Neotech Metals Appoints Vieira as Director & Issues Options

Rhea-AI Summary

Neotech Metals appoints Joao Alexandre Almeida Vieira as director, effective immediately, with Charn Deol stepping down. Vieira has over 15 years of mining exploration experience and operates an aviation business across Brazil, Africa, and the US. CEO Reagan Glazier highlighted Vieira's extensive experience and thanked Deol for his contributions. The company has granted 2,200,000 options at $0.38 to various stakeholders, exercisable over five years. Neotech Metals focuses on discovering and developing valuable mineral resources globally, with properties in British Columbia, including the TREO Rare Earth Element Property and the Foothills project, plus options on the EBB nickel-cobalt property.

Positive

• Appointment of Joao Alexandre Almeida Vieira, with 15+ years of mining experience, as director.
• Granting of 2,200,000 options at $0.38, incentivizing directors, officers, employees, and consultants.
• Neotech Metals holds valuable properties in British Columbia, including TREO Rare Earth Element Property and the Foothills project.
• Company's commitment to environmental stewardship and sustainable practices.

Negative

• Stepping down of Charn Deol could imply potential instability or shifts in company strategy.
• Dilution risk for shareholders due to the issuance of 2,200,000 options.
• Uncertainty regarding the financial impact of these new stock options and the potential for stock price volatility.

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ("Neotech" or the "Company"), a mineral exploration company, is pleased to announce that Joao Alexandre Almeida Vieira is moving into the role of director of the Company effective immediately. In conjunction with the appointment, Mr. Charn Deol will be stepping down.

Mr. Vieira has been involved in mining exploration for over 15 years and has experience in prospecting, property evaluation, exploration and development. He owns and operates an aviation business working in Brazil, Africa and the United States. Mr. Vieira holds a BBA from Anhembi Morumbi University.

"Joao's extensive experience in owning and operating businesses in Brazil, as well as his overall background in mining and exploration bring invaluable perspectives to the board of directors," said Reagan Glazier, CEO. "I'd also like to thank Mr. Charn Deol on behalf of the board for all of his efforts and guidance as we have progressed the business. He's been a valuable contributor, and we wish him well on all his future endeavours."

The Company also announces it has granted 2,200,000 options to directors, officers, employees and consultants of the Company. The options are exercisable at $0.38 for a five-year term.

For more Information please contact:
Reagan Glazier, Chief Executive Officer
E-mail: info@neotechmetals.com
Telephone:+1 403-815-6663

About Neotech Metals Corp.

Neotech Metals Corp. is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions 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 is a mineral exploration company based in Vancouver, B.C., and owns 100% of it's TREO Rare Earth Element Property, located 90km North East of Prince George, British Columbia, and 100% of it's Foothills project located near the Monashee Mountain Range. The Company also holds options on the EBB nickel-cobalt property in British Columbia, Canada.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on certain expectations and assumptions, including future plans and objectives of Neotech Metals Corp. Forward-Looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. The Company undertakes no obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210737

FAQ

Who is the new director appointed by Neotech Metals?

Joao Alexandre Almeida Vieira has been appointed as the new director of Neotech Metals.

When did Neotech Metals appoint Joao Alexandre Almeida Vieira as director?

Joao Alexandre Almeida Vieira was appointed as director on May 28, 2024.

What experience does Joao Alexandre Almeida Vieira bring to Neotech Metals?

Joao Alexandre Almeida Vieira has over 15 years of experience in mining exploration and operates an aviation business in Brazil, Africa, and the US.

What are the details of the stock options granted by Neotech Metals?

Neotech Metals has granted 2,200,000 options at $0.38, exercisable over five years, to directors, officers, employees, and consultants.

What are Neotech Metals' key properties?

Neotech Metals owns the TREO Rare Earth Element Property and the Foothills project in British Columbia, and holds options on the EBB nickel-cobalt property.