to the board.
Dr. Cushing is a highly respected metallurgist with a proven record bridging academic innovation and real-world application in mineral processing. With multiple published works on alternative metallurgical processes, including adsorption techniques critical to unlocking value in the rare earth and critical minerals sector, Dr. Cushing brings a depth of technical insight that directly supports the advancement of Neotech's portfolio of projects. His industry experience includes tenure at SGS Lakefield, one of the world's leading metallurgical laboratories, and his current role as an independent consultant advising on complex mining projects worldwide. In this capacity, he evaluates metallurgical performance, underwrites reclamation bonds, and assesses both technical and financial risk across precious metals, base metals and rare earth developments, positioning him to play a key role in maximizing the economic potential of Neotech's projects.
"We're excited to welcome Dr. Cushing to the team as we continue to strengthen our technical expertise," said Reagan Glazier, chief executive officer. "His depth of metallurgical knowledge and industry experience will be instrumental in advancing our projects, driving innovation in processing and ultimately unlocking significant future value for our shareholders."
The company also announces it has granted 1,525,000 options to directors, officers, employees and consultants of the company. The options vest over a period of 12 months and are exercisable at 40 cents for a five-year term.
On July 31, 2025, Field crews are mobilizing this week to commence the inaugural exploration drilling program at Neotech Metals Corp.'s 100-per-cent-owned TREO project, located in the heart of British Columbia's emerging Wicheeda rare earth district.
The initial drill program will test high-priority targets identified through detailed regional sampling and mapping campaigns. These targets are designed to confirm high-grade, near-surface mineralized zones, including bedrock grab samples returning up to 28.97 per cent total rare earth oxides (TREO) and 2.91 per cent Nb2O5 (niobium pentoxide).
The planned drill holes are strategically positioned to evaluate mineralized corridors within Neotech's mineral tenures and to better understand their relationship to the nearby Wicheeda rare earth deposit currently being advanced by Defense Metals.
"I'm excited to advance exploration within such a highly prospective and strategically significant district," commented Reagan Glazier, chief executive officer and a director of Neotech Metals. "This drill program is a key step toward unlocking the TREO project's full potential and establishing its geological and strategic connection to one of Canada's most significant rare earth developments."
On July 24, 2025, Neotech Metals Corp. intends to complete a non-brokered private placement financing, in one or more tranches, of: (i) up to 588,235 non-flow-through units of the company, at a price of 17 cents per unit, for gross proceeds of approximately $100,000; and (ii) up to four million flow-through units of the company, at a price of 25 cents per flow-through unit, for gross proceeds of up to $1-million.
The net proceeds from the sale of the flow-through units will be used for qualified expenditures in respect of the company's mineral properties, and the net proceeds from the sale of the units will be used for general working capital purposes.
On July 10, 2025, Neotech Metals Corp. has engaged Munich MiningPartners GmbH (MMP) to provide marketing and investor relations services in Europe.
MMP, based in Frankfurt, Germany, will work to increase investor awareness of Neotech in Europe. Under the terms of these agreements, MMP and Neotech Metals will provide a combination of content creation, Web development, digital marketing (mainly through Google ads and similar platforms), publication services, media buying and distribution. Services under the agreement will be performed by Peter Krah, based at Hauptstrasse 82, Floh-Seligenthal, Germany, and reachable at pk@mmp-mining.de and 49-176-9909-6054.
On May 14, 2025, Neotech Metals Corp. intends to complete a non-brokered private placement, in one or more tranches, of up to 6,666,666 units of the company at a price of 15 cents per unit for gross proceeds of up to $1-million. The company reserves the right to increase the size of the offering, subject to Canadian Securities Exchange (CSE) approval.
The offering is expected to close on or about June 26, 2025. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.
The company intends to use the net proceeds from the offering for exploration expenditures at the company's projects, as well as for corporate and general working capital purposes.
On April 22, 2025, Neotech Metals Corp. announced additional geochemical assay results from its exploratory diamond drilling program of the Niobium and Rare Earth Element ("REE") carbonatites located at the Hecla-Kilmer ("H/K") Project near to Otter Rapids in Northern Ontario. The Company also has completed e a shares-for-debt settlement.
Neotech is reporting assay results from three drill holes: HK24-028 from the West Pike Zone, HK24-030 from the South Rim, and HK24-025 from the Northeast Rim of the Hecla-Kilmer Project. These holes were part of a broader 12-hole program totaling 5,047 meters, completed during the Fall 2024 drill campaign. The 2024 drill program (see Figures 1 & 2) was designed to test for intervals of Total Rare Earth Oxide ("TREO") and Niobium Oxide ("Nb₂O₅") within the alkaline intrusive carbonatite complex.
On April 01, 2025, Neotech Metals Corp. has released positive test results from the continuing metallurgical studies for the Hecla-Kilmer project from SGS-Lakefield Canada Inc. Results from 11 batch flotation tests -- designed to assess recovery rates, concentrate grades and leachability under varying conditions -- yielded highly encouraging outcomes. In a six-hour digestion at just 50 C, the test successfully deported between 97 per cent and 99 per cent of REEs (rare earth elements) into solution, demonstrating the amenability of the mineralization to low-temperature acid leaching.
"In the context of North American rare earth projects, this is a significant milestone for Neotech," said Reagan Glazier, chief executive officer. "These results confirm that the apatite-hosted mineralization at Hecla-Kilmer is not only high grade but also uniquely leachable -- with over 75-per-cent total rare earth oxide recovery and up to 99 per cent of the rare earths brought into solution under mild conditions. That kind of metallurgical simplicity is exceptionally rare in this sector and represents a significant derisking event for the project. As governments and industry work to secure critical mineral supply chains, positioning Hecla-Kilmer as a leading candidate for near-term development in North America."
On March 04, 2025, Neotech Metals Corp. has released additional geochemical assay results from its exploratory diamond drilling program of the niobium and rare earth element (REE) carbonatites, located at the Hecla-Kilmer (H/K) project, near to Otter Rapids in the James Bay Lowlands of Northern Ontario.
Neotech is reporting assay results from two holes, HK24-033 and HK24-031, at the Hecla-Kilmer project. This drill hole is part of a 12-hole program totalling 5,047 metres, completed as part of the exploration program during the fall of 2024. This specific drill hole intersected a mineralized interval on a gravity and magnetic anomaly within proximity to the Pike zone prospect.
The company reported that 342 meters of 0.5% TREO including 58 meters of 1.06% TREO from bedrock surface on the pike zone extension at Hecla-Kilmer.
"The additional broad zones of mineralization starting from bedrock surface represent a significant economic opportunity for the Hecla-Kilmer project," stated chief executive officer Reagan Glazier. "These consistent mineralized zones at surface provide clear targets to guide future drill programs. Furthermore, the system remains wide open in several directions, including at depth, warranting further exploration and deeper drill testing to fully assess its scale."
On February 24, 2025, Neotech Metals Corp. announced the preliminary geochemical assay results from its exploratory diamond drilling program of the Niobium and Rare Earth Element ("REE") carbonatites located at the Hecla-Kilmer ("H/K") Project near Otter Rapids in the James Bay Lowlands of Northern, Ontario.
A total of 12 new drill holes (of which 11 are still to be reported) were completed in 2024 by Neotech to supplement the 24 legacy drill holes completed by VR Resources ("VR") in previous exploration campaigns.
It drilled 86 Meters of 1.06% TREO from Bedrock surface. Approximately 300 meters from the Pike Zone Mineralized Corridor in its inaugural drill program at Hecla-Kilmer.
"The discovery of bedrock-surface mineralization near the Pike Zone presents significant opportunities for the Hecla-Kilmer Project," stated CEO Reagan Glazier. "The strong PMREO values in HK24-034 are consistent with previous intercepts and highlight a clear path to enhancing the project's overall value."
On February 10, 2025, Neotech Metals Corp. announced that on Feb. 4, 2025, the company entered into an agreement with Dahrouge Geological Consulting Ltd. for geological modelling, targeting and database review at Neotech's Hecla-Kilmer (H/K) niobium and rare earth element (REE) project. Dahrouge is a renowned firm in the mineral exploration industry, specializing in REEs with additional experience in resource estimation and economic assessments. The projected cost of the project is $51,000.
"I'm pleased to be working with the experienced and talented team at Dahrouge," said Reagan Glazier, chief executive officer of Neotech. "We're eager to further develop and understand H/K and believe Dahrouge's insight as well as perspective will be invaluable."
Additional work is expected to be conducted in the summer 2025 exploration season. Further updates with continuing developments will be provided in the future.
On January 27, 2025, Neotech Metals Corp. has received a mineral exploration permit from the British Columbia Mines Office for its 100-per-cent-owned TREO project, located approximately 80 kilometres northeast from Prince George, B.C.
The permit authorizes Neotech to conduct drilling on 10 pad locations, identified through previous exploration programs. This work follows the 2024 field season, which yielded significant results, including bedrock samples with grades of up to 28.97 per cent TREO (total rare earth oxides) and 2.91 per cent Nb2O5 (niobium pentoxide).
"I'm pleased to share these exciting developments for our company," said chief executive officer Reagan Glazier. "We're eager to advance these prospective exploration targets, with emphasis on high-grade, near-surface mineralization identified in earlier programs."
Work is expected to be conducted in the summer 2025 exploration season. Further updates with continuing developments will be provided in the future.
November 25, 2024, Neotech Metals Corp. has released the assay results from the 2024 field reconnaissance program at its 100-per-cent-owned TREO project, located 85 kilometres northeast from Prince George, B.C.
Out of the 113 rock samples collected, the assay results saw a peak value of 28.97 per cent TREO (total rare-earth oxides) with 17 samples that assayed above 1.0 per cent TREO. Additionally, numerous assays from the same sample set exhibited anomalous niobium values, with a peak of 2.91 per cent Nb2O5 (niobium pentoxide) (and 20 samples exceeding 0.15 per cent Nb2O5). All samples were sourced from bedrock/outcrop exposures within mapped carbonatites featuring iron-oxide alteration, altered phyllites and syenites. The grades of TREO and niobium were found to correlate with varying degrees of alteration.
Plans to expand on the results include off-season modelling, including 3-D projections to project and define drill targets, as well as planning additional reconnaissance work programs for the next season to both broaden and define targets.
“The consistent high-grade, at-surface results extending over four kilometres from Wicheeda Lake provide excellent definition and strong encouragement for the potential of broad zones of mineralization,” commented chief executive officer Reagan Glazier. “Our team is working diligently to advance the TREO project, enhancing our understanding of the region and ensuring the best possible outcomes for the upcoming drill program.”
https://neotechmetals.com/neotech-metals-corp-samples-28-97-treo-and-2-91-nb2o5-at-the-treo-project/
November 19, 2024, Neotech Metals Corp. has completed its maiden drill program at its flagship project, Hecla-Kilmer (H/K). The program conducted nearly 5,000 metres of drilling, where all core is to be assessed, sampled, split and sent to laboratories for assays. A small crew remains at Hecla-Kilmer to conduct the remaining project activities related to the acquired cores and data.
The fully financed drill program aimed to extend out laterally from holes such as HK24-013, which intersected 361 metres of 1.0 per cent TREO (total rare earth oxides) (20 per cent was PMREOs (permanent-magnet rare earth oxides)) from bedrock surface, and hole HK24-008, which intersected 120 metres of 0.5 per cent TREO and 0.20 per cent Nb2O5 (niobium pentoxide) in the Pike zone. Additional drill testing in the South Rim zone and more peripheral targets was also undertaken. The company also reports that the program was completed without any safety incidents.
“I’m pleased with how much progress was made at H/K and want to thank all contractors, local suppliers, communities and first nations partners for their contributions in ensuring a successful drill program,” commented chief executive officer Reagan Glazier. “We remain optimistic about the future of H/K and look forward to the assays and upcoming work season next year.”
https://neotechmetals.com/neotech-metals-corp-completes-inaugural-drill-program-at-hecla-kilmer/
November 06, 2024, Neotech Metals Corp. has received approval to uplist onto the OTCQB market, closed its LIFE (listed issuer financing exemption) financing for $1,351,450 and completed over 3,600 metres of drilling in its maiden campaign at its 100-per-cent-owned flagship property, Hecla-Kilmer.
The OTCQB is a U.S. trading platform operated by OTC Markets Group Inc., designed for developing and entrepreneurial-stage companies. The OTCQB is recognized by the U.S. Securities and Exchange Commission as an established public market for determining the public market price when registering securities for resale.
The completed LIFE financing will finance the company as it advances its portfolio of rare earth element exploration projects in the stable jurisdiction of Canada.
October 25, 2024, Further to the news release of Sept. 26, 2024, Neotech Metals Corp. has closed its listed issuer financing exemption financing.
Under the offering, the company issued 9,009,665 units of the company, at a price of 15 cents per unit, for gross proceeds of $1,351,450, with each unit composed of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 25 cents for a period of three years.
The net proceeds from the sale of the units will be used for exploration expenditures and corporate and general operating expenses.
https://neotechmetals.com/neotech-metals-announces-closing-of-its-life-financing/
October 04, 2024, Neotech Metals Corp. has received its exploration permit and has commenced drilling operations at its 100-per-cent wholly owned Hecla-Kilmer property. The company is also pleased to welcome Justin Daley as an advisor to the board.
The 5,000-metre drilling campaign will target peripheral zones to the northeast and southeast, in addition to extensional drilling around the Pike zone, with the goal of establishing a maiden resource estimate.
Justin Daley, chief executive officer and president of VR Resources, has managed multiple drill programs at Neotech’s Hecla-Kilmer rare-earth element project in Northern Ontario and brings extensive experience in the geology, geophysics and geochemistry of rare-earth element and niobium systems.
"We’re fortunate to have Mr. Daley join our team as his knowledge and experience will provide invaluable insight as we explore and advance this project,” Reagan Glazier, chief executive officer, commented: “We’re also thrilled to be exploring at Hecla-Kilmer, which is located within the traditional territory of the Moose Cree First Nations, Taykwa Tagamou Nation and Metis Nation of Ontario.”
September 26, 2024, in partnership with SGS Laboratories, metallurgical testing has commenced on Neotech Metals Corp.’s flagship Hecla-Kilmer (H/K) property. The testing aims to assess the economics of an expanded drill campaign that integrates the apatite-hosted rare earth mineralization, niobium-related mineralization and overall phosphate recoveries to help advance the project.
This first-phase trial will focus on evaluating the project's metallurgical response to a variety of flowsheets, including gravity, flotation and magnetic separation methods. The analysis will consider potential recoveries, liberation, beneficiation components and other variables, progressing the project to its next milestone.
September 23, 2024, Neotech Metals Corp. has been approved by the Ontario Junior Exploration Program (OJEP) to receive $200,000 to help fund exploration activities within the province of Ontario.
The OJEP grant, a provincial program aimed at incentivizing exploration in the critical-minerals sector, supports the discovery and development of mineral resources vital to the global green transition. These funds will be allocated to Neotech’s next drilling campaign, targeting geophysical anomalies in proximity to the Pike and South Rim zones at Hecla-Kilmer.
“We greatly appreciate the support from the Province of Ontario as this investment not only helps position us as a key strategy in the critical minerals sector, but also unlocks new opportunities for the province as a whole,” Reagan Glazier, chief executive officer, said. “By advancing our exploration and development efforts, we have the potential to contribute to building a new industry within Ontario, one that supports the green transition and strengthens the province's economic future. The government's backing demonstrates the high quality of Ontario as a mining jurisdiction, providing a stable and supportive environment for innovation and growth.”
August 13, 2024, Neotech Metals Corp. has amended the terms of its non-brokered private placement listed issuer financing exemption financing previously announced on June 24, 2024. The total proceeds will include a minimum of $1.35-million and up to a maximum of $2.5-million, consisting of a minimum of nine million units of the company and up to a maximum of 16,666,667 units at a price of 15 cents per unit. Each unit will be composed of one common share in the authorized share structure of the company and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share of the company at a price of 25 cents per warrant share for a period of 36 months from the date of issuance.
https://neotechmetals.com/neotech-metals-announces-amended-life-financing/
July 23, 2024, Neotech Metals Corp., further to its news release dated March 11, 2024, has completed the acquisition of the Hecla-Kilmer (H/K) rare earth elements (REE) and niobium project in Northwestern Ontario from VR Resources Ltd.
Reagan Glazier, chief executive officer and director of the company, stated: “The acquisition of Hecla-Kilmer is highly strategic to Neotech, as it solidifies the company’s position in the REE and critical metals sector, adding both a significant, high-quality REE project with demonstrated potential and a large, prospective land package with significant upside potential. Neotech is advancing a multitrack agenda of aggressive exploration and strategic REE district consolidation, with this transaction representing our commitment to our shareholders in becoming the leading diversified, REE exploration and development company.”
https://neotechmetals.com/neotech-metals-corp-completes-hecla-kilmer-ree-project-acquisition/