Neotech Metals Corp. Announces Further Strategic Addition of Claims, Extending the TREO Property

Rhea-AI Summary

Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) has acquired two additional claims adjacent to its TREO Property, adding 338 hectares and bringing the total land package to 16,286 hectares and 40 claims. The acquisition aims to solidify the company's foothold in the district and create further value on the project as a whole. The claims were purchased for $5,000 and 20,000 common shares, subject to a four-month hold period.

Vancouver, British Columbia--(Newsfile Corp. - December 1, 2023) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) announces that it has acquired two additional claims (the "Claims") adjacent to its TREO Property. These claims are a further strategic addition to its TREO Property. Prior to this acquisition, the Company held 15,948 hectares, and the Scott claims added an additional 338 hectares, bringing the total TREO land package to 16,286 hectares and 40 claims.

"The northern claim was added, as its close proximity to historic drill results with known mineralization makes it a highly prospective piece. The southern claim block, which is situated adjacent to the claim block acquired recently by Defense Metals, is both strategic from a mine-development perspective as well as for its exploration potential. Together, the two groups solidify our foothold in the district and present us with further opportunities to create value on the project as a whole. We look forward to exploring these areas in the upcoming exploration season," stated Reagan Glazier, the Company's CEO.

Neotech Metals Mineral Tenure

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The Claims have been purchased from Steven Scott through a payment of $5,000 and the issuance of 20,000 common shares of the Company. These shares are subject to a four-month hold period.

About Neotech Metals Corp.

The Company is a mineral exploration company based in Vancouver, B.C., which owns 40 rare earth mineral claims (the "TREO Property") and holds an option on the EBB nickel-cobalt property, all of which are located in British Columbia, Canada.

Contact information

For More Information, please contact:

Reagan Glazier, Chief Executive Officer
E-mail: reagan@neotechmetals.com
Telephone: ‎(403) 815-6663

Forward-Looking Statements

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward looking information in this news release include statements relating to its properties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

The CSE has not reviewed, approved, or disapproved the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189425

FAQ

What is the ticker symbol for Neotech Metals Corp.?

The ticker symbols for Neotech Metals Corp. are CSE: NTMC, OTCQB: NTMFF, and FSE: V690.

How many hectares did Neotech Metals Corp. add to its TREO Property through the recent acquisition?

Neotech Metals Corp. added 338 hectares to its TREO Property through the recent acquisition, bringing the total land package to 16,286 hectares and 40 claims.

How much did Neotech Metals Corp. pay for the acquisition of the two additional claims?

Neotech Metals Corp. paid $5,000 and issued 20,000 common shares for the acquisition of the two additional claims.

Who was the previous owner of the Claims acquired by Neotech Metals Corp.?

The Claims were purchased from Steven Scott by Neotech Metals Corp.

What is the hold period for the 20,000 common shares issued by Neotech Metals Corp.?

The 20,000 common shares issued by Neotech Metals Corp. are subject to a four-month hold period.